How Military Families Can Save on Home Renovations

December 12, 2019

Life in the military teaches you self-discipline and the value of taking care of what you own. At some point, most homes need some type of renovation to keep things working properly. While your status as a military family may require you to watch your budget, there are certain renovations that simply cannot be put off. When you know that it is time to make a few changes to your home, you can use these strategies to save on the costs.

Get a VA-Backed Loan

If you need to borrow money to renovate your home, then it is best to check into the option of getting a VA loan. There are several of these types of loans that can be used to repair or to add new features to your home. With the lower interest rates offered by these loans, you’ll be able to save more money compared to if you went with another lender. You may also be able to take advantage of specials or lower costs on certain items now that help to offset any interest that you will need to pay.

Explore Discounts for Veterans and Seniors

Many home renovation companies offer discounts to veterans and seniors out of respect for their service to the country. When it comes to saving on plumbing services, every little bit helps. You’ll find that being able to knock the cost of your water heater installation or other services down by a decent percentage allows you to stretch your home renovations budget.

Ask About Your Options for Materials and Appliances

Home remodeling and repairs often require you to purchase specific materials or appliances that can vary according to their value and durability. You probably don’t want to go with the cheapest option on any items that play a critical role in your household maintenance and daily living. However, you can also avoid the most expensive ones. For example, you could choose a mid-range water softening system that should last for many years but does not cost as much as the priciest model.

Choose Reputable Companies

You should also remember that the company that you choose impacts how much you eventually spend on your home renovation. Make sure to only work with a reputable company that you can trust to give you an accurate estimate and to stand behind their work. Being able to avoid having to redo the work or call out another contract saves you more money in the long run.

Whether your home needs a major update or you just want to spruce a few small things up, saving money is always important during home renovations. As you make your plans, try to use more than one of these strategies so that you can maximize your savings and enjoy the changes that you make to your home.