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Feb
15

Budgeting Tips for a Home Redesign

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Budgeting Tips for a Home Redesign

With more and more elderly Americans choosing to age in place, younger occupants and family members are tasked with remodeling their home to make it easier on their aging bodies. Unfortunately, a lot of homes in the United States aren’t exactly accessible for the aging demographic. Narrow hallways and flights of stairs make it hard for them to get around, especially as they get older, and modifying a home to be more suitable for senior needs can be quite expensive. So, here are a few budgeting tips for your home redesign.

Start Selling

One of the best ways to generate some extra cash for a design project is to start looking for things to sell as soon as you start developing your plan. These days, there are plenty of places to post items online in order to sell them, which makes this process relatively straightforward. And once you get that in your head, you may be surprised how much you find to sell. Maybe, in clearing out a room for redecorating, you find a stack of books you’re never going to look at again; maybe you can simply round things up from the attic, garage, or basement to support your effort; or perhaps you can get rid of some old furniture. You might as well go ahead and sell off anything that makes your home less accessible too, as this can make the remodeling job easier. Even if you’re selling things for a few dollars here and a few dollars there, you’ll be supplementing your design fund, and clearing out your home of unneeded items as you do so.

Look Into Savings Options

Another good idea is to start looking into savings options. Where savings are concerned, think about going beyond the basic tips (like cutting out your morning latte) and opting for something more substantial, like a new savings account or a CD. The former is fairly self-explanatory; saving with a CD, or certificate of deposit, is essentially the same thing, only with greater interest and a required “term” (which is how long you keep your money in the account). The idea with either option — a savings account or CD — is to stash away a bit of extra cash that will mature over time. That way, you’ll either be able to withdraw a nice sum with which to pay for the redesign, or you’ll be able to reimburse yourself more substantially after the fact.

Age-Friendly, Not Just Trendy

More specific to the redesign project itself, another tip to keep in mind is to choose designs for your aging occupants, rather than going for whatever trends are making the rounds. That’s not to say you shouldn’t look to update your home with some modern appeal, or something generally new and exciting. But the trendiest options will often cost the most, and might not even be good for accessibility. When shopping, keep in mind that you’re redesigning not simply for aesthetics, but for functional mobility. While the latest trends might seem like the fun choice, they might not be in line with your goal. So, for instance, invest in better lighting options as this can help seniors with low vision. In particular, there should be good lighting by staircases, closets, and hallways to help your loved one navigate the house and prevent any accidents.

Explore DIY Options

To the extent you can manage, you might also want to look into taking a DIY approach to home redesign. This probably won’t be an option with your flooring, unless you have significant experience in this area. But with some aspects of décor, you might be able to save some money by doing jobs on your own. Repainting a room is naturally one idea that comes to mind. Similarly, you might be able to do your own wallpapering; wallpaper’s comeback has actually been a popular topic recently, and wallcovering producers have intentionally made ease of use more of a focal point. In some cases, people are even sending off their own designs to have wallpaper printed for them! Whatever the case though, if there’s an element of the job that you can do yourself, you’ll likely save money by taking advantage of it. Just note that monochromatic palettes aren’t a good idea for seniors, as these can be difficult to see. We recommend bright colors like yellow, or calming ones like lilac, to boost their mood.

There are all sorts of additional little things you can do to cut costs and generate savings leading up to your age-friendly remodeling project. Hopefully, though, these tips get you off to a good start!

 

Content written by Ashley Clive

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