According to the Joint Center for Housing Studies of Harvard University (JCHS), millennials (generally those under age 35) spend dramatically less on home renovations in comparison to people in their late 30s through early 60s. With steep school loans to pay back and the financial strain of starting a family, you can easily understand why these improvements are challenging for millennials. But it doesn't have to be this way.
If you're a young homeowner and are ready for a plumbing remodel, take a look at some of these moneysaving ideas for your next plumbing renovation.
Buy What You Need
Before beginning a bathroom, kitchen, or other plumbing remodel, ask yourself, "Do I really need this item?" While crystal bathroom faucet knobs and gold accents may make a lux statement, they can seriously add to your budget. Skip the bubble-jet tubs, fancy fixtures, and heated toilets. You can create a stylish space that's fully functional in plenty of ways without going into debt.
Make a list of what you really need (with a plumber's help) and stick to it. Think economy, not exaggerated, as you choose fixtures, appliances, and other plumbing options.
Work With a Professional
You may be tempted to minimize your budget by doing some things yourself, but these DIY projects may end up setting you back. Unless you have serious plumbing expertise, you may end up costing yourself more money over time. A poorly installed kitchen sink drain can lead to leaks that result in mold, cabinet rot, or worse. Likewise, a do-it-yourself new toilet install may end up in wasted water or a drain back-up.
Not only can the plumber do the job right the first time, but they can also help you to save money. Ask the plumber what the most economical options are, what types of plumbing fixtures/setups are water savers (and money savers) and what options will give you the best resale value down the road.
Repair Before Replacing
One of the easiest ways to save on plumbing costs is to try to repair a fixture before automatically replacing it. While a cracked pipe requires immediate replacement, some fixtures are easy for a professional to fix. These fixtures include a leaky toilet, worn washers, and drippy faucets. You might be able to spend a fraction of your budget by repairing things instead of replacing everything.
Tearing down drywall to reach your new home's plumbing is a costly project. If the walls are fine, but you want to move a toilet, sink, or tub, the added cost of demolition and rebuilding might not offset the value that you recoup.
Before you start moving pipes and plumbing fixtures from space to space, assess what your overall project goals are. If the walls are old, worn, or need to be completely rebuilt (or you've torn old tile down and ruined the walls), now may be the time to make dramatic plumbing changes.
While these changes will cost you more money than simple repairs, if you're already tearing down a wall, you're already halfway there. Combine these types of projects to help save money in the long run.
Use Less Expensive Materials
Your bathroom and kitchen need pipes - there's no getting around that. They also need faucets, drains, and sinks. But they don't all need copper pipes. This plumbing material is highly durable and long-lasting, but it comes with a high price tag.
Ask the plumber about using a durable, but less costly, option, such as PVC, CPVC, and PEX pipes. Along with costing less, these plastic types of pipes are more flexible and resist corrosion.
Are you ready for a bathroom or kitchen remodel? You don't have to wait until you're 40 to start. Contact First Choice Plumbing Solutions for more information and to discuss your cost-effective options.