Tips for saving for home renovations

Saving Tips for Home Renovation: Turn Your Dreams into Reality

Saving Tips for Home Renovation – How many of you dream of renovating your home but always face challenges with the budget? Planning a home renovation is indeed a tough challenge, especially for a family's finances. 

Often, we have the desire to renovate our home but end up failing due to more urgent needs. To avoid repeated failures, start saving for home renovation!

The key to saving for home renovation is commitment and creating a well-planned budget. To turn your home renovation plan into reality, let's explore the following saving tips.

Also Read: Saving Even with a Small Salary: Find Out How!

5 Tips for Saving for Home Renovations

1. Plan the Renovation Budget Carefully

As mentioned, planning the renovation budget is a crucial step before saving for home renovation. With a well-calculated budget, you will find it easier to control your expenses.

In planning the budget, identify which parts of your home you want to renovate. Allocate the budget for these parts and set aside some additional funds for any potential changes in plans. 

With a structured plan, you'll have better control over expenses and avoid the risk of unforeseen cost overruns.

2. Research Prices and Compare Offers

Tips for saving for home renovations

The next step is to research prices and compare offers from various material suppliers and contractor services. Don't rush into decisions. Take the time to compare prices and the quality of products offered.

Also, consider the availability of goods, return conditions in case of delivery damage, and reviews from previous customers. With a clear picture, you can make better decisions and save money during the renovation process.

3. Always set aside emergency funds

Home renovations often face unforeseen situations that require additional funds. Therefore, it's crucial to always set aside an emergency fund that can be accessed in urgent situations. 

This fund can be used to address changes in plans, technical issues that arise, or other unforeseen events. Allocating a sum of money as an emergency fund is essential during the renovation process.

4. Utilize Discounts and Promotions

Many material stores or construction suppliers offer special discounts and promotions, especially during specific times. Seize this opportunity to obtain materials at more affordable prices. 

Making purchases during discount or promotion periods can save expenses and help reduce the financial burden of your renovation.

5. Use Smart Saver for Your Renovation Savings

If you've started saving for home renovation, try placing your funds in Whiz Smart Saver. With Smart Saver, you can earn a high interest rate of 6.75%. No need to worry about security – Whiz collaborates with a BPR guaranteed by the LPS and supervised by OJK. 

By trying Smart Saver, your home renovation fund can grow faster and, of course, be secure.

Also Read: Preparing for Annual Tax Report (SPT) - 5 Tips

With these tips, your dream home renovation can not only come true but also have a positive impact on your finances. 

Congratulations on saving, and may your home renovation process go smoothly, delivering satisfying results, comfort, and happiness to your family.

Don't forget to try Smart Saver and see how your savings grow faster!