Many people are going to approach home-improvement from the perspective where a nicer home is a goal in itself. However, if you think from a broader viewpoint, you can start to consider that one of the reasons you want to do home improvement projects in the first place is to save money so that you can spend more cash on your family instead.
Consider this process. First you figure out how to get a home improvement loan. Then you choose a DIY route for accomplishing a task, thereby saving money. And then you figure out how to eliminate sunk costs in your household, freeing up some more cash. And then you think outside the financial box to determine value other than strictly in a monetary-based way.
Getting a Loan
For anything other than the smallest home improvement projects, you’re probably going to have to get a loan. As long as you know that you have the income to cover this loan over time, it really is better to pull the trigger and improve your situation as opposed to trying to figure out how to scratch together the money over time. After this loan is in, then you can figure out which home improvement projects to take on to start sorting out areas of your household that prevent you from spending good family time together.
Choosing the DIY Route
There are tons of DIY home improvement projects that you can do. Instead of spending thousands of dollars hiring a contractor, you can spend a few hundred doing it yourself. Also, if you do the project with your family, that’s a good bonding experience. So not only will you be saving money, but you’ll also be spending more time with your household tribe as well.
Eliminating Sunk Costs
There are sunk costs associated with certain household items or activities. And if you really want to save money, even if it feels like a sacrifice, you should get rid of these things. For example, if your family isn’t using that in-ground pool that’s costing you tons of money to maintain, it might be time to fill it in. Even though people wouldn’t consider getting rid of the pool as an improvement in most cases, you know that in this context that’s actually exactly what you want to do.
Thinking Outside the Financial Box
The value concerning your household and the quality of time that you spend with your family is not just going to be about the number of dollars that you spend. Quality time means focus. Quality time means understanding what everyone in your family likes to do. If you choose home improvement goals that increase the value of your family time as opposed to just the value of your home, then you’re headed in the right direction.