Ultimately, so long as your home is habitable and safe, then sprucing it up with a few new decorations or opting for a change of colour scheme are hardly big priorities.
However, that’s not to say it’s completely off the table, even if you are struggling financially.
If you have sufficient funding available for a project, then it can be a good proposition, but there are a number of boxes that need ticking and considerations that need to be made.
When battling with debt, giving your home a new look can brighten spirits but it’s important to remember that it isn’t always the most important thing to be concentrating on.
Below are a few tips on how you can give your home a new look, while keeping a firm handle on the purse strings.
Retro items (eBay)
One way that not only helps you save money but keeps you on trend as well, is by using retro items from way back when.
Selecting cool and interesting objet d’art from decades gone by, you can see some real bargains while also giving your home a really interesting and unique look.
Why go to a large high street chain store and get pieces of furniture and pictures that everyone else has already, when you could cut costs and get something really unique?
Retro couldn’t be more hot right now and that makes it ideal if you want to do some DIY on a budget.
Benjamin Moore Paints senior interior designer Sonu Mathew said recently: “Now we yearn for colours, designs and simplicity of the past.
He also suggested that soon “we’ll find things that shimmer and shine next to things that are dead matte”.
Another nifty way of reducing your overall bill is by looking at tool hire because, as with most hire arrangements, it makes a great deal of financial sense.
If you only do the odd bit of DIY then it’s pretty pointless shelling out a heap of cash to get in tools, only for them soon to be stored away in the attic, gathering dust.
It makes much more sense to hire tools now and again, as and when you need them, as this means you are literally only paying for each time you need to use them.
There are a number of companies that offer this service which means good competition and reasonable prices so, before you purchase those tools outright, consider hiring instead.
As is essential for anyone with financial issues, it’s vital to budget.
Plan ahead on what you can realistically afford to spend as well as what everything will cost, and then put a time frame on when you expect to have achieved this.
This will mean you can plan to make cuts in spending elsewhere if necessary and avoid going even further into the red.
You can build a DIY project into the budgeting you already do, so long as you’re keeping abreast of what you are spending and what effect it is having on your general finances.
Don’t go overboard
Finally, ensure you don’t overstretch yourself when it comes to your home improvement plans and keep finances in mind at all times.
Remember to run before you walk and, when it comes to DIY, maybe have a go at painting the front room before you try anything too outlandish.
Also keep in mind which improvements will make your home more valuable in the long run. Anything that creates extra space will add worth, so consider extensions and knocking through walls.
As a final consideration, ensure you tell your insurer exactly what you are planning and check that you are covered. If you press ahead without sufficient cover then you could risk landing yourself with a huge bill down the line.
Most of the time you will be covered for such activities under home insurance policies but it’s essential that you check and make sure.
Don’t consider DIY completely unattainable if you are struggling financially, just remember to do all you can, if it’s essential, to keep costs down.
Simon is a DIY expert who loves budgeting. He writes for a site devoted to reducing debt.