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When it comes to home renovations, everyone’s always looking for a way to save a few bucks. While there might be some areas where going a more cost-efficient route makes sense, there are others that will provide you with better savings long-term when you invest upfront.
A quality build is one of those, and something you probably don’t want to mess around with.
Outside of the construction itself, investing in higher-quality home fixtures can also save (or make) you money long-term.
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Avoiding the frugal paradox
We’re not talking about conspicuous consumption here. You’re not buying 14-karat chandeliers to show off how wealthy you are to any guest who may enter.
Instead, we’re talking about the frugal paradox. The concept behind it is when you’re too cheap to buy high quality, you end up spending more money over time by having to replace something more often. Though, it should be noted, sometimes this is not a matter of active choice if your resources are too thin to invest in higher quality to begin with.
But you’re doing a renovation here, so there is likely some choice involved.
If you are lucky enough to have that choice, investing in higher-quality fixtures can save you money over time by avoiding the “buy cheap, buy twice” trap.
Where Your Fixtures Matter the Most
Cheaper fixtures can break down over time, enduring scratches, expansion with humidity and just general wear and tear. The areas where they’re most likely to get worn down quickly are the two most-commonly used rooms in the house: the kitchen and bathroom.
Investing in higher-quality fixtures — even custom fixtures that are properly fitted for your unique space — can ensure they last longer in terms of both form (or prettiness) and function. For example, a range hood from CopperSmith is likely to outlast the cheapest model you can find at Home Depot.
Resale value comes into the equation
Whether you’re working on your own home or flipping a property, future buyers are going to notice the fixtures. The rooms they’re going to notice them the most?
Again, most likely the kitchen and bathroom.
Improvements to these two rooms tend to provide the highest return on investment, which means avoiding the frugal paradox can also makeĀ you money. Even if you’re planning on living in the house for a while yourself, investing in these higher-quality fixtures means that when you eventually sell, you’re probably not going to need to invest in another upgrade.
Don’t chase trends
When you invest in higher-quality fixtures, it’s good to keep in mind that you’re looking at designs that are timeless. Go back and watch some HGTV from the early aughts, and you’ll see that the hottest trends end up looking kitsch within a few years.
This is an investment you’re making for the long-term. Pick the photo frames and throw pillows that you think are adorbs, but when it comes to the fixtures, pick something that’s going to last in terms of both functionality and design.
In a few years, it could just save you some serious cash.
