1. Reuse materials from within

The Home Advisor website says about 65% of materials are reusable during home renovations. Wood, screws, knobs, curtain fittings, and fixtures are worth reusing as long as you recognize their value. 

Building experts also say many homeowners are swayed by the idea of having everything new during remodels or renovations. Consequently, people lose sight of the reusability of materials.

With the right contractor, you can clean or polish reusable materials to give them a new look, and your kitchen cabinet handles and doors are examples. This is why it is necessary to inform the renovation contractor about your decision to repurpose what you already have, giving them a fair idea of things you want to keep. 

Better yet, they can inspect the house with you to determine which materials are worth reusing.

2. No rush to finish up the basement

According to Jason Cohen of Nexus Real Estate, an unfinished basement remodeling or renovation still moves the property into a higher price bracket. From his perspective, it may be safe to say that you can cut back on your renovation by taking time to finish the basement. You shouldn't rush to spend so much money on completing this space if the plan is to sell the house.

However, this is advisable only if the basement is still in good condition and not prone to water damage. A basement renovation can cost $2,800 to $34,500 to complete. So if things are in good shape, you can redirect the funds to more pressing issues in other parts of the house that need immediate attention.

3. Check out salvage yards for reclaimed materials

According to Houselogic.com, reclaimed materials from salvage yards can reduce your home renovation costs by as much as 40%. This would require a careful selection of construction materials to ensure they still have appreciable quality and safety features. Additionally, salvaged construction materials can cost up to 75% less than if you were buying them new. 

You can find safe reclaimed construction materials from dealers like Skagit Building Salvage, ReUse Depot, and Community Forklift Nonprofit. Undoubtedly, you may want to pay attention to this if you’re committed to cutting your home renovation costs. 

As a precautionary measure, be wary of worn-out materials that may be useless to your project. In your search for low-budget options, you should be mindful of sub-standard materials that may require costly repairs.

Aside from these tips, it is always advisable to seek expert opinion. Also, keep in mind that the goal is to increase value, so while you cut costs, don't compromise quality.