Remodels: Little ways to save big

Sure, cutting back on high-ticket items conserves cash during a remodel. But as TOH TV showed on the East Boston project, there are other creative ways to save - in this case, more than $70,000!

Repair rather than replace
Repair rather than replace
Nothing on This Old House's East Boston project house seemed in worse shape than the stucco siding. Years of harsh winters had left giant cracks and gaping holes in the masonry surface. Making it worse was the ivy working its way into the cracks, opening a path for water to get behind the stucco. A complete replacement would have come in at $50,000.

Instead, after the ivy came down, a masonry crew patched the worst sections with new stucco over wire lath, then filled remaining cracks with caulk. Tom's crew cleaned the entire surface using grinders fitted with wire wheels. Then painters applied a primer and two tinted layers of an elastomeric coating--basically a thick acrylic paint--which helps tie everything together and give it a smooth finish. The repairs cost $10,000.

What They Saved: $40,000
Repair rather than replace Roll up your sleeves Little demolition Rob Peter to pay Paul Use luxuries selectively Adjust to your circumstances Add detail with paint Stick with stock Be open to shelves and doors Reuse existing materials
We canvassed dozens of industry pros to catalog ways you can wrestle your renovation costs back down to earth. (more)
A 4-phase plan for getting the kitchen you want at a price you can afford. (more)
An architectural designer aims to respect his home's heritage and simultaneously embrace its new parts. (more)

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.