How to Save Money on a Home-Improvement Project

With good planning and an honest assessment of your skills - and amount of free time - you can probably save some money on your next big project.

Difficulty: Moderate

Instructions

Things You'll Need:

• Calculators
• File Folders
• Personal Organizers
• Home Design Software
• Hand Tools
• Power Tools
• Calculators

1. Consider what portion of the work you can realistically do yourself. For example, if adding a room, maybe you can paint it when it's done.

2. Consider less expensive alternatives when designing an addition, such as a prefabricated fireplace unit vs. traditional masonry.

3. Plan everything so you don't need to make changes once the contractor is working. Changes often entail additional charges.

4. Get several prices for the work from recommended contractors. Price quotes vary enormously due to such factors as the contractor's schedule, the time of year and the distance from the job.

5. Try to schedule your project for an 'off' time of year. For example, install central air conditioning in winter, not in June.

6. Shop for materials that are on sale. Building-supply stores often have various items (such as tile or wood flooring) on sale due to overstocks or other factors.

7. Make sure that your initial contract for the work is comprehensive and that the initial price covers all work to be done.

Tips & Warnings

• Most people can handle light demolition, painting, landscaping and garbage removal themselves, assuming that they have the time.
• If you have any doubts that the contract for the work is correct and complete, consult an attorney before signing.
• Always attempt to minimize the amount you're required to pay ahead of work being completed. You probably won't be able to negotiate a contract without a deposit. Plan to pay up to 10 percent.

[jamaclassics]

on 12/27/2008 I don't hire contractors for anything. I pull my own permits, too. Then when the work's all done, if I'm not happy with it, I get in touch with me right away!

[editorwriter]

on 5/7/2008 Great reference source. Thanks!

[editorwriter]

on 5/7/2008 Great reference source. Thanks!

on 11/22/2005 If your remodeling job is large enough you will need mult. inspections from your towns building Dept. Be there for the inspections. You will be able to ask the inspector questions and ensure that the work is done correctly and is cost-effective.