Recently, the National Association of Home Builders (NAHB) reported that building materials for the average home had increased by 26.1% over the previous 12 months. Accordingly, you are probably already looking at ways to save money on your next remodeling project. Sacrificing quality shouldn’t have to be one of them, which is why we are offering these valuable money-saving tips instead.
#1. Stay Within Your DIY Limits
When trying to cut costs, many homeowners will elect to perform some of the work themselves. However, unless you have experience in certain areas, you are better off leaving it to professionals. Here at T&K Contractors, we spend a lot of time fixing problems that well-meaning individuals inadvertently brought on. And that doesn’t begin to account for the reduced quality and possible building code violations that may also occur. Bottom line is this: if you’ve never done it before, your own remodeling project is not the place to start.
#2. Establish Priorities
Re-evaluate your remodeling plan and distinguish between what is a must-have and what is a “nice to have.” Then make a list and keep it with you whenever you are shopping. That way, you are more likely to stay within your limits. Be sure your contractor knows what your priorities are as well and communicates with you regularly about how well you are keeping within your budget.
#3. Consider Your Sources
It’s always a good idea to shop around for the best deals. When doing your price comparisons, don’t forget to include some out-of-the-way sources too. For example, building material auctions can be a great place to buy lumber. And you might find fixtures or other hardware at a reclaimed building materials store. Local marketplace ads or estate sales may have what you are looking for at a reduced price as well.
Shopping in this way can feel somewhat like treasure hunting, but best of all it can save you a great deal of money. Who knows, you may even be able to afford some of your “nice to have” items after all.
Sources are especially important when shopping for appliances. Rather than big-box retailers, check a scratch-and-dent or even a second-hand appliance store. These shops often have brand-new merchandise with only a few slight imperfections. Many times, the defects are in areas like the sides or the back that are not immediately visible anyway.
#4. Schedule Work for the Off-Season
New construction projects tend to slow down during the winter months. But just because it’s cold outside does not mean that contractors don’t want to keep working. Many will offer a reduced rate during the off-season, which means you can automatically take advantage of the savings. The peak season does vary from one remodeling firm to the next, so talk with your contractor about the best time to schedule.
#5. Don’t Automatically Go With the Lowest Estimate
It’s always a good idea to get several estimates before beginning any work. When doing so, many people think the best way to save money is to go with the lowest estimate. However, you could actually wind up spending more money in the long run if that contractor performs substandard work. You may also wind up being unsatisfied with the results.
Here at T&K Contractors, we perform high-quality construction projects for those in the Monmouth County area. While we are always happy to help you save money, we won’t take shortcuts in order to do so. Instead, we’ll provide you with a great deal for your money and warrantied work to boot. Want to see how we can help turn your remodeling dreams into a reality? Then contact us today to schedule a consultation.