Remodeling can be expensive, but there are several ways to cut costs. Follow these tips to get the right remodeling project at the right price:

1. Financing

If your home improvement project will be financed, carefully research your financial options to find the best interest rates and deal possible.

2. Do-it-yourself

One way to save on your project is to reduce the cost of labor. Portions of a remodeling project, such as the initial demolition, require more physical effort than experienced skill.

If you've already decided on which remodeling contractor you plan to hire, inquire about which parts of the job can be safely accomplished by you, family members or friend to reduce labor costs.

3. Planning

Strike a balance between what you want and the most cost-effective method of accomplishing. Planning ahead to avoid tearing out existing walls or keeping new plumbing in a confined area can decrease material and labor costs.

4. Hire the right company

When making a hiring decision, ask if the contractor will employ subcontractors to accomplish specialty areas of the project. A company that relies on in-house employees to complete the entire project may be less expensive than a company that relies on subcontractors.

5. Negotiate costs

According to an Angie's List poll, 80 percent of responding companies say they'd be willing to negotiate the overall cost of a project's contract. If you're purchasing the project's necessary materials on your own, you may be able to cut costs by negotiating with your local building supply company or lumber yard.

Ready to start remodeling? Save time, headaches and possibly some cash by researching highly rated New York City-area remodeling contractors on Angie's List.