Save money on your next remodeling project

Save money on your next remodeling project

While the thought of saving money during a home renovation project is appealing, the first concern many homeowners have is the possibility of poor craftsmanship. Ultimately, lowering costs without sacrificing quality would be the best of both worlds.

Here are some tips to help you save money on your next project:

1. For major renovations, do the demolition work yourself instead of having the contractor do it. This will reduce the contractor's labor costs and reduce the bid price. However, this work should not be performed by an inexperienced homeowner.

2. If you are planning to paint or wallpaper an area of your home, remove the existing wallpaper or apply the paint yourself. Many home improvement stores rent out wallpaper steamers that assist with removing the paper. Interior painting is relatively easy and can be performed at a fraction of the cost of hiring a professional.

3. For kitchen and bathroom renovations, do not move fixtures. Moving fixtures means moving water supply and drain lines and can significantly increase costs.

4. Try to reuse existing lighting junction boxes, light switches and outlets. Removing and relocating these can be costly when done by an electrician.

Nick Falkoff, owner of highly rated Auburndale Builders in Auburndale, Mass., says utility costs make up a majority of the cost on a remodeling project. “Reworking old systems often costs more than starting from scratch,” he says. “Remodeling is very labor intensive.”

5. If your renovation includes floor replacement, prepare the area by moving large appliances. There are many devices available from your local home improvement store like furniture sliders that can assist with this task.

6. Purchase supplies on your own. By doing this, you cut out the middleman, i.e. the contractor, who marks up the price of supplies.

7. To contractors, time is money. Cleaning up the job site is a cost that is included in the bid price. Negotiate beforehand and let your contractors know that when the job is over and you can clean up the site yourself.

If you have additional concerns about reducing the cost of your remodeling project, talk with your remodeling contractor. A good contractor will provide tips on additional ways to cut costs without sacrificing quality.

Angie’s List can help you find a highly rated home remodeling contractor in your area. Members get exclusive access to authentic ratings and reviews. Don’t get stuck making a poor hiring decision.

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