Remodeling is expensive. Even small bathrooms can cost $5,000 or more to redo. If you want to keep your bank account in the black while giving your home a fresh, new look, here is how you can save money when remodeling.
Sweat equity – If you do not have the skills to install new cabinets or tile yourself, that’s okay. You can probably remove the existing ones. You can also save money by cleaning up after the construction crew each day. It costs approximately $200 per day for the crew to clean up after themselves, so if you are able to sweep up sawdust and perform other basic cleaning tasks, it is well worth your time.
Quotes – Always get several quotes before deciding on a contractor. Prices can vary especially between a larger company and a smaller one. Ask if discounts are given if you pay cash upon completion.
Wait – Peak times for remodeling are at the height of summer and between September and December. Many contractors offer discounts during the slower months.
Paint – Look on the shelves for mis-tinted paint. For rooms that will need more than one gallon, buy several mis-tinted paints that are of a similar color and mix them together in a large bucket. You will not be able to match the color again, so make sure to save a little for future touch-ups. This is also a great way to buy paint for tables or other furniture. Mis-tints tend to run between $1-$5. Occasionally, you can find them for free.
Scratch and Dent – If you need a new appliance, first look in the Scratch and Dent department. The savings is considerable. Most of the damage is hardly noticeable and can usually be touched up with appliance paint if necessary. You can also find faucets, sinks, toilets, and even shed doors in this department.
Clearance – Whether you are looking for a backsplash at a home improvement store or a new bedspread at Bed Bath & Beyond, always look in the store’s clearance section. They often have great products substantially marked down in order to make way for new inventory.
Discount websites – Spending an hour or two searching websites, such as Overstock.com, is another great way to save a lot of money on remodeling products. You can buy everything from plumbing fixtures to sinks to tile and lighting fixtures at low prices.
Discounts – If you are thinking about buying products such as windows, doors, or trim from one retailer, ask if they have price breaks or volume discounts. Some retailers also give military, senior, or teacher discounts.
Carpet remnants – Whether you want to carpet one room or five, do not rule out looking in the remnant section. They can come in large or small sizes allowing you to choose one color for all five rooms, or a different color for each.
Shower curtains – These are more cost-effective than glass doors which can cost over $200, and have a risk of shattering. You can spend very little on shower curtains at stores like Kmart and Wal-Mart.
Insulation – This is a great way to save money on your utility bills. If any internal walls are opened during construction, it’s quick and easy to install.
Donate – Instead of paying the contractor to haul away your old items, contact your local Habitat for Humanity. They are always looking for sinks, light fixtures, cabinets, and bath tubs for their resale shop. Many locations offer free pickup , and you can collect a charitable tax credit on your federal return.
Following these tips will save you money when it is time for your home improvement project. But if you want to save even more, click below to sign up for cashback offers. Once you join, you will get cashback every time you shop at hundreds of stores including Lowes, Home Depot, Bed Bath and Beyond, and Overstock.com.