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Saving Money on Home Improvement

February 8, 2010

Home improvement is very important for the property because it increases the safety and comfort for the family. Home improvement will fix physical problems of the property or prevent accidents from happening. Real estate agents also implement home improvement on properties because it increases the value and marketability.

But home improvement could be a costly endeavor especially if you’re not aware on how to properly implement them. Avoid these problems by doing these simple practices when you’re considering improving your home.

1. DIY (Do-it-yourself)

The best money saving technique in home improvement is to implement the home improvement without the help of any contractor. If you have some experience or, at least, knowledge on how to fix some parts of your house, you will be saving hundreds of dollars since you will no longer need additional help. Just make sure that you can actually finish the project to avoid further expenses.

2. Know what you can do

Unless you’re an experienced contractor or house developer, you need to know which part of home improvement you can do without any assistance. Remember that some projects can’t be easily implemented without the assistance of professionals. For instance, you can order The Shade Store window treatments, or have one of their professional staff come measure and install your order.

3. Get Estimates

Competition among contractors is very fierce that it’s already a constant practice for contractors to offer free estimates of a project. Don’t hesitate to get in touch to at least three contractors so that you can get the best offer possible. They know that you will not just accept the first offer so they will try to beat their competition’s estimate.

4. Shop for the materials

One of the most expensive parts of the project is the materials. Instead of allowing contractors to purchase the materials (with mark-up) for your property, shop for the materials yourself. You could gain considerable savings since you will not have to pay for marked-up materials. Look for stores like Lowe’s that provide consultations and a price breakdown of all materials needed to complete a job. If you decide to finance the purchase of materials yourself, a Lowe’s credit card can also save you 5% off the purchase.

5. Get References

A great money saving tip in home improvement is to ask your neighbors for recommended contractors. Most have already worked with contractors so they can give you a name or two and how they have worked in various projects.

6. Family Project

Doing home improvement without any assistance from professionals could be difficult. But if you already know how you can work on the project, you can ask your family to assist you inhome improvement. Make this a weekend project so that you can slowly implement home improvement without extra hand from professionals.

7. Consider Safety Features

When you’re trying to make some changes in your property, consider adding some safety gadgets or materials. This is not an immediate money saving technique but it will since it will protect you, your family and your property from accidents.

8. Select Project Based-Charges

There are contractors that will charge based on specific assignments. This setting will be favorable to property owners since contractors will no longer charge per day. Choosing time bound assignments may prompt your contractor to slow down the assignment which will only add charges on the final bill.

9. Be Smart about Scams

Unfortunately, there are a lot of scams that could happen during home improvement. Never allow any contractor to approach you presenting their services. Only allow contractors to work in your property if you need them.

10. Seek Government Grants

Aside from doing the project without any professional assistance, seeking a government grant is a great money saving tip for home improvement. Contact your local authorities if they you under a certain criteria that will allow you to receive government grant in home improvement.

Home improvement should never be an expensive project. Know which projects you can do on your own or compare rates well so that you can get the best contractor.

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