A remodel is a big step for any homeowner, and no matter how much money you have to work with, you want to keep as close to your budget as possible without cutting important corners. There are a few simple techniques that will help you save money where possible without jeopardizing the appearance or quality of your project.
Selecting the right contractor for the job is a big step – although the guy that will work the cheapest isn’t necessary the best man for the job. That is why it is important to get at least three estimates to compare and contrast each contractor’s price, quality of work, and reputation. With a good selection, you should be able to find just the right guy to save money and still get quality work accomplished.
Another way to save money is to take the time to shop around for the best deals on materials. Your contractor may be able to help you in this area by getting discounts from preferred suppliers. Additionally, many suppliers actually court the bigger contractors, trying to get their business, and, in the process, offer significant discounts. This is one benefit of choosing a successful contractor that does a high-volume of work. If you have the time, make it a fun weekend activity to shop sales and discount warehouses to find deals on materials, fixtures, and appliances.
Again, the time it takes your project to be completed is a big factor in cost. If you are paying interest on a loan, it really adds up quickly. If you are paying your contractor by the hour, time can get out of control as well. Many remodel projects seem to have the tendency to run into time-consuming snags; so the more organized you are in the areas you can control, the better. Do your best to have money and materials available in a timely manner so your contractor can progress seamlessly.
Recycle as many of the old materials as possible. Obviously, certain products simply are way past the point of saving; but in many cases, you can reuse some lumber, electrical wire, plumbing pipe, doors, etc. Utilize structural elements that are already in place such as old-fashioned brick walls or existing wood floors that just need to be refinished.
Avoid big structural changes that will require moving your plumbing and electrical. This always entails more labor and expense, and if you can have just as nice of a result without big changes, it might be worth cutting corners a bit.
If you are able to stand the commotion, you can also save money by “camping out” and roughing it in the midst of your remodel. For a little discomfort, you can save big by avoiding separate lodging. Request some free estimates from contractors in your area to begin your remodel.