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Saving Money on Home Renovation

By Singapore Home Guy On September 2, 2009 Under Home Renovation

If your family is growing, or if you just need to fix up the house you’re living in, then you may be considering spending some money on home renovation.  Many times you have projects that must get done, but you’re not sure if you can afford them.  You can save yourself some money if you take time to.

Instructions:

– Try to be as flexible as possible concerning the timetable of the work.  Contractors are often very busy during certain times of the year.  It will difficult to negotiate for better prices if the contractor has a lot of jobs lined up.  If possible, have the work done during the off seasons.

Make sure you get as many bids as possible.  Consider the total price, but also consider the quality of work and materials.  Saving money is important, but don’t sacrifice quality.

– You might want to see if there are some parts of the home renovation that you can do yourself.  Labor is a large part of the total cost, so if you can do some of the more menial tasks (such as removing drywall or flooring), you could save a significant amount of money.

It’s sometimes good to buy the materials yourself.  You can be sure of the quality and cost when you do the shopping.  Some contractors are more open to this than others, so make sure you talk to them about this before they make their bids.

– Look around for the best way to finance your home renovation.  If it’s a big project, you may need to take out a loan.  Talk to your bank about all possible options.

When deciding on the materials for the project, consider the cost over the long run.  You may end up saving money by using more expensive materials that will last longer.

Tips and Warnings:

– Always get references for the work of the contractors you are considering hiring.

– Remember that the price may go above the quote if there are unexpected problems