Predicting the final cost of home repairs can be one of the most tedious tasks. The cost of any given home repair is subject to unexpected costs once the project has begun, some of which may be attributed to a slow or inefficient contractor who is not doing his or her job correctly. Here are four great ways to save money on home repairs.
1) Create a budget and stick to it
Create a budget of how much you want to spend on a project and figure out what the full costs of what you want to do are. As your project becomes more detailed, talk to your contractor about what his or her costs are on an hourly rate and find out exactly how much any materials cost. Do not be afraid to negotiate with your contractor on any of the costs.
2) Shop around
The home improvement stores such as Lowe’s and The Home Depot near your home may have varying prices on the materials you need for your project. Warehouse stores such as Costco and Sam’s Club may also have competitive prices on project materials. Shopping around for things such as garage door springs Atlanta can save you a bundle. Keep tabs on all the store circulars so you know about the best sales.
3) Use salvaged supplies
Salvaged materials have increased in popularity over the years, and a salvaged yard near you may offer by far the most competitive prices on some raw materials, such as wood or metal products. Many consumers opt for salvaged wood cabinets in their kitchens or salvaged wood floors in their houses, and this adds both a vintage appeal and oftentimes saves a large percentage off the final costs of the project.
4) Look for tax credits
Before you pick a project, check the IRS website to see if your project will qualify for tax credits. Projects that increase your home’s energy efficiency will both save you money on utility bills and have a chance to qualify for government tax credits. You can find an IRS tax credit calculator on the website that will show you a good estimate of how much you will save off your taxes after the project.
Home repairs can add up in cost quickly, but with a little bit of planning you can reduce the chance of having to go over budget and in the end save a little bit of money off your next project.