5 Ways to Save Money on your Next Home Improvement Project

Save money on home improvementSpring marks the beginning of many things, including the home improvement season.  Like any homeowner, I have a list of projects that I hope to finish for 2012 and now is the perfect time to start checking off that list! 

Whether your next project is big or small, outdoors or inside, we are all looking for ways to make our money stretch a little further. 

Here are a few tips to help you save money on whatever project you are hoping to accomplish in 2012:

Plan ahead

No matter what type of project you are thinking of doing, planning ahead always results in a more cost effective (and usually faster) end result.  Knowing exactly what you want and how you want it to look are extremely important because they allow you to convey your vision more clearly to your contractor, minimizing changes.  Changes impact time and money!  If you are DIY, it can also save money because you can get everything you need at once rather than having to make several (costly) trips to the store to fix your mistakes or re-work your vision. 

Do your homework

Choosing the right contractor can be tough.  While price and craftsmanship certainly make a difference, be sure to include checking their insurance and licensing credentials as well.  Did you know that you could be liable for a contractor who is injured while at your home?  That is why it is so important to be certain that the person you hire to perform work around your home is properly insured.  Check your state’s licensing board for information on any contractor you are considering.

Be realistic

There is a difference between being handy and being a contractor.  Be honest about your home improvement limitations.  Paying someone to come in a fix your DIY nightmare could end up costing more than if you had just hired someone from the beginning.  Beyond money, taking on a bigger project than your skills can also be a safety issue.  The old saying, “better safe than sorry” also applies to home improvement.

Re-Purpose

When it comes time to get creative, yard sales, antique stores and even your basement are great places to look for inspiration.  Yard sales and antique stores are great places to find great things for a lot less money.  Not exactly what you’re looking for?  Don’t be afraid to get creative.  A can of spray paint, a can of stain and/or some new hardware can really bring an old piece new life.  If you are looking for something more in the free price range, check out your basement or attic.  You may discover items you didn’t even know you had.  Thinking outside the box allows you to find new uses for old items.

Add a little sweat equity

Even if your next project is beyond your expertise, there may be little ways for you to save money.  You may be able to help during certain stages of the process, saving you some money.  Some contractors may even give you a discount if you pay in cash.  If this is the case, just be sure to document this in your agreement and ask for a receipt after each payment.  Remember- you should never give all of the money upfront.  Most ask for half upfront and the other half upon completion.

What projects are you planning this spring?  Do you have a tip on how to save money on a project?  Share it with us below!

Whether you are looking to replace your old windows or that leaky roof, be sure to contact Moonworks for an estimate on your next home improvement project.

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