You probably can’t just do all the work yourself to save some cash—but you can take some steps to keep those costs as low as possible.
Be your own general contractor
A lot of people hire general contractors to handle their home renovations for a good reason: Home renovations are complex and require not just management and logistic skills but also a fair knowledge of building codes and every individual discipline involved, from plumbing to masonry.
Or: It could cost you twice as much if you mess it up. Take a moment to ask yourself if you have the time and background to be an effective general contractor, which involves at its most basic level hiring and coordinating several subcontractors, setting up a schedule so everyone can get their part of the work done properly, arranging for permits and inspections, and managing the purchase, delivery, and inspection of materials. It’s a big job and often well worth the extra cost—but if you have some experience in construction and a talent for logistics, it offers a great opportunity to save some cash.
Keep in mind that your contractors may have very good reasons for using a specific brand or level of product, and you may meet resistance if you insist on using an alternative. It pays to listen to expertise. But if there’s no discernible difference aside from price, you can save yourself some money by acting as your own procurement officer.
Phase out appliances
The average kitchen package (refrigerator, microwave, oven, and dishwasher) runs between $2,100 and $5,400, and a washer/dryer set can run as much as $2,300. If you can live with the old and busted versions for a while, you can shave close to nine grand off the up-front cost of the reno with the option to upgrade the appliances later whenever it makes sense.
Ask for discounts
Contractors aren’t obligated to do so, of course, but it doesn’t hurt to ask—and a few percentage points off the price here and there can add up into significant savings.
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