Whether you’re planning to sell your home in Chicago or you’re completing a project for your own enjoyment, home renovations can be time consuming, expensive and stressful. Saving money and keeping the project on time are the two primary goals for most homeowners. If you’re ready to begin your remodeling project, use the seven tips in the article “Seven Ways to Save on Your Remodeling Project” on the Equifax Finance Blog to help you save time and money.
The first step is to ensure you hire the right contractor for the job. Choosing the wrong contractor can cost you additional money and headaches, so make sure to take extra time on this step. Create a long list of potential candidates through referrals from friends and family and your own research. Then, research their past projects before selecting a handful of potential contractors to get an estimate from.
Next, discuss the entire remodeling project with the contractor you chose and make all of the decisions upfront. From selecting paint colors to purchasing nails, it’s important to have everything laid out and ordered in a timely manner. Delaying a project for materials will cost you additional money.
It’s also important to discuss ways to save on materials and products with your contractor. Often, they will be able to order products at the best cost. Ask them to help you shop around, and don’t be afraid of trying to create the look you want using less expensive materials.
While you can save money by selecting less expensive materials, it’s also important to factor in the products that may cost more upfront but provide significant cost savings over time. For example, if you’re replacing a window, consider spending more upfront to purchase energy-efficient windows, which will save you in energy costs over the lifetime of the product.
For the remaining tips on how to save money on your remodeling project, read the full article on the Equifax Finance Blog.