I'm sure the changes in the economy have affected all of us in some form or another. One thing I'm sure we all share in common is we definitely watch where we spend our money a little more carefully these days. We also probably hold back on frivolous spending. So in more conservative time's, how can you decide if you should go forward with home improvement projects your home needs or not? To spend or not to spend?
1) KNOW YOUR LIMITS
To begin, a lot of home owners are taking on more projects themselves. A do-it-yourself project is ok if you have the know-how. There are even workshops offered at local home improvement stores that can teach you some skills to get smaller projects done properly. You don't want to bite off more than you can chew. In other words, know where the limits of your skills lie. If you feel you aren't completely confident you’re erecting that stockade fence properly, maybe its best left to professionals. A project done poorly, or with cheaper supplies will cost you more in the end. You don't want to have to pay for the same thing twice.
2) KNOW WHAT YOUR WORKING WITH
Some projects will require professional craftsman. Projects including roofing jobs, windows, dormers, extensions, siding etc. should be left to licensed and experienced handy men trained in these areas. Don't automatically think you cannot afford to make the repairs to your roof because you are on a tight budget. First, ascertain just what kind of work is required. For instance, if there is damage done from weather conditions, your home owner's Insurance may cover the entire cost. Reputable companies can help assess the damage and help guide you in the right direction. Secondly, you want to know how much the completed project will cost. Some Roofing & Home Improvement companies like GTM Home Improvement Corp. offer a FREE ESTIMATE. You will need to know the complete amount in order to budget accordingly.
3) DO YOUR HOMEWORK
Have a comprehensive plan in place before any work begins. Making improvement's to your home will help to increase the overall value, but work in order of importance, not price. Do a little research and see what will give you the most return on the price of your home. Decide what project is most prudent and needs to be addressed first. Don't let a small issue become a big one by doing the cheaper project first. In addition, walk through the entire plan with your contractor. Often people end up making changes half way through a project and this can become very pricey. Make sure you hire a LICENSED contractor. Someone who will ensure all building codes and permits are up to speed.
4) BUDGET
Once you have a solid plan intact and know how much you are looking to spend, it doesn't have to break the bank. In knowing the amount you will be spending, you can put yourself onto a budget. Write out all of your expenses for the month. Then allow yourself a certain amount out of each paycheck to be put aside towards this project necessity. Another option for a large project like a new roof or an extension is a payment plan. This usually can be done through your bank or sometimes through the contracting company themselves. This will allow for a much easier managed monthly payment.
Although it may not seem like an immediate way to save, go the energy efficient route. It will save you money in the long run. Things like Energy Star appliances, new windows that will help retain warmth in the winter months, even sky lights can help reduce electric costs by providing more light. There is also the idea of seeing if you and a few neighbors have similar home improvement needs. Ask around, the final cost can be shared, and there could be a possible discount from the contractor for multiple jobs.
Check out your local small businesses first. Unlike huge chains, they understand your needs as a consumer. And like you, they understand the importance of every dollar. With local businesses in your home town, you will get personal attention and the time and dedication deserved. Some of these smaller businesses may even be able to save you some money if you pay in cash. Check online. Visit websites. Certain companies may offer additional discounts through their website.
1) KNOW YOUR LIMITS
To begin, a lot of home owners are taking on more projects themselves. A do-it-yourself project is ok if you have the know-how. There are even workshops offered at local home improvement stores that can teach you some skills to get smaller projects done properly. You don't want to bite off more than you can chew. In other words, know where the limits of your skills lie. If you feel you aren't completely confident you’re erecting that stockade fence properly, maybe its best left to professionals. A project done poorly, or with cheaper supplies will cost you more in the end. You don't want to have to pay for the same thing twice.
2) KNOW WHAT YOUR WORKING WITH
Some projects will require professional craftsman. Projects including roofing jobs, windows, dormers, extensions, siding etc. should be left to licensed and experienced handy men trained in these areas. Don't automatically think you cannot afford to make the repairs to your roof because you are on a tight budget. First, ascertain just what kind of work is required. For instance, if there is damage done from weather conditions, your home owner's Insurance may cover the entire cost. Reputable companies can help assess the damage and help guide you in the right direction. Secondly, you want to know how much the completed project will cost. Some Roofing & Home Improvement companies like GTM Home Improvement Corp. offer a FREE ESTIMATE. You will need to know the complete amount in order to budget accordingly.
3) DO YOUR HOMEWORK
Have a comprehensive plan in place before any work begins. Making improvement's to your home will help to increase the overall value, but work in order of importance, not price. Do a little research and see what will give you the most return on the price of your home. Decide what project is most prudent and needs to be addressed first. Don't let a small issue become a big one by doing the cheaper project first. In addition, walk through the entire plan with your contractor. Often people end up making changes half way through a project and this can become very pricey. Make sure you hire a LICENSED contractor. Someone who will ensure all building codes and permits are up to speed.
4) BUDGET
Once you have a solid plan intact and know how much you are looking to spend, it doesn't have to break the bank. In knowing the amount you will be spending, you can put yourself onto a budget. Write out all of your expenses for the month. Then allow yourself a certain amount out of each paycheck to be put aside towards this project necessity. Another option for a large project like a new roof or an extension is a payment plan. This usually can be done through your bank or sometimes through the contracting company themselves. This will allow for a much easier managed monthly payment.
Although it may not seem like an immediate way to save, go the energy efficient route. It will save you money in the long run. Things like Energy Star appliances, new windows that will help retain warmth in the winter months, even sky lights can help reduce electric costs by providing more light. There is also the idea of seeing if you and a few neighbors have similar home improvement needs. Ask around, the final cost can be shared, and there could be a possible discount from the contractor for multiple jobs.
Check out your local small businesses first. Unlike huge chains, they understand your needs as a consumer. And like you, they understand the importance of every dollar. With local businesses in your home town, you will get personal attention and the time and dedication deserved. Some of these smaller businesses may even be able to save you some money if you pay in cash. Check online. Visit websites. Certain companies may offer additional discounts through their website.
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