There’s nothing wrong with saving money every chance you get right? That’s what I think too, which is why I have put together some ways in which you can save money the next time you have to hire a contractor. While we may believe that there isn’t a project or repair we can’t do ourselves, the truth is, sometimes you just have to hire a contractor. Dean Graziosi states, that while you may fear the high cost of hiring a contractor to do work around your home, there are some ways that you can avoid overpaying for the work.
The first thing that you can do is to clearly define the amount of work and type of work you want done to your contractor. It is important that you clearly define the work that needs to be done, and the work that you do not want to have done. You should never allow the contractor to define the scope of the project, if you do they will likely try to get more work and money out of you. You should be aware that sometimes unforeseen circumstances will arise and more work may be required, but if it’s not necessary you should avoid it.
The next thing you should do is ask your contractor to provide you with an itemized list of what will be done during the project. This list should include prices and you should not accept a quote that doesn’t have each portion of the job broken down with costs for each step clearly stated. A standard quote should include the cost of demo, flooring, wiring, and any drywall work along with other work that is going to be done. This price breakdown will help you have a clear idea as to what is involved in the project and the costs associated with that work.
Another great way to save money is to look over the work and determine what, if anything you can do on your own. Many contractors charge for demo, painting, and clean up; if you are willing to do those steps yourself, you can end up saving a lot of money. It may be worth getting a little dirty to save a couple hundred dollars.
Many homeowners aren’t willing or are afraid to ask their contractor for a discount. You shouldn’t be, if you can negotiate with your contractor you may discover they are open to offering you a discount. If you let it slip that you have received another quote from a different contractor that was lower, they may be willing to meet that price. If you never ask, you will likely not receive any type of discount on the work that is going to be done.