There are many strategies that can help you negotiate renovation rates more effectively.
To cut down on price, here are 5 contractor negotiation tips to help you reduce the cost of renovation projects without sacrificing quality workmanship.
Tip #1: Shop Around For Experienced Pros
It’s easier to know if you’re getting a good deal for your renovation project if you collect at least three comparable estimates. Many pros are willing to lower their cost if you mention that more than one contractor is being considered for the job.
Tip #2: Purchase Work Materials Yourself
Allowing your contractor to include the cost of both labor and materials in their estimate can help ensure your project is completed in a timely manner. However, if you want to save more money you can offer to purchase the materials yourself because this would allow you to shop around for the best price.
Tip #3: Handle Your Due Diligence
It’s essential to verify that your contractor has recent experience working with similar projects. Experienced contractors may charge more because they have the capability of completing your project more quickly and efficiently than other pros. If you’re comfortable working with a contractor who has less experience, you may be able to get a better price.
Tip #4: Timing is Everything
The cost of your project can increase or decrease depending on the season. Renovation costs are typically lower during times when business is slow for the contractor. Ask your contractor if they’re working on any other projects at the same time and be mind that work is generally slower during the winter months for many contractors.
Tip #5: Treat Your Contractor Like a Partner
Your contractor should always prioritize your best interests and you should also respect their professional authority. Simply asking for recommendations to make the project more cost-effective can go a long way.