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How a Little DIY Can Save You BIG

Feb 02, 2016 3 min read

 

Currently trending for new homeowners: DIY Projects.

Pride of ownership tastes sweeter with a little sweat equity and a lot of hard work, both of which can save you a lot of money. Become the envy of the neighborhood by saving big with these handy DIY tips.

 

1. Get inspired

There is an abundance of websites, tv channels, and magazines dedicated to DIY inspiration if you’re committed to tackling home improvement projects yourself but don’t know where to begin.  Spend some time searching Pinterest or Houzz for ideas and tips on how to remodel, redecorate, and improve the rooms in your home.  Magazines like Domino, Real Simple, and House Beautiful are chock full of photographs for every home and style of decorating, as well as tips on how to “get the look” featured on their pages.  Often seeing how another home is decorated can get the creative juices flowing for your own space.  Shows on channels like HGTV and the DIY Network are not only entertaining but can provide helpful tricks and lessons on how, with a little know-how and a lot of determination, you can make your own renovations without calling in the professionals (and thereby saving a ton of money).

 

2. Be scrappy

While home improvement warehouses are perfect one-stop shops for DIY home projects, material costs mount quickly.

Ask a manager at a home improvement store if they have a scratch and dent section for appliances and building materials, whereby deep discounts are often applied (even if they aren’t advertised, it never hurts to ask for deals!). Half-priced paint is often available by perusing the returns bin, which is the perfect way to get enough to paint your roof white and save 20% on your air conditioning bill (yes, really!).

Double your savings by seeking out free or discounted items in your local community. A quick online search can help locate scrap metal and building supplies that are often free with haul-away, and neighborhood forums and Facebook Buy, Sell, Swap groups are magnets for local businesses and homeowners trying to get rid of their excess stuff.  

Many home decorating stores like Restoration Hardware also have outlets or factory stores where you can get the same quality items at a fraction of the cost.  Though sometimes hit or miss, discount stores like HomeGoods, Marshalls, and TJ Maxx are a treasure trove of items to help decorate a home.  And if you’re willing to spend the time, visits to flea markets, consignment shops, and antique stores can yield great results in terms of finding great deals on furniture and home goods.  

 

3. Educate yourself

If you’re confident you can take on a home repair job but wouldn’t mind talking to an expert, seek out classes, workshops, or tutorials in your area.  Many libraries or town parks departments will hold DIY classes where you can listen and learn from professionals.  Local garden clubs often have meetings where you can ask questions of their Master Gardeners and get help for your landscaping projects.  Even the big warehouse stores like Home Depot and Lowe’s offer free monthly clinics on a range of projects.  Do some research and see what is available in your area; you might be surprised by all the information you have at your fingertips.

 

Bottom Line

A little DIY can add instant equity to your home, extra cash to your wallet, and a proud smile to your face as you tell impressed friends, family and colleagues, “yeah, I did that myself.”

 

This article is presented for informational purposes only.  It should not be considered advice for which you should contact your qualified professional before making financial decisions.  Prudential Financial (Retirement) is not responsible for the information contained in the external website(s), periodicals or other sources mentioned and makes no representations about information contained therein. The site(s) is/are provided to you for informational purposes only.

 

 

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