Is Now The Time To Remodel Your Home?

What's Hot


5 Reasons to Shop for a Home in DecemberFamily

Shoppers Boycott Businesses Selling Trump-Branded ProductsBusiness

15 Things You Should Always Buy at a Dollar StoreMore

Giving Thanks: Why Foreigners Find America AmazingAround The House

New Email Phishing Scam Targets Amazon ShoppersMore

50 Best Gifts Under $25 for Everyone on Your ListFamily

Why Washing Your Turkey Can Make You IllFamily

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 7 Worst Things to Buy at a Dollar StoreMore

What the Richest 1 Percent Earns in Every StateFamily

10 Ways to Retire Earlier Than Friends on the Same SalaryGrow

The 10 Best Ways to Blow Your MoneyCredit & Debt

The 50 Hottest Toys of the Past 50 YearsFamily

30 Awesome Things to Do in RetirementCollege

Good time to sell your house? Not really. But good time to fix it up? Definitely. But you have to be careful about both the work you're doing and those doing it.

According to Harvard’s Joint Center for Housing Studies, consumer spending on home improvement is down 12% from it’s peak last year; a downward trend that’s probably going to continue. And that’s leading to major cuts in prices on everything from wood and other materials to labor.

“We talked to many highly-rated service companies on Angie’s List and we find they’re taking on smaller jobs and potentially giving a break on labor… 10% or more off the price of labor. So don’t be afraid to negotiate a good deal.”
-Angie Hicks, Angie’s List

Translation? If you’ve got the money, now could be the time for that maintenance or improvement project. But be aware of two things.

First, projects may cost less than in year’s past, but may also return less. According to Remodeling Magazine, the top three projects in terms of being able to recoup their cost are adding decks, replacing siding and minor kitchen remodels. Last year they all returned about 80% of what they cost… down a few percentage points from ’07.

Second, be aware that in desperate times, some contractors may do desperate things: like cutting corners… even ripping you off. So shop carefully, check credentials, ask for references, and keep from getting nailed.

Bottom line? When it comes to getting contractors to sharpen that pricing pencil, you’ll never find a better time than right now. Just be aware of all the rip-offs out there and be super, super careful.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Strategies to Save Big Bucks on Amazon

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,765 more deals!