Is Now The Time To Remodel Your Home?

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

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: House Hunters: Beware of These 6 Mortgage Mistakes

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 1,783 more deals!