Bargain-hunting can lower renovation costs (2024)

FORT COLLINS, Colo. (AP) — I’ve never visited the luxurious Four Seasons Hotel in Denver, but I can pretend.

That’s because I have a stainless steel soaking tub in my master bathroom that’s made by the same company that built the custom tub for the Four Seasons spa.

It’s not that I have a limitless budget, but I temper my expensive taste in bathrooms with discount shopping. A look around my master bath is a primer on where to find bargains: display models, clearance sales, Craigslist, eBay and architectural thrift stores (also known as repurpose or re-use stores).

For instance, I found my Japanese soaking tub for half price on the manufacturer’s website.

“It was the luck of the timing,” said Diamond Spas Inc. owner Stephanie Bennett. The company was selling its display models before moving into a new facility in Frederick, Colorado.

I picked my tub up in person, but many other buyers only saw photos and then paid to have their purchase crated and shipped, Bennett said.

While that’s riskier, I’ve done it too. After seeing an ad for the Kohler WaterHaven shower, I searched online and found one on Craigslist in Minnesota. With a $6,300 retail price, it features dual telescoping shower heads, four body-sprays and a hand shower. I paid $1,000, including delivery, since the seller’s brother was moving to Colorado.

Research is key to a good deal. Learn if the item will have a manufacturer’s warranty and, especially with plumbing, comes with all the components, or what their replacements will cost. Inspect items carefully for dings and defects, and decide if you can live with them.

Since many contractors — including plumbers, electricians and designers — buy items discounted and then charge customers full price, know beforehand if the workers you hire are willing to forgo that markup and use your products.

Cathy Ratschowsky of Fort Collins bought granite for her vanity remodel at an auction. Before that, she priced out remnants and compared bullnosing costs. She also asked about charges for picking the piece up from the auction site. That gave her an idea how much she could spend and still get a bargain.

“I had to be flexible,” she said. “I couldn’t fall in love with just one piece.”

Discount renovation shopping isn’t for everyone. It won’t work for those who have set ideas what they want, or those on a tight schedule. It takes patience and persistence.

When I was working on the bathroom remodel, I’d stop in to a repurpose store every few weeks, and check its website and Twitter feed to monitor new donations.

That paid off when I found a 58-inch concrete trough sink that was perfect for our space.

I wanted to know if it had been donated because of a defect, so I called the manufacturer. It turned out it was a demo they’d made to try out a new design. I also learned it hadn’t been sealed, so I factored in that expense.

Interior designer Carin Atterbury of Surface shops for her clients at the Pratt & Larson Tile Outlet Store in Portland, Oregon, where handmade ceramics sell for about 75 percent off retail.

“There needs to be some design forethought into using their close-out material, because the colors are limited and the quantities are limited and there is no trim,” she said. But “it’s definitely a great resource if you need a small quantity for a pop of color or a pop of design.”

Tile is often available at clearance sales, faucets are sold off floor models when the style is no longer current, and display boards with towel bars and toilet paper holders cost pennies on the dollar when they are retired.

Some bargain-hunting hints:

— Ask plumbing and bath stores if they sell floor models or seconds, and if they have clearance sales.

— Subscribe to mailing lists for auction houses.

— Use the Internet to track down an item you like. Set up an alert for the item on eBay.

— Scrutinize items before buying. Most are non-refundable.

— Check the spec sheets and see if your contractor is willing to inspect the item. A plumber I know found hairline cracks in a clearance-room bathtub, and my sink faucets required expensive metric connectors.

— When possible, buy from a business. If there are problems, they’re more likely to help you sort it out.

— Make sure you buy more tile than you’ll need to allow for breakage. An extra 10 percent is recommended.

— Consider delivery or shipping costs, and think about where you’ll store the item until it’s time for your remodel.

Since renovating on a budget requires flexibility, I ended up with things that didn’t work. For instance, a Dorbracht floor-mounted tub filler that I bought at a tent sale before I bought my soaking tub turned out to be too short.

Since I couldn’t use it, I did what anyone on a budget would: I resold it to a fellow bargain-hunter.

Bargain-hunting can lower renovation costs (2024)

FAQs

How can I reduce the cost of remodeling? ›

19 Ways To Save Money On Your Home Remodel
  1. Evaluate Remodeling vs. Building New. ...
  2. Create a Realistic Budget. ...
  3. Increase Storage Without Expanding. ...
  4. Reorganize Kitchen Layout. ...
  5. Consider Long-Term Costs. ...
  6. Explore Look-Alike Alternatives. ...
  7. Shop at Recycling Centers. ...
  8. Attend Building Supply Auctions.

How does HGTV shows do renovations so cheaply? ›

As Ian Parker reported for The New Yorker, the goods and services seen in HGTV shows are often discounted at producers' discretion. HGTV confirmed that goods and services featured on its shows might be discounted in a statement to Insider. "Design work is paid for by homeowners," the statement said.

Is 50k enough to renovate a house? ›

A more realistic budget would be around $50,000 – this allows you to do more than make changes in only one space. For under $50,000, you can make several renovations to a home and increase its value significantly, especially if you know how to cut costs without compromising on quality.

Is renovating cheaper than buying a house? ›

If your current house is almost perfect but needs a few changes that don't disrupt its overall structure, then renovating is easily cheaper. If the modifications you want dictate that you want a new home altogether, then buying a new home is often a faster, easier, and more affordable way to get everything you want.

How to negotiate remodel? ›

8 No-Fail Tips for Negotiating With Your Contractor
  1. Shop Around for the Best Price-to-Quality Contractor. ...
  2. Research the Contractors You're Looking to Hire. ...
  3. Pick the Right Time of Year for Better Prices. ...
  4. Offer To Save Money by Purchasing Supplies and Materials Yourself.
Jul 20, 2021

How to minimise renovation costs? ›

20 Ways To Cut Home Renovation Costs
  1. Do Your Own Demo. If you have the tools and the time, consider doing demolition work on your own. ...
  2. Have a Budget. ...
  3. Avoid Debt. ...
  4. Develop Detailed Plan. ...
  5. Get Permits. ...
  6. Reuse Materials. ...
  7. Pick Up Your Own Materials. ...
  8. Do Your Own Painting.
Mar 18, 2024

What is the most expensive thing when renovating a house? ›

Renovating your house is a substantial investment that can greatly enhance the comfort and value of your home. Among the various elements of a renovation, your kitchen is typically the most expensive due to its central role in your home and the high cost of quality materials, appliances, and skilled labor.

Is $100,000 enough to renovate a house? ›

With a $100,000 budget, you can accomplish a significant amount of renovation work, particularly if you prioritize your project goals and work closely with an experienced team like Multigroup Contracting.

How much is too much to spend on a home remodel? ›

You don't want to spend more than 10 to 15 percent of your home's value on a single room. If you spend more, the value of the renovation will not proportionally add to the value of your home. For example, if your home is worth $100,000, the maximum you should spend on a kitchen or bathroom renovation is $15,000.

Why does no one want a fixer upper right now? ›

There are even TV shows about them. Why are they falling out of favor with buyers now? Veronica Dagher: Well, one of the reasons is they just don't want to hire a contractor. It's a lot of work to do that, and it's hard to find them these days, but the big factor here is high mortgage rates.

What adds most value when renovating a house? ›

Projects That Boost Your Home's Value
  • Boost the bathrooms. ...
  • Remodel the attic or basem*nt. ...
  • Get decked out. ...
  • Boost curb appeal. ...
  • Improve energy efficiency. ...
  • Swimming Pools. ...
  • Luxury Upgrades. ...
  • Garage Conversions. Converting garages can add square footage to your home's living area, but most buyers want garages.

How to know if a renovation is worth it? ›

Along with the type of remodeling job, several factors determine if home improvements will add value at resale:
  1. Current real estate market trends.
  2. Your home's location and neighborhood.
  3. The quality of work and materials used.
  4. Buyer preferences.
Jul 19, 2023

How to save money when remodeling? ›

10 Tips to Save Money on a Home Renovation
  1. Know Your Budget: ...
  2. Prioritize Renovations That Add Value: ...
  3. Be Your Own Contractor: ...
  4. Do as Much of It Yourself as Possible: ...
  5. Find Used Renovation Material: ...
  6. Wait to Purchase Home Items During Big Sales: ...
  7. Don't Do Everything at Once: ...
  8. Sell the Home's Old Materials to Purchase New Ones:
Jan 3, 2024

What adds the most value in a renovation? ›

Projects That Boost Your Home's Value
  • Remodel the kitchen. Updates to the kitchen pay off. ...
  • Upgrade the appliances. ...
  • Boost the bathrooms. ...
  • Remodel the attic or basem*nt. ...
  • Get decked out. ...
  • Boost curb appeal. ...
  • Improve energy efficiency. ...
  • Swimming Pools.

How can construction costs be reduced? ›

These are some ways to reduce construction cost during the design phase of a building project.
  1. Reduce scope. ...
  2. Reduce complexity. ...
  3. Change materials or systems. ...
  4. Consider material alternatives. ...
  5. Use software to stay on budget. ...
  6. Streamline communication. ...
  7. Reduce excess construction waste. ...
  8. Eliminate change orders.

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