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? ›

12 Ways to Save on Home Renovation Costs
  1. Create a Budget. Before you begin your home improvement project, it's vital to have a detailed budget. ...
  2. Get Your Permits in Order. ...
  3. Reuse Materials. ...
  4. Buy Materials Yourself. ...
  5. Shop at a Building Supply Reseller. ...
  6. Do Your Own Painting. ...
  7. Consider Knockoffs. ...
  8. Refinish Your Floors.
Jul 12, 2023

Are HGTV renovation prices realistic? ›

"HGTV pays for some labor or costs to expedite production if needed, but generally, homeowners are paying for their services. And, they may have access to discounted services or goods." So a new kitchen island that costs $1,000 might actually cost $3,000 if the homeowners weren't being featured on a TV show.

How much should you spend on renovating your home? ›

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.

Is it cheaper to rehab or buy a house? ›

Q: Is it cheaper to renovate your house, buy a used one or build a new one? A: It's almost always less expensive to renovate an existing house than to buy used or build a new one. It's easiest to break the numbers down by square foot, keeping in mind that costs are highly variable based on location and market shifts.

How do you negotiate renovations? ›

1) Always negotiate a maximum guaranteed price with the contractor. This means placing a limit on the amount of money that you will pay the contractor for all of the work performed. This is called a maximum guaranteed price. Make sure that your contractor agrees on the maximum guaranteed price in writing.

How to keep costs down when renovating? ›

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

Do any HGTV shows pay for renovations? ›

Does HGTV pay for the renovations? There's a common assumption that making it on a show comes with a free renovation, or at least discounted goods. On the contrary, homeowners have to come up with the money for the projects.

Which HGTV show is the most real? ›

Here, the two experts rank these eight shows on HGTV, from least realistic to most realistic, based on their professional experience.
  1. “My First Place”
  2. “Property Brothers” ...
  3. “Fixer Upper” ...
  4. “Love It Or List It” ...
  5. “Beachfront Bargain Hunt” ...
  6. “Flip or Flop” ...
  7. “Tiny Luxury” ...
  8. “House Hunters” ...
Sep 21, 2018

How do you know if a renovation is worth it? ›

The Bottom Line

Homeowners should consider the value they'll receive from any remodeling project over any cost recovery that might be available from a sale. But they should research local real estate guides to determine which projects are most likely to pay for themselves when contemplating two equally useful changes.

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

Here are the top 10 most expensive home repairs:
  1. Foundation repair. ...
  2. Roof repair. ...
  3. Repair or replace hot water heater. ...
  4. Termite damage. ...
  5. Water damage. ...
  6. Repair or install new pipes. ...
  7. Heating/AC repair. ...
  8. Mold Removal.
Mar 13, 2024

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

A $100,000 renovation budget can go a long way in transforming your living space and enhancing your home's functionality and value. By partnering with Multigroup Contracting, you can make the most of your budget and create a beautiful, custom home that meets your needs and exceeds your expectations.

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.

Why does no one want a fixer-upper? ›

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 is the difference between renovation and remodel? ›

Definitions. Technically, a renovation and remodel are defined differently. While a remodel changes the form of something (like adding a new shower to an existing bathroom), a renovation focuses more on restoring something old into good repair (fixing up a creaky floor, for example).

Is renovating an old house worth it? ›

Old houses can be bought for less. If you're looking for a true fixer-upper, you'll likely pay less than you would for a new home. And if you do the renovations yourself, you can save thousands of dollars in the long run and you'll end up with a great investment.

How can construction costs be reduced? ›

Value Engineering
  1. Reducing Square Footage. One way to dramatically reduce costs is to just reduce the square footage of the entire home. ...
  2. Choosing a Stock Design. ...
  3. Reducing Lineal Feet of Logs. ...
  4. Opt for a Simple Roof System. ...
  5. Use Drywall on Interior. ...
  6. More Modest Kitchen. ...
  7. Don't Take a Bath on Your Bath. ...
  8. Avoid Change Orders.

Why are remodeling costs so high? ›

In the last 18 months rising inflation, rising fuel costs, and global supply chain issues are having a major impact on the cost of building materials & labor costs. Commonly used construction materials (like dimensional lumber, cement, and paint) have seen a 15% to 25% price increase since the summer of 2021.

How to remodel a house on a budget? ›

19 Ways to Save on Your Home Remodel
  1. Increase Efficiency, Not Size. Anthony Tieuli. ...
  2. Bring in Natural Light Without Adding Windows. Jared Kuzia. ...
  3. Hit the Recycling Center. ...
  4. Donate your Trash. ...
  5. Do Your Own Demo. ...
  6. Consider Long-Term Costs, Not Just Short-Term Gains. ...
  7. Tap Your Contractor's Sources. ...
  8. Consult an Architect.

How do I get the most out of my remodel? ›

8 Home Remodel Tips for a Successful Renovation
  1. Define your goals for the project. ...
  2. Make a budget ahead of time. ...
  3. Prepare your home for the remodel. ...
  4. Choose high-ROI home improvements. ...
  5. Hire an experienced contractor. ...
  6. Stay in touch with your contractor throughout the process. ...
  7. Plan for the unexpected.
Jun 27, 2023

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