Cost of Home Renovations Down Overall and Even Lower in the Winter
Homeowners have seen a lot of bad news in recent years. They have watched the value of their homes fall, sometimes to the point where they owe more on the property than it is worth. If you are a depressed homeowner this season, here is some good news. The cost of home renovations is down.
If you priced a specific home improvement five years ago and decided the cost was just too high, try getting another estimate. Contractors are charging a lot less, primarily because they are building fewer new homes. They have plenty of time on their hands and they are going after the remodeling market.
These are experienced contractors that do excellent work. These are not guys that are new to the business and trying to attract customers by offering low prices. Homeowners that have had renovations done in recent months have been very satisfied with the results.
Of course, it is always a good idea to check out the contractor’s references and credentials. There are always some con-men out there. A good rule of thumb is to never sign a contract with anyone that seems to be going door-to-door. The real contractors may be in need of work. But, they are not that desperate.
Not only is this a good time for home renovations because of the recent recession. It is also a good time, because it is wintertime.
While the condition of your air conditioning system might seem like something weird to think about right now, you could save a bundle by getting a new system installed right now, while it is cold. HVAC contractors reduce their prices on air conditioner installation by 50-60% during the winter months.
If your AC goes out in July, it could be weeks before a contractor has the time to come and look at your problem. Something as simple as AC servicing will cost less in the winter and you won’t have to wait for weeks to get the serviceman to get an appointment.
Other contractors charge less in the winter months, too. They are particularly slow during December and January. People have holiday shopping on their minds in December. They are often recovering from the money they spend during January.
So, you can probably save money on just about any project you want done. About the only thing that costs extra during the winter months is heating system repair.
Depending on where you live and the kind of work you have done, you may be eligible for some end-of-the-year tax credits. There are a number of programs in place for tax credits on energy efficient improvements, like a new air conditioning system. The contractor might not be able to complete the project by the end of the year, but you should still qualify for the credit, if you pay for the improvement by December 31st.
One more way to save money is to post your job at homeimprovement411.ca. The site allows homeowners to get bids from different contractors. Since they are bidding against each other, you get a great price.