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How to Hire a Contractor Without Busting Your Budget

How to Hire a Contractor Without Busting Your Budget

At some point, you may realize that taking on a DIY project is not going to work. When this happens, it’s time to call in a professional. It’s time to consult with a contractor.

The primary benefit of a DIY job is that you don’t have to pay for the services of a professional. As you know, this can save you thousands of dollars.

While there is no denying the fact that a contractor will set you back a few bucks, there are steps you can take to stay on budget.

1. Get more than one bid. The last thing you want to do is hire the first contractor you meet with. Even if this person says all the right things, don’t stop there. Instead, receive a minimum of three bids before making a final decision. This gives you the opportunity to learn more about what the contractor offers, while also seeing which one has the lowest price.

2. Stay on track. When you hire a contractor for a particular project, stay the course from beginning to end. Even if there are other things you want the person to work on, stay away from this for the time being. As you add more to the project, your overall cost will begin to climb.

3. Find out if there is any way to secure a discount. For example, some contractors will knock five percent (or more) off the price if you pay in cash. You might as well ask if this is a possibility, as long as you are comfortable paying in cash for the entire project.

These basic tips will allow you to hire a contractor without busting your budget. You may go into this process thinking that you will spend more than you want, but it doesn’t have to end up this way. 

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Comments 1

Frank on Sunday, 22 May 2016 16:30

I have also heard people compensate the contractor based on the time to finish and staying under budget. That way both parties are properly aligned and compensated.

I have also heard people compensate the contractor based on the time to finish and staying under budget. That way both parties are properly aligned and compensated.
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Monday, 26 August 2019

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