DIY Home Remodeling – Saving Money With My Own Labor
Handy homeowners save money. But, is there a limit to what you can do? So many people desire to participate in physical DIY labor in their home building and remodeling projects. You should be careful, however. There are pitfalls.
Question: Is it advantageous to provide some of my own labor during my remodeling (or building) project?
Answer: Providing your own labor can provide you with the biggest savings in any owner builder project … whether remodeling or building a new home. Labor is a big factor in any such project.
But, are you knowledgeable, skilled, and available? My advice is to never perform your own labor unless you possess the following:
Time: You should know that you can perform the work without jeopardizing your time and effectiveness at work.
Ability: Attempt only work that falls within your skill-sets. Sometimes friends and co-workers can provide the skill and that’s okay too.
Speed: As they say, “time is money”. In building this is also true, especially if you have a loan that you’re paying interest on.
Know your strengths and weaknesses. If you don’t have a well-designed plan of action, you must prepare one or find someone to provide one. Having these three attributes without a game plan can be dangerous.
Do You Know Exactly What You’re After?
Finally, keep your overall goal in mind. Are you focused on saving the most money, getting more of what you want in the home, or are you really wanting to maximize your enjoyment of the entire process?
If you can perform the work well and it’s very enjoyable, then go for it!
Just be sure you execute your plan properly.