Should you tackle that home improvement or maintenance project yourself, or should you hire a professional?
It's time for spring cleaning and home maintenance after a long hard winter, and time to get ready for summer. For some of us, it doesn't matter whether it's changing the fixtures or remodeling the bathroom. We call in the professionals. For others, home improvement and maintenance is a hobby or a necessity. Deciding whether to hire a professional or do it yourself depends on the project and the most important question: What's it going to cost?
HomeAdvisor.com, a local services home improvement marketplace, released its 2015 True Cost Guide Report, which gives some insights into cost comparisons and trend data surrounding home projects. The survey found that when homeowners hire out, they spend an average of $3,100 on a home improvement project. At an average of $500, home maintenance projects cost less, but more homeowners are hiring out for this type of project.
The report also took a look at why people research projects costs. One-third do so to find out if they received a reasonable bid, a quarter search to help with budgeting, and 20% are researching to help them decide if they should do the project themselves.
They also found that millennials are more inclined to tackle a DIY project. Sixty-four-percent (more than any other age group) will attempt to complete the project themselves if they think hiring a professional is too expensive. Another reason people decide to DIY? Because price information isn't available. Almost half of all homeowners will attempt a home improvement project on their own when they can't find reliable cost information.
But cost isn't the only factor that should determine whether you hire a pro or do it yourself. It's important to realistically assess your abilities before tackling a project yourself. A fumbled attempt can cause costs to skyrocket if you have to hire a pro to come in to undo and redo your work.
The Internet can make DIY projects look a lot easier than they are. Start small. Instead of painting your entire house, start with one room and see if the time investment, skill required and results are worth it to you. Look for projects that you can reasonably complete in one day and with tools you already have on hand. Think very carefully before taking on a project that requires permits or messing with plumbing, electrical or the structure of your house.
If you do decide to hire a professional, the Federal Trade Commission suggests that you get several written estimates. Don't automatically go with the lowest estimate. Ask for the reason behind the price difference. Find out how many projects similar to yours they have completed. Get a list of references, preferably from similar projects. Check their qualifications like licensing and insurance they carry. Find out if your project will require permits. Ask if they will be using subcontractors and if so you will want to check on the subs licensing and insurance coverage. Be sure to find out if they use subcontractors is there a fee that they tack on as the contractor. Many times you can save money if you get the estimate locked in as opposed to going with Time & Material rates.
From doing it yourself or hiring a contractor to avoiding home improvement scams, check out the tips and advice at the FTC website.
Save money but get the job done right. Do your research before you DIY.
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