Materials you use can help save money

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Remodeling a home can be exciting for both new and existing homeowners. Some home improvement projects can help boost the real estate value of a property or help owners attract more buyers if they decide to list their homes for sale. However, many home improvement projects can be costly if individuals purchase the materials outright or hire a contractor to complete the job and buy building items.

There are several ways consumers can save money on home improvement projects without sacrificing quality.

Use reclaimed materials

Reclaimed materials can be a cost-effective option for homeowners who are making small repairs or improvements and are trying to stick to a tight budget, according to Fox Business. Reclaimed materials are those items that were previously used in a building or home. Homeowners can find these materials at home improvement stores and building stores at a steep discount. These retailers sell materials that can be used in a variety of projects, ranging from replacing doors and cabinets to laying down new countertops and updating bathrooms, the news source explains.

In many cases, individuals may save between 30 and 60 percent of the original cost. The only downside to using reclaimed items is that consumers may have to stick to smaller projects, rather than large-scale updates, because retailers may not have the inventory to fuel a big project.

Shop at outlets and warehouses

Shopping at big-box chains can be a convenient way to purchase the materials you need. However, visiting outlet stores and warehouses can be more cost-effective. These locations typically mark down products significantly and carry items in bulk. Many warehouses also carry sets of materials that were returned or overstocked, so they will be in good condition and in some cases, brand new. Further, many warehouses offer significant discounts that can range from 30 to 75 percent off the original cost.

Consumers may run into the same problems that are associated with purchasing reclaimed materials, namely because low prices attract homeowners and inventory supplies may run out quickly. However, those who are completing small projects that do not need to be undertaken immediately can save significantly by shopping in a variety of locations to collect the materials they need.