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How to Cut a Home Renovation Project’s Cost

Getting bids from at least three contractors will give you a good sense of the market, and also provide some bargaining power.

In a Consumer Reports national survey of general contractors 96% said they would be willing to negotiate the price of a job.

Now, conventional wisdom holds that you should always throw out the highest bid. But if you think that’s the best contractor for the job, it’s worth trying to negotiate a lower price.

Keeping the business of repeat customers was the biggest reason to haggle cited by 75% of contractors,who reported offering a 10% median discount.

So if there’s additional work coming down the line, definitely mention that during the negotiation process.

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