Doing home improvement projects yourself can save you money. My frugal father once taught himself how to put a brick mailbox back together after I backed into it with my car, saving us both $500.
Then again, DIY projects can also cost you more money if you end up DIW (doing it wrong) and then have to hire a professional.
So how do you know when to go it alone or go with a pro? Money Talks News founder Stacy Johnson shares his checklist that can help you decide in the video below. Check it out and then read on for more tips on DIY home improvement projects…
In the video, Stacy interviews a contractor who says DIY projects gone wrong can end up costing 50 percent more than if the project was done right the first time. So how do you decide? Here's a checklist…
1. Does the project take specialized knowledge?
Some projects (like installing an HVAC system) take more than practice. If the project you're considering requires a special skill or inside knowledge you don't possess, hire a professional. Here's a quick list, although even the DIY projects aren't necessarily for everyone…
Do it yourself:
Hire a professional:
2. Will you need special tools?
Many home improvement projects only require the tools you already own or ones you can rent. If you don't own them and can't rent them, don't buy them. Hire a professional who already owns the tool and save yourself the cost of buying an expensive piece of equipment you'll only use once.
3. Is the project large or in a highly visible area?
If you're not an expert at doing something in a key area of your home, it may turn out bad and look worse. For example, I built some shelves in my bedroom. They don't look great, but no one sees them, so I don't mind. But I wouldn't have installed the tile in my kitchen. I see that floor every day and so do my family and friends. I want it to look professionally done.
4. What would a professional recommend?
If you know a contractor, ask him if he thinks you can handle the project on your own. If not, ask a hardware store clerk. Some clerks know a lot about their specific departments and will give you an honest answer. And while you're at it, find out if the store offers free or low-cost clinics that teach the skill required.
5. Will the savings be worth it?
In my opinion, spending 45 hours on a project isn't worth it if I'll only save $100 off the cost of hiring a professional. I'd rather pay the money and preserve my free time, but the true cost vs. value of time is up to you. Before making that decision, check out DIYorNot. The site compares the cost of hiring a professional with the cost and time of doing it yourself on hundreds of improvement projects.
6. Is there danger involved?
Making a mess of your entire house isn't the only risk to a DIY project. In some cases, you could be seriously injured. Don't risk falling off a roof or electrocuting yourself. Hire a professional.
If you decide to DIY…
There are several great resources for DIY home improvement projects. Check out:
If you decide to hire a pro…
Take these steps before you hire a contractor; you'll save money and aggravation.
Deciding between a do-it-yourself idea and a professional contractor isn't the only way to save money on home improvements. Check out 23 Ways to Lower the Cost of Home Improvement for a ton of tips or How to Remodel Your Kitchen for Less Than $5,000 if you want to improve your cooking space. And if you're planning on selling, check out 5 Home Improvements That Won't Sell Your House before you get started.
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