Down Town Amarillo

Down Town Amarillo

Thursday, July 14, 2011

3 Ways to Save on Home Costs.

1. Negotiate on repairs and upkeep

Clip Art - strategy. fotosearch 
- search clipart, 
illustration posters, 
drawings and vector 
eps graphics images

Price trend: Contractors, still facing a slumping real estate market, will strike a deal to get your business. In a May survey by consumer review website Angie's List, 81% of contractors say they'd negotiate labor costs; more than a quarter say they'd drop prices by more than 10%. Service providers like house cleaners and landscapers are cutting rates, too.

How to save: Get multiple price quotes. You'll have the most bargaining power if you can be flexible about the timing of your project. If a builder won't drop his price, see whether he'll upgrade you to higher-end fixtures, says Steve Gonzalez, author of "Before You Hire a Contractor: A Construction Guidebook for Consumers."

2. Trim the cost of borrowing

Price trend:: The average rate on a 30-year mortgage was 4.7% in May, down from 5.1% in February; it's expected to hit 5.8% next year, says the Mortgage Bankers Association. Some borrowers will pay more even sooner when jumbo loan limits expire this fall.

How to save: The recent rate dip has opened up another refinancing window. To save on closing costs, request a good-faith estimate before you apply. You can negotiate any fees the lender charges. You'll have the most wiggle room on adjustable-rate and jumbo mortgages.

Remodeling your home? Watch out for scams

3. Get a deal on furniture

Discount Furniture in Louisiana

Price trend: Higher shipping and materials costs are pushing furniture prices up, says Kimberly Causey, author of "The Furniture Factory Outlet Guide."

How to save: When sales slow in the summer, many mom-and-pop shops will make deals to move inventory, says Causey. Ask for 20% off, and don't settle for less than 10%. Gently used floor models can go for 25% off. Sign up for e-mails from furniture shopping sites like and, where a $2,970 Noir brand sofa recently sold for $1,499.  To top of page

No comments:

Post a Comment