Sometimes unexpected expenses arise. One of those unexpected expenses could be for an emergency home repair such as your furnace going out, plumbing issues, broken pipes, etc. There are some things you can do to help keep that cost down.
1. Find out if you can make installment payments to the contractor. If you don’t have all of the money on hand see if you can make payments over time so you don’t have to borrow more money. Spreading out your payment over time can help you from having to use all of your cash on hand.
2. Are you getting a good price on the product you need? You can shop around for the part you need. You may be able to find it cheaper online or check several providers for the best price. The key here is to shop around for your purchase, you don’t have take the first offer you get.
3. Ask yourself if the repair is truly an emergency? Is it something that can wait or is it something you can do without for a while? If it isn’t a true emergency then put it off for a future date. Then you can put aside some money every month until you have the full amount saved you need to repair it.
4. Can you do part or all of the labor yourself? Usually the most expensive aspect of a repair is the labor for someone to fix it. If you can do the labor yourself you will only have to pay for the part. There are several resources online that you can use to help you in your repair. Many times you can even find do it yourself videos on You Tube that can show you exactly how to repair it.
5. Can you finance the purchase? Check to see if you can finance the part and or labor. Look for a good deal on financing, and check to see if there are any specials such as 6 months interest free. Again you can shop out your options, don’t take the first one you find.
By answering these 5 questions you may be able to save yourself some money on your next emergency home repair. All it takes is a little bit of time to do your research and shop out your purchase.