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Is it advantageous to provide some of my own labor when during my remodeling (or building) project?
Providing your own labor can provide you with the biggest savings in any owner builder project … whether remodeling or building a new home. Labor is a big factor in any such project.
But, are you knowledgeable, skilled, and able to put in the time? My advice is to never perform your own labor unless you possess the following:
· Time: You should know that you can perform the work without jeopardizing your time and effectiveness at work.
· Ability: Attempt only work that falls within your skill-sets. Sometimes friends and co-workers can provide the skill and that’s okay too.
· Speed: As they say, “time is money”. In building this is also true, especially if you have a loan that you’re paying interest on.
Finally, keep your overall goal in mind. Are you focused on saving the most money, getting more of what you want in the home, or are you really wanting to maximize your enjoyment of the entire process?
If you can perform the work well and it’s very enjoyable, then go for it!
