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Updated over 9 years ago on . Most recent reply
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Buying Materials for Rehab
Hey everyone, have any tips for saving money for a complete rehab?
I just purchased one and I am looking for tips on saving money on building materials.
One good one that I came across was The Home Depot Volume Pricing (http://www.homedepot.com/c/Pro_VolumePricing). Check it out if you haven't heard about it.
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If you're going to be doing a lot of rehabs, my best tip is to worry less about saving every dollar, and focus more on figuring out how to systematize the process of buying and receiving materals on-site. I know many investors who will spend hours upon hours trying to save a few dollars, but don't consider that the 10 hours they spent saving $100 translates to a $10/hour job. Add in the time many rehabbers spend picking things up, driving them to the site, returning them, etc., you can start to see how saving a bit of money isn't really a long-term savings.
So, if you're going to spend time saving money on materials, do it by creating processes that making the procurement, delivery and return of materials as automated as possible.