-Making Your Money Work for You with Member’s Choice Credit Union- When to Leave it to the Pros

 

 

   In today’s world, when you can look up how to do practically any project online, it’s tempting to want to do everything yourself, but it isn’t always the best choice. Attempting to do a project on your own can sometimes end up costing more time, money, and mess than it’s worth. Here’s how to know when to do it yourself and when to leave it to the pros.

 

Home improvement projects you can probably do on your own

 

   While everyone’s level of skill and talent is different, these home improvement projects are simple enough for nearly everyone:

  Cosmetic improvements. This includes painting, wallpapering, wood staining, installing adhesive carpet tiles, and replacing the hardware on cabinets and drawers. Before you start, check out tutorials on YouTube for valuable tips and tricks.

 Minor plumbing jobs. Almost anyone can snake a clogged toilet, and most people can handle fixing a minor faucet leak, changing a showerhead, and even installing a toilet. Again, when it comes to DIY projects, YouTube is a wonderful plumbing mentor.

  Minor electrical work. Don’t try to rewire your home on your own (unless you’re a licensed electrician), but you can probably successfully install new light fixtures and change your light switch plates.

  Install tiles.  Think of a new backsplash for your kitchen, new tiles for your bathroom floors and walls, and new floors for your kitchen and foyer. You’ll need to research exactly how to lay tiles, using a notched trowel to spread your tile adhesive in horizontal strokes. If you’re not comfortable with installing your new tiles, you can still save a buck by removing your old tiles with a hammer and chisel before calling in the experts to lay your new ones.

 

Six questions to ask before tackling a project on your own 

 1. Have I done a project like this before? If this isn’t your first time doing a project like this, you can probably handle it now. If it is your first time attempting this kind of project, you may still be able to do it, as long as you’re prepared for the extra work and focus it will involve.

 2. Do I have a reliable resource to turn to with any questions that may arise? It’s best to be prepared in case you run into trouble mid-project. Get that contractor friend on speed dial!

 3. Will this project involve any structural framing? It’s best not to tackle projects that involve cutting through walls, as you run the risk of cutting through engineered lumber and trusses, which can then lose their weight-carrying capacity. If your project fits into this category, have a pro do the job or ask them for guidance before you begin.

 4. Will this job involve any electrical, plumbing, or HVAC work? Here, too, you run the risk of messing up structural elements of your home. If your project involves cutting through pipes and wires, it’s probably best to leave it to the pros.

 5. Do I have the resources to complete this job? Many homeowners are eager to start a project on their own and save on pro prices, but they neglect to consider how much time and money the job will take. It’s best to estimate how much the supplies and tools for the job will run you and how many hours of work you can expect it to consume. You may find the DIY route is not as desirable as you believed it to be.

 6. Will this job risk personal injury? Don’t risk your safety on a project that should be left to the pros.

 

Paying for a home improvement project

    Whether you decide to DIY or you’re going to call in the experts, a home improvement project can cost a pretty bundle. Consider tapping into your home’s equity through a home equity loan or a home equity line of credit through Members Choice CU to help you pay for the project. Increasing the value of your home is one of the best ways you can use your home’s equity.

Stay Awesome,

Tiffany Black,

CUBDP Manager

Business Development/Marketing

Members Choice Credit Union


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