A recent study by Environmental Magazine shows that the average power tool is only used for about 30 minutes in its lifetime. So, instead of buying tools, think about renting them to save big.
Right off the bat, renting tools will save storage space and money since you're paying per use. In many cases, you'll be able to try out newer makes and models without the commitment of owning. Plus, renting keeps you from having to worry about the cost and trouble of maintenance.
Renting tools is also pretty convenient. Big box stores like Home Depot and Lowe's rent a wide variety of name-brand tools and can charge by the hour, day, week or even month, depending on your needs.
For example, you can rent a 20-inch gas chainsaw at Home Depot for about $65 a day. That's not bad, considering buying one from the store can cost anywhere between $200 to $500.
You can sometimes find even cheaper rentals from sites like Yelp, Zilok, NeighborGoods. However, the No. 1 spot to check out is Craigslist. If you happen to have a garage full of tools already, these sites are also great places for you to make a few bucks by renting out your own equipment.
Remember, when it comes to small, single projects, renting your tools can help you and your budget work smarter, not harder.
Rent to Save on Power Tools -- Savings Experiment
The kitchen is still considered the heart of the home. For a few hundred dollars, you can replace the kitchen faucet set, add new cabinet door handles and update old lighting fixtures with brighter, more energy-efficient ones. If you've got a slightly larger budget, you can give the cabinets themselves a makeover.
Rather than spring for a whole new cabinet system, which can be expensive, look into refacing the ones you have. ... Unless the cabinets are mica, a fresh coat of paint can also do the trick.
If your kitchen appliances don't match, try ordering new doors or face panels from the manufacturer. Many dishwasher panels are white on one side and black on the other. It can be as simple as removing a couple of screws, sliding the panel out and flipping it over.
Simple things like a new toilet seat and a pedestal sink are pretty easy for homeowners to install, and they make a big difference. You can replace an old, discolored bathroom floor with easy-to-apply vinyl tiles -- often applied right over the old floor.
If your tub and shower are looking dingy, consider regrouting and replacing any chipped tiles. A more complete cover-up is a prefabricated tub and shower surround. These one-piece units may require professional installation but can still be cheaper than paying to retile walls and refinish a worn tub.
New paint makes everything look clean and bright again. And don't forget the ceiling. Paint the trim a contrasting color.
Another option: Paint a wall three different shades of the same color. Measure equal sections and use painter's masking tape to mark off each area. Do the bottom of the wall first with the darkest shade. Once it dries, do the middle section with the next lightest shade and so on.
Old houses, particularly, are notorious for their lack of closet space. If you have cramped storage areas, add do-it-yourself wire and laminate closet systems to bedrooms, pantries and entry closets.
Firms like ClosetMaid allow you to measure and redesign your closets online. You can also get design details and parts for these systems at many large home-improvement stores.
Most closets can be updated in a weekend or less.
Finley Perry of F.H. Perry Builder in Hopkinton, Mass., advocates spending a few bucks on nitty-gritty stuff. "It's often very worthwhile to hire an electrician and plumber for a couple of hours to look over your electrical services, wrap or fix loose wires, fix any faulty outlets and check for and fix any water leaks," Perry says.
"Those details tell a buyer that someone has really taken care of the home and can really influence its price."
Carpeting is another detail that can quickly update a home and make it look cleaner. A professional carpet cleaning is an inexpensive investment, especially if your rugs are in good shape and are neutral colors.
If your carpet is showing serious wear, cover it with inexpensive, strategically placed area rugs.
Unless it is truly hideous, most real estate agents don't suggest replacing wall-to-wall carpeting right before you sell your house. The new homeowners may want to choose their own carpeting after they move in.
If you have boring recessed lights in your dining and living rooms, consider replacing one of the room's lights with an eye-catching chandelier. Home stores offer a wide range of inexpensive ceiling fixtures these days. Add accent lighting, instead of sticking with the two ordinary lamps that flank both ends of the sofa.
Spotlights that plug into existing outlets can direct light to features you want to emphasize, like art or plants. If you have a ceiling fan and light you can also buy replacement fan blades (leaving the fan body in place) to update the fixture's look.
Repaint or refinish that front door, and if you have a basic steel front door that has gotten dented, consider replacing it with either another inexpensive steel door or a fiberglass, wood grain door for slightly higher cost.
Next, replace that worn, flimsy little knob on your main entry door with a more substantial-looking handle-and-lock set. A nice, big piece of hardware signals newcomers that this is a solid home. Then, place two large planters on either side of the front door, with a profusion of healthy plants spilling out.
Although it sounds obvious, a nicely mowed lawn, a few well-placed shrubs and a swept walkway makes a great first impression. If you don't have a green thumb, consider hiring a landscaper to install some new sod, plant a few evergreen shrubs and give your front yard a good cleanup. These kinds of changes can instantly change people's perception of your home and, therefore, increase its value. Your neighbors will love you for it, too.