Price trend: Contractors, still facing a slumping real estate market, will strike a deal to get your business. In a May survey by consumer review website Angie’s List, 81% of contractors say they’d negotiate labor costs; more than a quarter say they’d drop prices by more than 10%. Service providers like house cleaners and landscapers are cutting rates, too.
How to save: Get multiple price quotes. You’ll have the most bargaining power if you can be flexible about the timing of your project. If a builder won’t drop his price, see whether he’ll upgrade you to higher-end fixtures, says Steve Gonzalez, author of “Before You Hire a Contractor: A Construction Guidebook for Consumers.”
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