4 Ways To Save Money When Investing In Tools

Buying The Right Tools 4 Ways To Save Money When Investing In Tools

There's a lot of incentive to become handy around the home. By being able to fix small problems around the home, you can get repair work done much faster, and at a much lower cost than when you hire a handyman to do the job for you. Over time, the costs of this in-home repair work can add up over time when you're selling out money for someone else's labor costs.

Some people are deterred from doing their own repair work, though, for two reasons. Not only are they unfamiliar with the procedure in many cases, but they also lack the proper equipment and are reluctant to spend so much money assembling a suitable stockpile of tools. In many cases, homeowners don't want to commit an entire room -- or a huge section of their garage -- to storing all of these tools.

If that's the case for you, you might be encouraged to know that many multi-task tools are hitting the market and earning rave reviews for their ease of use and compactness. With the right equipment, you can assemble a great toolbox at a low cost and be ready to tackle a wide range of home repairs.

The essential tools

Some tools you can count on using over and over again, and they can be purchased at low prices at any hardware or department store. These basics include a hammer, pliers, a crescent wrench, measuring tape, and a box cutter. You can get these tools and others in a basic tool kit, which are often available at great prices and will provide a good foundation for your do-it-yourself repair work

Useful supplies

In addition to tools, some materials will prove valuable time and time again in your various home projects, so feel free to stock up on these in advance. Teflon tape is great for a variety of uses, and wood glue will come in handy whenever you're repairing a wood feature or furniture item. Invest in several different types of screws, nails, bolts and washers to give you options when securing something. Purchase WD-40, which is great for stubborn screws and bolts, jammed hinges and other moving metal parts, and collect a small box of wood scraps that you can use without worrying if they get damaged or not.

Your best bet: multi-purpose tools

The savings -- and simplicity -- really start to add up when you can start adding multi-purpose tools to your collection. These items pack an entire collection of tools into a single implement, and usually at a huge savings. Invest in these products whenever you can. For example, a pocket precision screwdriver will come equipped with a number of different bits, eliminating the need for a whole collection of individual screwdrivers -- including some you may never use.

A rotary tool also has a lot of tool options, as does a multi-tool -- you can get a small sander, a pipe-cutter and much more in one convenient package. Also consider a precision adjustable wrench to replace a heavy and costly wrench collection.

Ease into power tools

While expert handymen gravitate toward cordless power tools, these aren't cheap. If you're just starting out, consider power tools that use cords and see how these go. These tools will be much less expensive, and if you really embrace life as a do-it-yourselfer, you can always upgrade later.

When it comes to picking out tools, there is definitely an expensive way and an economical way to do it. Don't overwhelm yourself with costs that never translate to value. Invest in tools gradually and start learning home repair and maintenance skills to save money in the long run and become more self-sufficient.

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