Buying Building Supplies
Irrespective of whether you have hired a general contractor or whether your designer has specified all building materials and fixtures needed, you may still have to go shopping.
Maybe you are the general contractor for your home or by profession. Maybe you want to save money by scouting for deals.
Home building supplies and cheap!
Sounds like a paradox. But doesn’t have to be so.
Here are some tips to help you find the best deals on building supplies.
The Builders Discount
Every homeowner is a de facto builder. But they rarely act like one. Start by acting like one and seek discounts everywhere you shop. Be it for electric supplies, plumbing or lumber, ask for the builder’s discount.
You may or may not qualify for it. Because some suppliers have a monthly minimums that allow builders to qualify for such discounts. Deeper discounts are usually available to the contractors who have a significant volume of business.
If you have a small DIY project, then you may be refused the discount. If the answer is no, ask them why.
If you are eligible for a discount, it may vary depending on what you are buying.
Most suppliers offer free doorstep delivery. But ensure that they do it by confirming it before placing the order. If a supplier offers ‘sidewalk’ delivery, it means that the material will be delivered only as far as the sidewalk. So, if you want the materials on the fourth floor, you will have to arrange for the manpower to get it there.
There will be price cuts and close-out deals on specific days that you can use to your advantage. This requires homeowners and general contractors to plan in advance and have a ready place to stock the building materials.
If you are a homeowner, then this can prove to be problematic as you may not always have the space to store large items like wooden planks. However, you can still shop for essentials that does not require too much space to store. Paint, for example.
Labour day, President’s Day and Thanksgiving are some of the days when building supply stores have deals. Keep an eye out for announcements on the internet or in newspapers.
If you have to pay for all the building supplies when you buy them, it may become cumbersome to manage the cash flow. However, you can open an account with the supplier by establishing your credit worthiness. Once a supplier establishes this, you will receive a 30 day credit term in which you can pay for the supplies.
This means, that if you have purchased OSB planks for the roof on the 10th of this month, it doesn’t have to be paid for right away. You have until the 10th of the next month to pay for it. Having said that, some suppliers also offer an additional 1 to 2% discount for contractors who pay at the time of purchase. If you wish to avail of such discounts, plan your cash flow in advance.