Cutting the cost: How to save money on building materials

When it comes to building or renovating your house, about half of the cost will be in building materials and supplies. Reducing said costs can affect the total figure dramatically, so it's definitely worth putting in that extra bit of effort to save a potentially large amount of cash.

From bricks, timber and concrete to plumbing materials, tiles and paint, you can end up saving a huge amount of money if you get any of these products for cheaper. There are a few tips that you can follow to have a good chance at getting the prices down.

Tips on purchasing building supplies at a cheaper price

If you've hired a building contractor, chances are that they'll purchase materials at wholesale price, then mark up the cost to make a profit. This is standard practice, as they have to make their money for the services provided. However, some may let you organise building materials and then just charge you for labour. Also, if you're an owner-builder, you'll have to organise your own supplies. Some tips for getting the prices down include:

• Do some research and find out which places sell materials to building contractors at wholesale prices. You'll find that some will not sell to owner-builders at wholesale prices; however, others will, so compare prices for the ones that do.
• When comparing prices don't forget to ask about delivery fees.
• If you're demolishing all or part of your previous house, save any materials that are good enough to re-use.
• Look for local products. Local materials will sell for a lot cheaper than imported building materials, so go for this option if you find something suitable.
• A lower grade doesn't always mean poor quality. For example, you don't need to purchase the most expensive tiles, timber or bricks in order for your house to be durable and look good.

As always, ask friends and relatives who have built or renovated their homes recently if they have any spare materials left over. If so, try negotiating a price that works for both parties. You may also find a friend who has connections with someone in the building supplies industry that can help you out.