Home improvement projects can present different challenges directly proportional the expertise and experience of the home owner. Any homeowner who doubles as a do-it-yourselfer usually quickly realizes when a job is a little more complicated than it should have been. Having the right tools for the project is essential to getting it done safely and on schedule. However, many homeowners and DIY’ers simply can not afford to own a vast arsenal of tools. Quality tools can cost a lot of money, but fortunately local tool rental agencies can solve this problem quickly. All the homeowner or DIY’er needs to know is how to figure out if renting a tool is better than buying.
While several factors come into play, the large and obvious one is related directly to cost. However, the other factor that needs to be realized is: frequency of use. No matter what a tool costs, if that tool is only going to be needed once, there is no real reason to buy. Of course, the versatility of the tool in question falls under this umbrella as well. For example, a cordless drill has a ton of applications which can merit a purchase, whereas a tile saw has a specific purpose which may merit renting. Owners simply need to accurately evaluate their renovation needs. Once those needs are evaluated, the list of required tools will fall together.
Once the list of required tools is put together, the individual projects can be broken out and prioritized. After a priority list has been finalized, the rental versus buy question can be answered. For example, if the only room in the house getting ceramic tile is the bathroom, which is slated to be renovated a year from the start date, purchasing an expensive tile saw seems a little over the top. Whereas, any DIY’er doing a lot of framing and finish work can easily justify purchasing an air compressor and nail gun kit, especially if several projects on the punch list involve the use of that specific tool. As a general rule, if a tool needs to be rented three separate occasions in the same year, a purchase is likely justified depending. However, that maxim depends greatly on the rental cost versus purchase price of the tool. Paying $15 a day to rent a saw over the course of three days two times a year is fairly close to purchasing a $100 saw.
Local tool rental companies can be a great asset for completing renovations without spending a lot of money. Once homeowners identify their rent versus buy needs they can even spend a little more on materials or pocket the additional savings. Still, homeowners and do-it-yourselfers planning on doing a lot of their own work must plan carefully to be certain they are getting the most possible performance out of their budgets both in the long term and the short term.