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Home renovation is often less expensive during a recession. Contractors may be willing to give you a deal on labor costs because they’re looking for more work during slow economic times. However, waiting to do a necessary home remodeling project while trying to predict the ebbs and flows of the national economy is overthinking the timing of the project. It’s easier to focus on determining when is the best time of the year to remodel.

Yes, it could be worth buying and remodeling an old house. You can potentially purchase an older house for a lower price than a newer house. With less of an upfront investment, you can devote more of your budget to the remodeling work. If you’re thinking of remodeling an old house and then reselling it—called house flipping—focus on projects that deliver the best ROI for home improvements.

There are several ways to save money on a bathroom remodel through proper planning and savvy design strategies. To reduce costs, consider the following:

• Purchase your own materials: Buy your own bathroom fixtures, hardware, and other materials to avoid contractor upcharges and delivery fees.

• Shop smart for big-ticket items: Save on pricey items like tiles and tubs by shopping sales and at discount stores.

• Avoid major layout changes: Keep plumbing in its current location. Opt to replace fixtures rather than moving them to avoid significant renovation work.

• Focus on high-impact, low-cost updates: Make affordable but impactful smaller changes, such as upgrading hardware, installing new lighting, and adding stylish but economical accessories.

• DIY where possible: Handle easier parts of the remodel yourself, like painting or installing light fixtures, to save on labor costs.

• Time your remodel strategically: Consider remodeling in the spring, which tends to be a lower-demand time of year and may result in lower costs.

The impact of a walk-in tub on home value depends on various factors, including market demand, demographic preferences, and overall home features. While some buyers may view it as a desirable accessibility feature, others might see it as a niche amenity, potentially limiting the pool of interested buyers. However, it could add value if the walk-in tub meets specific needs or enhances the property's appeal to a target demographic. Ultimately, its effect on home value varies case by case, with factors like installation quality, design, and neighborhood trends playing roles in determining its impact.