From CNN Money.
"Ask any homeowner who has done an improvement on the cheap: You get what you pay for. Second-rate materials don't last and contractors who make low-ball bids rarely deliver fine craftsmanship.
Fortunately, there are a few effective ways to get good quality for less. One is simply to renovate during an economic slump like this one: Contractors who are eager for work tend to be more willing to cut deals. Here are five other time-tested strategies."
1. Think off-season
2. Look for a mom-and-pop contractor
3. Combine small jobs
4. Get a tax deduction
5. Put in some sweat equity
See original article link above for details on each.
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