Here's How Much Money You'll Save Using Costco's Home Renovation Service
A shopping trip to Costco usually brings to mind a collection of household goods, such as a package of paper towels, a rotisserie chicken for dinner, and maybe a sheet cake for a birthday celebration. Being a Costco member carries many perks and chances to save money, but many people are not aware of one particular opportunity: their home improvement services. You can enroll in these services to complete a home renovation project and save money in the process. There are a number of ways to do so, including cash-back rewards that are included in the purchase of the service, as well as rewards that derive from being an Executive member or holding a Costco Citi Visa card.
Costco's home improvement services are similar to what home improvement stores offer, including the installation of items such as solar panels, countertops, new flooring, gutters, and HVAC systems. You can remodel your bathroom, put in custom blinds, reface your kitchen cabinets, and even register for expert home organization services. Costco doesn't carry a large inventory of these items on its shelves, however, so you won't see aisles of draperies and blinds to choose from. Instead, Costco contracts with an outside vendor to supply the goods and services for these projects, and then it offers its members several opportunities to save or earn cash back on these purchases. Here are more details on the ways that Costco's home services can save you money.
Free consultation
Maybe you've decided it's time to install a new carpet in your home, especially after years of pets and toddlers have taken a toll on your floors. If you choose Costco to help you complete this project, they will contract with a selection of third parties, such as Shaw Flooring, to send a representative to measure your space. This initial step is the first way that Costco will save you money on your project. The flooring representative will provide a professional in-home consultation for free, completing a professional measurement as well as providing a number of flooring samples to consider in your home.
Many home improvement stores will charge a non-refundable fee for this same type of service. The deposit can later be applied to the cost of the flooring installation, but if you decide to choose a different provider, that fee will not be reimbursed. These other stores also offer free flooring samples, but only after the deposit has been paid for the consultation. Of course, it's possible to visit a home improvement store and view their samples in person, but you lose the advantage of evaluating these samples in the atmosphere of your home. Costco's offer to coordinate the measurements and the opportunity to evaluate flooring samples for free in your own home is the first advantage to contracting your home improvement project through them.
Cash-back rewards
Another advantage of using Costco's home renovation services is the opportunity to earn cash back from the cost of the renovation. When you sign up for a home improvement service, you will receive a Costco Shop card that is equal to a percentage of the pre-tax amount spent on the renovation, usually 10% to 15%, depending on the service. The Shop card is essentially a gift card that can be used to shop for goods in the Costco warehouse. If you decide to install new carpet in your four-bedroom home, for example, the cost could range from $2000 to $9000. That means there is the potential to earn an estimate of up to $900 on a Shop card to be used for groceries or other household needs in the store. This type of savings can become significant and prove to be helpful with shopping expenses.
Another way to earn cash back is by enrolling in Costco's Executive Membership program. One of the perks offered to Executive members is the chance to earn 2% cash back each year on purchases made at the store, including home renovation services. In addition, holding a Costco Citi Visa card will also provide you with 2% cash back on purchases made, not just at Costco but anywhere that a Visa is accepted. These opportunities to save money through Costco's home improvement services can add up, and they have the potential to help your budget as you plan your next remodeling project.