Finance

3 Ways to Save Money in Home Depot

A man selects pieces of wood at a large home improvement store.

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You can spend less on maintaining and repairing your home.


Key points

  • Home Depot is a popular shopping destination for homeowners.
  • Careful planning can save you money on home improvement and repair purchases.
  • Consider renting tools that are rarely used, check for discounts, and go with a list of the right items to buy for the project you’re working on.

I don’t think I ever set foot in a Home Depot store until I became a homeowner. But since I bought the house, I’ve made a lot of trips to my local Home Depot for a variety of reasons, from picking out paint colors to helping my husband stock up on home improvement supplies.

Now, over the past 13 years or so, I’ve built up a pretty hefty credit card for Home Depot purchases. But whether you’re a new homeowner or a seasoned one, there are steps you can take to spend less money at Home Depot — and save more. Here are some tactics to employ.

In our house, we have a room in the basement that is dedicated to my husband’s tools. Some of them are things he uses regularly. Others have probably not been touched for several years.

As such, a few years ago, I made a rule – we would only buy tools from Home Depot (or any store, for that matter) after crunching the numbers and making sure it was the most economical route. And you might want to do the same.

In general, you can save money at Home Depot by renting tools that you expect to use for only one project. Not only might you spend less, but you won’t have to worry about finding room for another tool.

However, in some cases it can be the opposite – it can be more cost-effective to buy a tool rather than to rent it repeatedly. You’ll need to think carefully about your needs and expected usage when making that call.

2. Check if your purchase qualifies for a rebate

Some items you buy at Home Depot may qualify you for a rebate. And there’s an easy way to find out.

Home Depot has a rebate center you can access that will tell you if you should get a refund. However, as a general rule, be sure to save your receipts in case you need to submit them for rebate purposes.

3. Research your home improvements and repairs to get the right materials right from the start

It’s a joke (and not so funny) that every time my husband goes to Home Depot, it ends up resulting in at least one extra trip for buying the wrong items. If you want to save money at Home Depot, take some time to figure out exactly what you need for your upcoming home improvement or repair job so that you buy the right things right from the start.

While you can sometimes return an item to Home Depot that turns out to be faulty, this is not always the case. And getting your list right from the start can be a big money saver. Plus, not having to make a second (or third, fourth, or fifth) trip to Home Depot could save you money on gas costs.

Once you own a home, you may find that Home Depot becomes a regular shopping destination. Use these tips to cut back on spending at Home Depot and free up more money for the many other expenses that come along with home ownership.

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