When you find yourself working on home improvement projects on a regular basis, making sure that you have the right tools on hand for any job that comes your way can be helpful. That being said, it is important to bear in mind the fact that many power tools are expensive and are a bit of an investment.
While there is nothing wrong with stocking your garage or other workstation with the tools that you need for your various projects, you don’t want to end up purchasing things that you aren’t going to use very often. In some cases, it can actually make much more financial sense to rent certain tools for a project instead of spending a great deal of money on a purchase.
However, how do you know when it is actually worth it to invest in new power tools as opposed to borrowing one from a friend or renting it?
Here are three things that you should keep in mind when considering purchasing a new power tool that will help you ascertain if it is a sensible purchase or a waste of money.
1. Long Term Uses
When you are looking at tackling a certain DIY project, you want to ensure that you have the right tools for the job. That being said, a single project isn’t necessarily the right justification for spending the money on a brand new power tool. If you purchase a new tool for each and every project you did, you will find yourself not only overrun with tools but also spending far more than you probably should have.
If you are looking for a staple gun, for example, ask yourself what other uses you might get from such a tool. If you can see yourself using that staple gun for multiple projects on your list for the future, it can be worth the purchase.
2. Additional Features
There are many power tools on the market these days that come with additional features and uses that might not have occurred to you. Such features can come in handy down the line and save you money on a future purchase.
Bear in mind the fact that such tools can be on the more expensive side of things when compared to those that only perform a single function. That being said, when you consider the cost of multiple tools that each perform individual functions, you can actually save more in the long run by investing in one with additional features now.
3. Reviews
The DIY community is one that is rather active when it comes to providing feedback and reviews on certain products. When you are considering buying a new power tool, make sure to take advantage of this fact and read as many reviews as you can. For the most part, you will be able to find some practical and honest feedback that will help you to decide if a certain tool is worth the money or not.