Contractors, flippers, and DIYers, the cost of tools and materials can make break a project’s budget. In fact, it usually does when they are unable to handle expenses or don’t know where to acquire their tools and materials.
Fortunately, home improvement liquidation deals exist and offer access to brand-name product and high-quality ones without having to spend a fortune. You can find all types of items over surplus constructions materials and essential tools at prices often 40 to 60% below retail price.
How do you know if the tools or materials you will buy are better? They won’t be better. They will be the exact same ones as other original and brand-name options. The difference is that most will have a few scratches or be used by someone else.
It all depends on how you source the items and the best way to approach it.
Here, we want to teach you what’s the best way to capitalize on this market. This goes whether you are outfitting a job site or reselling to the booming DIY segment.
You will notice it is viable to have your project handled around surplus for cost reduction but also for time saving.
Popular Categories to Buy: Power Tools, Lumber, Plumbing Supplies
As a whole, you can buy almost anything.
You shouldn’t whatsoever if you want to make sure that every item fulfills your quality standards.
Several items are not worth buying as surplus either. This is clear when you realize that the retail price is almost the same as the surplus one.
However, liquidation centers and surplus warehouses are treasure troves for:
- Power tools, like table saws, drills, blowers, chain saws, and circular saws. Anything heavy and anything that allows you to cut or work on specific steps in your business. Many of them are from major brands and you can rest assured this is quality.
- Lumber and building materials like composite decking, siding, trim, molding, and high-quality pieces of common construction parts.
- Plumbing and electrical supplies, including faucets, sinks, and vanities. However, small things like fans and lighting can also be found.
- Flooring options like luxury vinyl plank, hardwood, laminate, and several tiles or boxes of your favorite flooring material.
Focusing on these categories will reduce your expenses by a lot. However, what truly matters if you are a reseller is that they will make your profits skyrocket.
Sourcing Channels: Store Closures, Contractor Liquidations
The best construction materials surplus and tools liquidation for contractors come from:
- Store closures and overstock where you can find all types of liquidators. You can go over all elements of liquidation, including Liquidation Dealer, Select Liquidation, and more. You will find from discontinued items to shelf pulls.
- Contractor and manufacturer liquidations. These are often auctions and liquidation sales from contractors. they need to upgrade their equipment or get rid of excess. For you, this is the best moment to save money.
- Online wholesale auctions, which are more about platforms you can use to find the items you need.
Make sure to always pay a visit to the websites, places, or areas. Inventory changes quickly, so frequent visits or alerts from your preferred liquidators are recommended.
Quality Assessment: Checking Warranties and Return Policies
Always check your discounted home improve materials and anything else you access from the sales. This also applies if you are the reseller and need to categorize your items.
This is a step to maintain quality control and ensure you can use everything without risks. Or ensure anyone else can use your items without worries.
According to local contractors in Florida, checking the condition, warranties, and return policies is the key to benefit from these liquidations.
You want to sort your items, identify what’s wrong with them or not, and understand the warranty. If you cannot offer a warranty as the seller, make sure to make the statement as clear as possible.
Return policies, scratches, and other details. everything needs to be carefully done to prevent returns. Or to prevent issues with safety and security in mind.
Profit Strategy: Buy Low, Sell to DIY Market at Competitive Rates
How can you maximize profits?
- Source at 40-60% below retail. If you have to pay more than that, the item is most likely not worth your investment. You want to establish a budget and also work on considering shipping and the demand for the items your lot has.
- Target DIYers and small contractors to sell the items. You can use eBay, Facebook Marketplace or local classifieds. Probably all of them simultaneously.
- Bundling and upselling. Create project kits and small offers that move all your inventory and not only the high-demand items.
At Coastal Surplus Solutions, we help you connect with the surplus goods and ensure that tools and all home improvement items are easy to find. Then, we negotiate their price and get them for less than 50% their retail price.
Contact us today for more information and to access building supplies closeouts.
