Power tools are expensive today and DIY homeowners need them to effectively work on remodeling, landscaping and maintenance projects around their home. But, rather than breaking the bank on new ones, why not purchase "pre-owned" and have everything you need for much, much less. You can save a lot of money here, but only if you know what to look for.

In most cases its best to purchase used power tools made by manufacturers you know or tool brands you've had good experiences with than to purchase brand new tools that are cheaper but made by little known or inferior companies. Do a little online sleuthing by searching the name of the tool you're interested in with the word "review" at the end (ie. skil cordless saw review) The top brand names make better products, and therefore often outlast and outperform lower priced—and lower quality—brands. New cheap tools aren't great deals if you have to continually replace or repair them!

You should also know the difference between USED, RECONDITIONED, and REFURBISHED power tools. Many people assume all of these terms mean about the same thing, but they do not!

USED power tools are those which have been used by someone else and probably have not been serviced by a professional. If you know what you're doing, go ahead and make the purchase, but try to at least get a return agreement of some kind. Remember; let the buyer beware. You should always know what that particular tool sells for brand new, as used tools can range from 10% to 85% of original cost, depending on the condition, appearance, accessories and other factors. And familiarize yourself with anything else that may have been included in the box with a new purchase.

RECONDITIONED power tools refers to tools which have been bought in quantity by a company that makes its money "fixing up" these tools to working order. Most times they also touch up obvious cosmetic flaws and generally bring these tools up to much better visual appearance. You are clearly getting used goods when you purchase reconditioned but many times you'll get a limited warranty or an extended return policy. Often these will have more than enough life left to do the job for you for many years.

REFURBISHED power tools are those that have been restored to functional order by their original manufacturers. These often come with near-new warranties to protect against breakdowns and malfunctions. These are generally a much safer option than used or reconditioned. Generally, the manufacturers consider these—since they carry the original manufacturer's name—to project similar trust as their new tools.

Buying used is usually a gamble, but if you do your homework, consider the tool's condition and age (if possible), know what parts and accessories the tool—brand new—comes with and whether or not it still has an owner's manual you'll have an advantage. The more info you have, the more negotiating power you have. You should also factor in an increase in price for tools that are highly sought after and may be short in supply at the time. For more information, along with other free tips and ideas for your home, go to RemodelQuickTips.com and click around. You'll find lots of ways to help you get the most bang for your buck!