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Although some power tools are items every homeowner should have, such as a cordless drill or a circular saw, they're also quite expensive. You can expect to pay anywhere from $50 to $250 for a typical power tool made for a homeowner. Professional-level power tools can cost several hundred dollars or more. There's no question that doing DIY jobs around the house becomes much easier when you have the right tools on hand, but it can be challenging to justify the price tag on a tight budget, making saving money important.
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Although it's tempting only to try to save money by figuring out whether Home Depot or Lowe's has better deals on power tools, the cost differences between these two big box retailers typically are minor. Additionally, both Home Depot and Lowe's offer low price matching guarantees against their competitors. Instead, if you really want to save a big wad of cash, you may want to try to anticipate the best times of the year to purchase power tools.
As you might expect, many of the best deals regarding power tools from all retailers occur during major holidays where sale prices are common, such as Black Friday in November. Sales also frequently appear around Father's Day in June and Labor Day in September. Additionally, you may find some discounts after these holidays end as retailers try to reduce overstock, such as after-Christmas sales in early January.
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