Properly done home remodeling projects can enhance the resale value of a home. On the flip side, these projects might cost you a fortune if you do not map out the cost of supplies and multiple contractors’ bids.
THINGS TO KNOW BEFORE HOME REMODELING
Ensure there is a contract covering the entire work
Before you begin any renovation work, ensure you have a contractual agreement. If the prospective contractor is not willing to offer one, you should not work with him. You should be aware of what to look for in a home remodeling contractor.
The agreement should include the contractor’s name, phone number, and address, and have commencement and completion dates, in addition to the approximate cost.
Nonetheless, if you sign the agreement away from your business place, the right of rescission applies.
Permits will likely be needed for major projects
You might require permits for the project. The contractor should cater for all permits in the estimate, and in most cases, the contractor is responsible for getting the authorizations from local agencies unless you otherwise agreed. Home enhancements that may need permits include fences, new windows, structural changes, and electrical and plumbing work. The city council office has information for renovations and projects that need permits.
Get an itemized approximation to assist you in drawing a budget
When a prospective contractor tenders out your project, request itemized billing as opposed to a lump sum charge for the job. The latter does not offer you a clear view of where your money is going.
Before starting any renovation project, ensure you get estimates on everything. This should include the licenses and any finances you spend if you cannot use parts of your house, such as the bedrooms or kitchen; then research to know how much the renovation adds to the home’s value.
You will likely be disrupted
If you are planning an extensive remodeling of your home, you will likely be disrupted by being unable to use some rooms as the work goes on. Moreover, you need to consider how you will cope minus these facilities, the time of year, and your comfort during construction.
Never pay upfront or in full
Discuss proposals in detail with every contractor, understand the motives for any price disparities, and don’t base decisions on the least price. Differences might include issues like craftsmanship, material quality, and specialized labor subcontracting.
Any contractor who needs upfront payment is likely swindling you. A percentage of a down payment is sufficient to begin the project. Pay the balance once the job is completed to your satisfaction. Moreover, avoid paying in cash.
Ensure the contractors have an insurance coverage
The company you contract should be insured for property damage, personal liability, and worker’s comp claim. Ask for proof of insurance coverage or call the insurer to confirm.
Be realistic in your capabilities
Do not bite more than you can chew if you plan to carry out the exercise by yourself. Just be realistic in your skills and the much you can handle given the scope of the renovation project. Carrying out a renovation project on your own can inconvenience you and might end up more expensive than if you had engaged a contractor.
Categorised in: Remodeling Services
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