DIY television shows can lead you to believe that a remodeling project can be completed over a weekend, but the reality usually takes a lot longer and involves some stress before you’ll reap the rewards.
Here’s my guide to minimizing the drama.
Do your research
One of the greatest risks with a remodel is over-capitalizing. That is, you spend too much and you can’t recoup the investment when you sell your home. To avoid this, undertake some disciplined research. As your agent, I’d be happy to give you an insight into the types of homes and features that are popular, and where you might maximize your investment, especially if you intend to sell the property once the work is completed.
Consider an architect
A local architect might not be cheap but they can bring tremendous value to your project, delivering a unique design, guidance on the best materials and advise you on what the entire project might cost. They can also act as your project manager. They are likely to know the reputation of local contractors and guide you towards the best companies.
Don’t choose your contractor based on finished work
If you’re not using the services of an architect, word of mouth recommendation is a reliable method to select a contractor or the construction company. Don’t choose one based on only finished work. You’ll have no idea of how the project rolled out and whether the client was happy with the work or customer care provided. This research is arguably the most critical in any project.
Understand the contract details
A construction contract will include the finalized plans, budget, completion deadline and caveats around issues for which the builder might have to increase their price. You should negotiate a minimum number of hours per week that they will work on your project, and include a financial penalty if the job is not completed by the deadline. It is common for construction companies to move teams to other jobs for days at a time, leaving yours dormant. You should use the contract to avoid this outcome as much as possible. This element of the remodeling experience is arguably the source of a client’s greatest frustration.
Materials and workmanship matter
Be specific in the contract about the quality of materials and workmanship. This will require an intensive study of your contract. Double-down on the list of materials to make sure you are getting exactly what you want. If you change the specifications, this will add to your costs. It pays to do your own research on the types of materials and finishes you expect before your quote. Don’t tolerate vague statements. Be specific. Take notes to avoid misunderstandings. If you feel unsure about what you are being told, put your concerns in writing and request a written reply.
Make sure you’re insured
Before work commences, inform your insurance company of the temporary changes occurring on your property. They will advise you on whether your policy needs a temporary adjustment to cover theft of building materials, which can be quite common. If you are not living on the property during the work, be sure to make regular visits to check on progress and the quality of work. Tell the contractor that you expect the project manager or foreman to be on site for your inspection.