Renovating Successfully: Steps for Successful Home Renovation
Determine What You Want
Magazines and books
are a great source for fresh and new ideas. Once the work has started any changes
that you make may cost more that if you include them in the original agreement
Develop a Budget
Most people tend to leave
this step to the contractor(s). It's a good idea to talk with your financial
institution about a relative range for your home improvement project(s). This
step can also help you get pre-qualified for your home improvement loan.
Select a Qualified Contractor or Remodeler
See
How to Select a Contractor for details
Get Estimates
A good rule of thumb is to obtain
at least three different bids. Make sure that you provide all the renovators
with the same detailed information.
Ask for References
Good references are your
best guarantee that your contractor can and will perform as expected. Don't
hesitate to let the contractor know that you will check out the references provided.
Accept or Reject the Contractor's Contract Proposal
The contract the contractor gives you is not etched in stone. Take
the time to review it line by line. If necessary seek the advise of an attorney.
Don't accept the contract unless the whole document is agreeable to you. If
portions are not acceptable, discuss alternatives with the contractor and ask
for a revised version of the contract that you both can mutually agree on. Remember
that if a contract is grossly lower or higher than others, it should be avoided
unless the contractor can explain his deviations from your other contracts
Understand Your Obligations
Often it is assumed
that the only obligation expected is timely payments. However, you make need
to make alternative living arrangements as the work, or portions thereof, are
in progress. Careful planning can greatly minimize inconvenience of living during
the construction phase.
Maintain a Good Working Relationship With Your Contractor
Have the contractor update you on a regular basis or at specific
interval during the performance of the contract. Be available to make decisions
when they are needed so work is not held up.
