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- Cost Control Experts
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- Licensed, Bonded & Insured
- Handle All Permits
- Prompt Project Completion
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- References Available
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- Flexible Weekend & Evening Appointments Available
There are many different scenarios that determine a payment schedule in the remodeling industry. Receiving some sort of down payment at signing is a good practice to ensure a customer’s sincere intent to do the project.
A payment schedule should be part of the contract language. Typical down payments are 25% to 33%. Sometimes even higher depending on the type of work being done.
A down payment is highly recommended when products have to be ordered by the contractor immediately. Doors, windows, cabinets and specialty items are usually ordered well before the construction starts. The monies collected at the closing are insurance that the ordered products can be paid for by the contractor and not he /she is left with a pile of bills if the unforeseen should happen.
Dividing a project into 3 or 4 equal payments allows the contractor to keep abreast of the project’s labor and material costs. Payments are most likely tied to a production schedule with predefined milestones.
These are only suggested down payments. Although these reflect a norm in our industry down payments and a payment schedule can be what ever is negotiated between the contractor and client. The important think to remember is that a business cannot survive without a cash flow.
This really depends on the size and scope of your project. The materials chosen, the size of the room, and age of the infrastructure can all impact the project cost. Remember when you are comparing bids, that you are comparing the exact same scope from each contractor. If a price comes in that looks to good to be true, it probably is. How much value will my remodeling project add to my home? This also depends on the scope of your project, and you may be surprised which projects add the most value.
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Again, this depends on the size and scope of your project, and what is found during demolition. Unforeseen problems can crop up once walls are taken down that require additional work. Ask your remodeling contractor for the most reasonable time frame and stay in touch with him or her as the project progresses, so you can plan for a finish date.
Additional work or a change in the project requested by the remodeling homeowner usually require a contract price change. Planning for the unforeseen is wise, though, so putting aside an extra 10% over the contract price makes for a less stressful remodel.
You can go about the process in different ways. Conventional wisdom dictates three estimates for any remodeling work you are going to have done. However, if a home improvement contractor comes highly recommended by a trusted source, and you have met and talked with the contractor and feel comfortable working with him or her, getting additional estimates may not be necessary.
There are a number of different factors that go into pricing a remodeling project. Be sure that every estimate has the same scope of work. If the estimates are vague and you cannot interpret that information, go back to the contractor for clarification in writing. If you are unable to get adequate written clarification, it may be wise to eliminate that remodeling contractor from the bidding process.
Most importantly, keep the lines of communication open between you and the remodeling contractor and the work crew. Ask questions. Let them know what your family schedule is and whether you have pets confined somewhere. It’s important to keep the work areas off limits to children and pets for their safety; however, you may have a little extra dust and dirt in your house, so keeping the work area off limits will avoid them tracking the dust to other parts of the house.
It’s very important. If licensing is required in your state or town, ask for proof of licensing or call the issuing municipality to verify the license. For insurance, ask for a proof of insurance or call the insurance company with whom the contractor is insured to verify coverage.
Green remodeling can be done in small ways and doesn’t necessarily have to encompass the entire home. It’s easy to pick and choose elements that fit each particular homeowner. The following can be used:
Non-toxic paints and sealants
- Programmable thermostats
- Energy efficient appliances
- Natural flooring
- Local building materials
- Natural fiber rugs and fabrics
- Recycled material roof shingles and tiles
- Energy efficient lighting
- Insulated hot water pipes
- Tankless water heaters
- Quality insulation
- Native plants for landscaping
What is the Renovation, Repair and Painting Rule and what do I need to know to protect myself from lead exposure?
The EPA is calling for all remodelers who intend to work in pre-1978 homes to register their company and complete an 8-hour training and certification course with an accredited trainer. The course teaches remodelers how to safely contain lead in a home as it is being disturbed and reduce exposure to residents and workers.
NARI is providing homeowners with information on how to protect themselves from harmful lead exposure during renovations. If you know your home was built before 1978 and your renovation will disturb painted surfaces you will have to hire an EPA Certified Firm. Please visit the NARI Lead Safety page for more information.