Every home remodeling project is a major investment, with even modest jobs costing thousands of dollars and shaping the character of your home for years to come. If you’re hiring a contractor, you might take some steps to protect your investment, but some of these strategies can backfire, potentially costing you even more.
4 Ways You Can Hurt Your Remodeling Project
1. Withholding Payment
On the surface, withholding part of the payment until you’re satisfied might make sense. After all, why should you be contractually obligated to pay for work that wasn’t done? However, if you tell your contractor you’re going to withhold a certain percentage, they’ll just raise their rates by that amount, so they’ll still get paid. The best contractors will fix something at the end for their reputation.
2. Buying Your Own Materials
A lot of homeowners think they can get a better deal and save money on materials, but this usually isn’t the case. Your remodeling contractor likely has access to trade discounts and wholesale suppliers, giving them better prices than you can hope to get on your own.
3. Putting Decisions Off
You might want to give yourself the flexibility to make decisions about cosmetic finishes and design, but this can only lead to problems with your contractor later on. You might feel pressured to make long-term decisions, but working out everything in advance will ensure you’re all on the same page.
4. Focusing Too Much on the Contractor
When looking for bids, many homeowners are concerned with finding the best contractor in the area, one with a solid reputation and reliable rates. However, if you aren’t sure what the project includes, choosing a contractor becomes more difficult. Figure out exactly what you want early on, and then find a contractor who specializes in the materials and designs you’ve chosen.
5. Staying in Your Home
If you’re involved in a major renovation project, staying in your home might seem like a good way to cut costs and keep an eye on the workers, but it can wind up costing you more. Contractors usually give higher quotes if you plan to stay in the houses since they’ll have to spend time each day cleaning up and making the place livable again.
For almost a decade, the professionals at Broz Property Solutions have been helping Green Bay, WI, homeowners bring their home remodeling visions to life. Whether you’re planning a major renovation or just need new cabinets installed, you can rely on their team to breathe new life into your home. For more home remodeling tips and advice, follow their Facebook now, or call (920) 562-3187 to discuss your project and request a quote.