While there are many important aspects of home remodeling to consider, one of the most important to many homeowners is cost. Below are three ways to keep costs as minimal as possible during your home remodel.
Get Bids, and Then Get Some More
The bidding process is one of the most important when you're worried about keeping costs low. No matter what else you do, if the lowest rate a contractor bids you is still higher than other bids you've gotten, there will be nothing you can do to change their mind, even if you hire them.
When speaking with possible contractors, get as much detail as possible. What companies do they subcontract with? How long do they estimate the project to take, and will there be any penalties if it takes longer than they had estimated?
Let each contractor know exactly what you expect—this allows them to bid accordingly so there are no surprises during the project. If you've already gotten a few bids from other contractors in the area, don't be afraid to mention those as well. A good contractor may be willing to lower their prices a bit if it means getting your business.
Finalize Your Plans Well In Advance
While unexpected expenses will come up, be sure not to contribute to a longer project time or you'll be paying for it (literally). The sooner you can get your plans in place, the better. If you fail to finalize before the project begins and you change your plans along the way, you could be paying thousands more in materials costs and labor.
Before beginning your remodel, it's always a good idea to get an inspection of the area to be remodeled so there are no surprises down the line. It's also important to work with a contractor who does not rush you during the planning process. You need a contractor like one from Crist & Sons Contractors, Inc. who believes in sticking to budget just as much as you, and this will require extensive planning.
Know Exactly What You Want So You Know When to Compromise
Tell your contractor up front that sticking to your budget is important to you. Let them know, in detail, exactly what you want. Tell them where you are willing to compromise (oak cabinets as opposed to maple) and then trust your contractor to get the job done according to the agreed upon budget.
When you let your contractor know where you're willing to compromise, they may be able to get you the best deals for the project. If you'd like to splurge on something, make room for it in the budget, but if it's not all that important to you, let your contractor know. For example, if marble counter tops are a non-negotiable, your contractor won't waste their time looking for a cheaper alternative for you. If, however, you would prefer marble counters but it's not your hill to die on, you contractor may find a better deal on granite and give you a heads up.
Remember: flexibility is key when it comes to keeping on or under budget.
Home remodeling is not for the faint of heart. By following the three tips above, it is possible to do your home remodel on a budget. The unexpected will occur, but with the right planning, you can keep the costs under control.