6 Remodeling Faux Pas and How-to Avoid Them
Remodeling mistakes can be expensive and time-consuming to overcome. Knowing about the most common mistakes to avoid can help you ensure project success. Careful planning can mean the difference between success and catastrophe.
Forbes says you should spend more time planning to ensure getting the results you want, or risk failure if you shortchange this process.
1. Avoid a bad design.
RealEstate.com claims that the most expensive mistake that anyone can make related to remodeling is to use a bad design. Poor design choices typically jump out at everyone as the bad choice that they are, making it almost impossible to sell your home.
Considering the disastrous downside of making this particular mistake, it makes sense to avoid this particular situation at all costs. Consulting with an architect or experienced contractor before embarking on the project is always a good idea. By getting experienced professionals involved, they can steer you away from bad designs that can end up costing investors or homeowners a lot of money..
2. Write the agreement down and get the contract signed.
Never start a project without having a contract in place that details all the expectations you have and how and when contractors will be paid. The New York Times recommends that the contract should clearly state that contractors are required to deposit all payments made in advance into an escrow account for safekeeping. If you need some help with the contract, you should definitely hire a lawyer to write it for you.
3. Refuse to cut corners on quality.
Don’t cut corners on materials used. This does not mean that you should always buy the most expensive materials. It means that you should never buy building materials that will fall short to ultimately meet your needs and last. There is a temptation to buy cheap windows and fixtures, but the important thing to remember is that while you may save a little upfront cash, you will probably end up spending much more later. For example, cheap windows may increase your heating and cooling costs. It is a good idea to replace existing doors, windows and fixtures with items that are on par with the rest of the home, at the very least.
4. Don’t forget to interview several contractors and thoroughly check out their background.
One of the most important task that any homeowner or investor has to ensure project success is to hire the right contractor for the job. One criteria that should never be ignored is to hire a licensed professional. It is also critical to verify that they have adequate insurance. Getting a copy of their insurance paperwork and verifying coverage is current is always a good idea.
Always interview at least three contractors who are referred to you by trusted sources.
It is never a bad idea to run a background check since there is so much money at stake. Ask for references and then check those references. Remember, you are putting your money and investment into this person’s hands. You can never be too careful.
5. Be sure to add timetables for the completion of certain tasks by contractors.
One of the main complaints made by homeowners during the remodeling process is that contractors take too long to finish the project. That is why having an established and agreed upon timeline for finishing different parts of the project written into the contract is necessary. By tying contractor payment to this timeline, contractors have the incentive they need to stay on schedule.
6. Be specific and clear about what you want.
Unclear instructions and communication can cause many serious problems. That is why it is critical to detail every expectation with special care given to being specific. Maintaining a close relationship with the contractor by keeping communication channels open will minimize the probability of misunderstandings. Visiting the site on a regular basis and demanding a regular status update is always a great way to accomplish the goal of arriving at the desired destination.
Remodeling mistakes are expensive. By following the above recommendations, you can put the odds in your favor for remodeling success.