If you’ve done a home renovation, you know how much of a headache it can be. The reward is sweet, but the work that has to be done before the payoff is dusty, filled with backbreaking labor, and quite frankly, one of the most expensive things you’ll ever do. However, since it’s your home and it’s the place you spend the majority of your time, it’s worth it all, especially if you’re paying somebody else to do the grunt work.
In home renovation, the biggest thing to prepare for is the overall cost of the job. You’ll go from contractor to contractor getting estimates for the work. It’s natural to choose the cheapest estimate, but once ground is broken, or the walls start getting moved, things get uncovered and the skeletons in the closets start dancing to the tune of thousands of dollars coming rushing out of your bank account to cover the costs of unforeseen obstacles. It can be very frustrating.
If you want to know how to accurately know how much your home renovation is going to cost, here are 3 things you can do:
Human error is a very real thing that will fail you. However, when computers are doing the work, there is a greater chance for accuracy. If you want an estimate that is going to be spot on, hire a contractor who embraces technology in their estimating of costs.
Companies that are making the move forward with progressing technologies are the ones you want doing work in your home because you know that they’re paying attention to detail and are caught up on what’s going on in the world. Technology found the Titanic. Technology can for sure look at your home and see what kinds of issues are going on beneath the surface before you break ground.
Set A Strict Materials Budget
If you’re serious about staying on budget in your home renovation, you’re going to have to stick to your guns in the materials department. Figure out how you can get things for cheap, or go with a little less high-end product to give yourself a cushion in case something goes wrong in the renovation process. Also keep tabs on materials throughout the process. Just because a tile was $1.50 a foot 3 months ago when you picked your materials doesn’t mean the price didn’t go up. Stay to your budget and keep an eye out for deals to know how much renovation is going to cost.
Work Out A Fixed Contract
When you’re doing a home renovation, see if you can work out a fixed contract with your contractor. This means that no matter what comes up, they do the work in the contract for the amount of money settled on. It will give you peace of mind that things will be done, you just also want to keep in mind that a house well done is better than a house with cut corners. If your contractor crew isn’t getting paid for the work they’re doing, they might not finish well.