Monthly Archives: October 2008

A Reason to Spend

Credit Crunch, Recession, even Depression are words that seem to dominate the news. During “times like this” everyone could use something that makes them feel better, may I dare say, even happy. Shopping ALWAYS makes me feel better. Maybe it’s because I am a women (sorry ladies) but as I tell my husband, spending spurs economic growth. And who doesn’t want that?

The Remodeling Cost vs. Value Report 2007 says that for a minor kitchen remodel of $21,185 that you can expect to re-coup 82.7% of the cost and for a bathroom remodel of $15,789 you can expect to re-coup 78.8% of the cost. Try getting that value from a pair of Jimmy Choo’s!

Investing in your home is a good thing. Markets will re-bound and housing prices will go back up. Spend money with your contractor today and you too can contribute to our GNP.

Homeowners, now is the best time for a home remodeling project!

The economic slow down, high gas prices, financial crisis – all of this inevitably effects the home remodeling industry.  The good thing is that homeowners can benefit from that!

Homeowners with positive equity should consider a home improvement project right now!

Many home improvement suppliers will mark down their prices and in turn, the contractors purchase materials at lower prices. Thus, lower prices are passed to the homeowners.  In addition, there is an added benefit of contractor availability and a quick response to the homeowner’s needs. The benefits of a home improvement project today can include not only savings on cost but can add value to your home.

While a few months ago some home remodeling projects seamed like a dream, now they are an easy and affordable decision.

what to be aware of before you begin a major home remodel

There are a number of things that need to be considered before you begin your major home remodeling project.  Being aware of a few key issues can greatly reduce homeowner stress and make the job go more smoothly.

Things you need to know:

Planning

By far, the most important part of a project is the planning stage. From conception of the scope of work, cost and materials to contractor selection and the contract documents, it always pays to be diligent with this stage of the project.

Noise and Disruption

Every project will doubtless cause some degree of disruption to your normal home life. Noisy construction is impossible to avoid. To prepare for this, you can work with your contractor to arrange start and end times of the day for their work, so that you can plan your family’s life around it.

Material Delay

This is common with many remodels. Materials come in damaged, the wrong size or color and are often delayed do to weather, shipping conditions or availability, which are all out of the control of your contractor.

Clean Up

Big remodels can be messy. Make sure your contractor has included provisions for daily cleanup, material storage, debris removal from the jobsite, dust barriers and so on.

Job Completion Schedule

Don’t wait to find out if your contractor is overburdened with other jobs or has a vacation planned during your project. Get a project completion schedule in your contract. If completion time is of the essence to you, it is worthwhile to request a penalty clause in the contract

Insurance

Major construction projects can be dangerous. Even if your contractor is conscientious of these dangers and makes every reasonable effort to avoid them, that does not eliminate the possibility of them. Your home, possessions, family and others in your home should be considered. Licensed contractors are most often required by law to carry insurance to cover these items.

Communication

A comprehensive contract is an essential part of a successful project. These are legally binding documents. Make sure that you have read and understand the contract. If you have any questions or something is not clear, have a meeting with your contractor and have him clarify it to your satisfaction

Change Orders

There are very few projects that don’t have changes come up.  Any changes to items included in the contract should only be instituted after issuance and signing of a contract amendment or change order.    They should include, but not be limited to cost, specifications and affect on time completion.  Make sure both parties have a copy.

Security

Most major projects require a number of subcontractors (and their employees), as well as the general contractor and his employees. This can multiply into quite a number of people coming and going from your home.  Ask your contractor for a schedule of who will be on the job each day.