Do you think that upgrading a garish 1960’s kitchen with modern styles is all about applying fresh paint and putting new appliances? If yes, reconsider. Renovators modernize your house, can make it more appealing and energy-efficient than before. So you might want to grab a contractor, to get more money from a potential buyer in the future for your appealing and energy-efficient house.
The problem is that a complete renovation of your property tends to be trickier and costlier than originally expected. A minor midrange kitchen remodel project costs around $22,507, whereas a major one is around three times it, as per Remodeling Magazine. The major project includes upgraded appliances, custom lighting and a new kitchen island. That said, the cost is just one thing among many other factors to consider during a home renovation.
Do Your Homework
Look for multiple contractors when you have an idea about the price point for the renovation work. Verify the experience of contractors in your locality and state, and confirm that they are not unlicensed parties. The licensed ones usually must be bonded, pass an examination, pay licensing fees, and have insurance for liability, worker’s comp and property damage.
Be sure that everybody is insured and licensed. You do not want some contractor’s electrician to work at your residence and be electrocuted. If that contractor lacks insurance, they could just sue you for the accident.
Review the Contract
The contract should contain an established beginning and completion date, your payment schedule, and the specifics on what that contractor’s duties are. The contract also has to spell out the project’s scope. Look for potential warning signs, including a provision which allows the contractor to replace materials. What if the new materials used in place of the old ones are not of the same grade?
The agreement should also specify in what way change orders are paid for and handled. These updates to the work should be informed in writing at all times. Finally, look for potential arbitration clauses in your contract, where you would relinquish your legal right to sue the builder. Never agree to contractual arbitration.
Confirm That the Contractor Gets Permits
Local and state jurisdictions necessitate that contractors get permits for big projects, including new plumbing and electrical undertakings as well as remodeling tasks. Thus, the building authority of your city can inspect and ensure the work meets all its safety codes.