Estimates & Hidden Costs
When it comes to renovations, it’s difficult as a contractor to notice everything in the first one-hour consultation. Sometimes things are missed and it’s not intentional. People are always quick to blame the contractor for unforeseen issues that arise during the project but the truth is, your contractor cannot see through drywall. It happens all the time, the drywall is opened on the first day of demolition and there is a mess of wiring that will lead to rewiring your entire main floor. There are certain situations though, where someone with a lot of experience can anticipate possible issues ahead of time and save these headaches. At the end of the day, you would be paying for it whether the contractor noticed it before the project began or after the demolition is done. It’s just nice to be able to budget for it ahead of time. Just make sure the additional work is actually required and you are not being over charged because the contractor knows you don’t have a choice but to do the work since your home is already torn apart.
There are contractors out there who will intentionally leave items out of the estimate to keep the initial cost down to land the project and charge you for it later. Most homeowners have no idea if there’s something left out of the estimate and they trust the contractor is including everything required to complete the project. I’ve seen this first hand as a contractor! I lost jobs I was bidding on in the past to another contractor with a substantially lower price. I would receive a call during or after the project with an angry homeowner saying they would have selected us to be their contractor if they knew the other contractors’ pricing was going to end up being the same or more than ours when it was all said and done.
If you are selecting a contractor simply because they are the lowest price, you are probably in for a frustrating renovation and some unwanted surprises.
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Renovation ConsultantBy : Ken Long