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THE REMODELING PROCESS Cost vs. Value Selecting a Remodeler Jill Liptow Owner/President RCI, Remodeling Center, Inc. Remodel vs. Move (Build) Location Familiarity with existing home Expenses to sell and move Increase home’s value Modernize or add amenities Customized design

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THE REMODELING PROCESSCost vs. ValueSelecting a Remodeler

Jill Liptow

Owner/President

RCI, Remodeling

Center, Inc.


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Remodel vs. Move (Build)

  • Location

  • Familiarity with existing home

  • Expenses to sell and move

  • Increase home’s value

  • Modernize or add amenities

  • Customized design

  • Keeping up with the Jones’


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Remodel vs. Move (Build)

  • General rule of thumb

  • Comparison to newly built homes

  • Cost vs. Value


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Cost vs. Value

  • Remodeling Magazine

    • Cost vs. Value Report 2006

    • Available at www.remodelingmagazine.com

  • Keys to cost vs. value

    • Neighborhood levels

    • Major vs. Minor remodels

    • Kitchens, bathrooms and cement siding top the list

    • Other considerations, when remodeling for profit

  • Bottom Line:

    “Remodeling makes your home a more enjoyable place to live. The intangible value of this pleasure needs to be considered, along with the resale value you hope of gain.”


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You’ve Decided to Remodel

  • Wish List

  • Budget


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Types of Professional Remodelers

  • Architect/Interior Designer

  • General Contractor

  • Specialty Contractor

  • Design/Build Remodeler (Full Service Remodeler)

    “When you hire a remodeler, you are buying a service rather than a product.”


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Architect / Interior Designer

  • Provides design of project

  • Specifies products used throughout the project

  • Provides documents needed for construction

  • Not directly involved in construction

  • Fee structure for design


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General Contractor

  • Provides only construction and construction management services for pre-designed projects

  • Receives work through bidding on projects for architects/interior designers

  • Not directly involved in design

  • Fee structure


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Specialty Contractor

  • Focuses on a specific area of construction

  • Examples: plumbers, electricians, deck builders, roofers, drywallers

  • Fee structure


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Design/Build Remodeler

  • Joins professional design with construction expertise

  • Single point of responsibility

  • More efficient (reduces stress and saving costs)

  • Fee structure for design

  • Fee structure for construction


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Locating a Professional Remodeler

  • Referrals

  • Trade Associations

    • NAHB (MBA--Remodelers Council)

    • NARI

    • NKBA

  • Internet

  • Home Shows

  • Home Tours/Show Houses

  • Longevity

  • Suggestion: Consider 2-3 remodelers for your project


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Interviewing the Remodeler

  • Business Experience and Management

  • Design and Construction Expertise

  • Customer Service and Communication


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Business Experience & Management

  • Permanent Business Location

  • Reputation with Suppliers

  • Longevity

  • Payment Terms

  • Contractor ID#

  • Trade Associations

  • Fraud


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Design & Construction Expertise

  • Samples of completed work

  • Credentials

  • Longevity

  • Recognition from peers

    “A remodeling professional will be more sensitive to the challenges that remodeling represents.”


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Customer Service & Communication

  • Ease of communication

  • Concerns handled in timely manner

  • Respect

  • Intuition

  • List of references


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Jobsite cleanliness

Timeliness

Quality

Design

Effective communication

Specifications and contract

Change orders

Responsiveness

Constant progression of work

Recommend again

Interviewing the Remodelers’ References


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Making the Decision to Go Ahead

  • Requirements

  • Intuition

  • Contact the remodeler

    “Remember that a professional remodeler should instill confidence in you with his ability to provide insightful solutions within a budget and on a timely basis.”


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Demographics

Detailed specifications

Scope of work

Detailed plans

Payment schedule

Change orders

Disputes

Start & completion dates

Workmanship

Lien Rights

Right of Rescission

Warranty

Right to Cure

The Contract


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Enjoy Your Remodeling Experience

  • Maintain a job file

  • Be prepared for the unexpected

  • Enjoy!!!


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Questions

  • Visit our website at www.rcidesignbuild.com

  • Call our office (262) 781-8053


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