THE REMODELING PROCESS Cost vs. Value Selecting a Remodeler - PowerPoint PPT Presentation

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THE REMODELING PROCESS Cost vs. Value Selecting a Remodeler

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  1. THE REMODELING PROCESSCost vs. ValueSelecting a Remodeler Jill Liptow Owner/President RCI, Remodeling Center, Inc.

  2. 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’

  3. Remodel vs. Move (Build) • General rule of thumb • Comparison to newly built homes • Cost vs. Value

  4. 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.”

  5. You’ve Decided to Remodel • Wish List • Budget

  6. 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.”

  7. 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

  8. 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

  9. Specialty Contractor • Focuses on a specific area of construction • Examples: plumbers, electricians, deck builders, roofers, drywallers • Fee structure

  10. 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

  11. 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

  12. Interviewing the Remodeler • Business Experience and Management • Design and Construction Expertise • Customer Service and Communication

  13. Business Experience & Management • Permanent Business Location • Reputation with Suppliers • Longevity • Payment Terms • Contractor ID# • Trade Associations • Fraud

  14. 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.”

  15. Customer Service & Communication • Ease of communication • Concerns handled in timely manner • Respect • Intuition • List of references

  16. Jobsite cleanliness Timeliness Quality Design Effective communication Specifications and contract Change orders Responsiveness Constant progression of work Recommend again Interviewing the Remodelers’ References

  17. 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.”

  18. 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

  19. Enjoy Your Remodeling Experience • Maintain a job file • Be prepared for the unexpected • Enjoy!!!

  20. Questions • Visit our website at www.rcidesignbuild.com • Call our office (262) 781-8053