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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 process cost vs value selecting a remodeler

THE REMODELING PROCESSCost vs. ValueSelecting a Remodeler

Jill Liptow

Owner/President

RCI, Remodeling

Center, Inc.

remodel vs move build
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’
remodel vs move build3
Remodel vs. Move (Build)
  • General rule of thumb
  • Comparison to newly built homes
  • Cost vs. Value
cost vs value
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.”

types of professional remodelers
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.”

architect interior designer
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
general contractor
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
specialty contractor
Specialty Contractor
  • Focuses on a specific area of construction
  • Examples: plumbers, electricians, deck builders, roofers, drywallers
  • Fee structure
design build remodeler
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
locating a professional remodeler
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
interviewing the remodeler
Interviewing the Remodeler
  • Business Experience and Management
  • Design and Construction Expertise
  • Customer Service and Communication
business experience management
Business Experience & Management
  • Permanent Business Location
  • Reputation with Suppliers
  • Longevity
  • Payment Terms
  • Contractor ID#
  • Trade Associations
  • Fraud
design construction expertise
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.”

customer service communication
Customer Service & Communication
  • Ease of communication
  • Concerns handled in timely manner
  • Respect
  • Intuition
  • List of references
interviewing the remodelers references
Jobsite cleanliness

Timeliness

Quality

Design

Effective communication

Specifications and contract

Change orders

Responsiveness

Constant progression of work

Recommend again

Interviewing the Remodelers’ References
making the decision to go ahead
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.”

the contract
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
enjoy your remodeling experience
Enjoy Your Remodeling Experience
  • Maintain a job file
  • Be prepared for the unexpected
  • Enjoy!!!
questions
Questions
  • Visit our website at www.rcidesignbuild.com
  • Call our office (262) 781-8053
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