Set a realistic budget - Prepare a realistic budget that includes a contingency amount. The budget should take into account not only the labour and materials but consider the scope of the job, if hazardous materials are encountered, interior design costs and even structural engineer expenses. For example, a kitchen renovation that’s estimated to take three months may require three months of design work. Choose the right contractor - Interview three contractors and go with the one you like best. The concept of securing three quotes works well in commercial construction, where three qualified companies will bid, but not with residential construction. Big projects have wiggle room, unlike a home reno. So rather than going with the lowest quote, talk to past clients of the three contractors you’ve connected with and if possible, look at the work done. Having a good relationship with your contractor is important. Do your research - Even with a contractor, home renovations can have hidden...
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