Common Mistakes People Make When Renovating Their Home

Author: Finished Basements | | Categories: Basement Apartments , Basement Construction , Basement Finishing , Basement Renovation , Basement Renovation Contractor , Bathroom Renovation , Home Renovation , Home Renovation Contractor , Kitchen Renovation , Second Income Properties

Common Mistakes People Make When Renovating Their Home

Do you want to convert your old basement into a part-time office or update your kitchen with a remodel? Whether it is a large or small project, a renovation will upgrade the functionality of a room and increase the value of your house. By enlisting the services of a contractor, you can make the process easier and take a considerable load off your shoulders.

However, to get the most out of your renovation, you need to hire the right contractors. A qualified contractor will deliver high-quality work and usually work alongside a team of highly trained professionals. Moreover, with extensive knowledge of their trade, they’ll help you create a plan and execute it to perfection.

Unfortunately, many homeowners misunderstand their role in a renovation and end up making costly mistakes that they later regret. To help you avoid some of these basic errors, Finished Basements has listed a few of the most common mistakes people make when renovating their home and how to prevent them.

1. Not hiring a contractor.

A common mistake most homeowners make when renovating their home is not consulting a professional and reputable contractor. The reason they probably don’t enlist a contractor is because of all the bad press that fly by night contractors have given to the home renovation industry. Fortunately, there are many professional and conscientious contractors who are trustworthy and are willing to work with homeowners. These contractors can execute the job correctly and follow the proper codes needed to perform renovation work. To get an industry expert, you can ask friends about contractors who have previously worked for them, check for online reviews or confirm their qualifications with the Better Business Bureau (BBB).

2. Paying a lump sum amount to the contractor.

Some customers pay too much upfront to the contractor and run into trouble when the project does not get completed, or the contractor does not show up to the job-site. Depending on the size of your project, you can give a 10% deposit after the signed contract, and make progress payments for the duration of the contract. It is advisable to at least have a ten percent holdback after the completion of the project to ensure all the work is completed in a professional, workmanship manner.

3. Not getting a written and detailed estimate or contract.

It is essential to get a firm price on the cost of the project and set a start and finish date. This will ensure your project flows smoothly and takes away the headache that comes with an unplanned renovation.

4. Not monitoring the progress of the project.

After each phase of the project, the project manager should check each phase to make sure everything is performed according to plans. You don’t want to wait till the end of the project to discover that the electrical or plumbing work was not done to the code.

5. Not confirming payment with the project manager.

When it is time to make a progress payment to the contractor, check with the project manager and the contractor to ensure the phase was completed and nothing was left out. If you obtained a permit for the project, ensure that the city inspector came to your site and approved that phase of the project.

6. Overlooking the end result.

At the end of the project, walk through the site and note down any deficiencies that you identify. Submit your issues to the contractor and make sure they are settled within a given time frame. When both parties are satisfied, get the warranty and pay the contractor.

For the best kitchen, bathroom and basement renovations in Toronto, Ontario, reach out to the contractors at Finished Basements. We have been in the renovation business for over thirty years and have specialized in basement renovations.

We listen attentively to your goals and then decide whether it would be feasible to be accomplished or if modifications are needed to arrive at your desired goal. We handle your project from the ground up to the finish and even take care of the necessary plan and permits. We have accessibility to all licensed trades to ensure that your project is done to the professional standards of Ontario and Canada.

For a complete list of our services, please click here. If you have any questions about home renovations, we’d love to hear from you. Please contact us here.