Renovation Projects Done Right – Get it in Writing!
As the price of real estate continues to soar, the option to renovate, and sometimes in a serious way, becomes more and more enticing to home owners. In fact, the renovation industry has outgrown the residential construction industry in terms of its economic impact. But, we’ve all heard stories about renovations gone bad, to downright nightmares.
So, what can you, the homeowner, do to protect yourself and ensure a successful project?
There are lots of resources out there, and sometimes it’s tough to know who to trust, or how to make your project successful. We are here to help.
The best renovations follow a three step process: Step 1: Get informed Step 2: Hire a professional Step 3: Get it in writing! Most homeowners focus on the obvious things: how do I want the end product to look and feel, and how much will it cost me? But there is so much more to it than that. Homeowners need to consider things like: • What building codes apply and do I need a permit? Local building departments can certainly help you understand this, and it is important that if a building permit is required, that you or your contractor obtain one. Not only does this ensure the project meets the codes required for your safety, you may be required to provide the information should you resell your home, or should something go wrong and you need to deal with your insurance company. • Insurance. Insurance should be provided by the contractor for the work he is doing, and you should contact your own insurance company to see what impacts there may be should something happen to a worker while on your project, or should something go wrong or be damaged in the process. • Workers’ Compensation. You should discuss these issues with the professional you hire to ensure that any worker who may be hurt on your project is properly covered, so this responsibility does not fall to you. • Liens. These are in place to ensure that suppliers are paid by the contractor. You should understand how you are impacted by these rules. • Warranties. What happens after the contractor has left? What warranty has he provided? All of this leads to an important question; who will you hire? Many people focus on getting several quotes, and going with the lowest bid. Price is an important part of the process, but make sure you are comparing apples to apples. And the reality is, you need to ensure that who you are working with is legit, and that they can discuss all of the items listed above with you.
The question I’m most often asked is can I recommend a trustworthy renovator. And that information is readily available at www.renomark.ca Renomark is a symbol of renovators that belong to a home builders’ association, and they subscribe to a code of ethics that includes providing quotations in writing, providing a minimum two year warranty, providing insurance, getting the required permits, and returning calls within two business days (amongst other things). These give homeowners a level of comfort that they are dealing with a professional. Renovator recommendations are made by area, and we urge people to pick a renovator that aligns with their vision.
Because just like in marriage, communication is key. Few things are more stressful than a renovation. Not only should you pick a contractor that you get along with, who sees things similarly to you, you should make sure you get it in writing.
A contract is key to ensuring the success of the project. Sure your neighbour down the street is a great guy, but when things get tough, you need to protect yourself. Be sure that your contract includes such things as: • A full description of work, including products
and materials to be supplied/used • Dates when the work will start and be completed • A clear payment schedule • The contractor’s warranty • Confirmation of liability insurance and WSIB
coverage. • Don’t sign the contract unless you are confident it covers EVERYTHING you need it to Another great resource for contracts, and more detailed information on project checklists, etc. can be found at www.GetItInWriting.ca
Lastly, people say that change is good. This isn’t necessarily so in construction. It can lead to cost overruns, and time delays. Make sure you know as much as you can before you start the project, and make decisions when they are required of you. This will help the project go smoothly.
A newly renovated home is something you will be proud of for years to come, and can be a great way to add value to your existing home. Make sure it’s done right.
For more information on this article or to contact Suzanne Mammel, 905-575-3344, info@hhhba.ca; www.hhhba.ca, @HHHBAOfficial