How to Save Money When Hiring a Contractor for a House Renovation

The costs of renovating a house can quickly get out of hand if you don’t watch your budget. To avoid extra costs, you’ll want to leave the project to professionals who can do the job right the first time, so you don’t need to spend on expensive do-overs. Here are some pointers to help ensure that you are hiring the right contractor for a house renovation—a contractor that can help you save money and time:

Sit down and do the math

Fix a budget for your home renovation project. Make sure it’s realistic, with some room to wiggle. The cost of renovating a home increases as the square footage goes up. On average, it costs $19,000 to renovate a 1,000 sq. ft. home. The price goes up to $87,500; for a home that is 3,000 to 4,000 sq. ft. And if your home is older, it will cost more to renovate than a newer house, especially if it still has old plumbing and wiring systems that are not up to code.

As you’re building your budget, get quotes from credible contractors for renovation so you have a clearer idea of how much you will likely spend.

Use a free contractor referral service

Minimize your legwork by finding a contractor referral service that can make it easier to get free estimates from select and carefully verified home renovation contractors. Be sure that the service is free. Once you submit a project request form, you will match with qualified contractors. Aim to get up to four quotes and compare them.

Find someone near you

It doesn’t make sense to hire a contractor for a house renovation if they are from another town or city too far from where you live. They might charge extra to cover travel costs. It’s best to hire a contractor who is geographically close to you.

Meet and compare contractors

Consider meeting at least three or four different contractors to ensure you’re hiring the best professionals for your home renovation.

Ask about their availability

Home renovations are time-sensitive projects, and you’ll want to get yours done within a specific timeline and avoid delays. So, when hiring contractors for renovation, make sure they’re available to take on your project and finish it within a reasonable time frame. If they have to put you on a waitlist, consider hiring someone else.

About the Author:

John Richard is an experienced contractor with over 40 years in the construction industry. He grew up in the business of 2 generations and he is still active today. John is a skilled carpenter who gained experience from his Father, a master carpenter, and has remodeled homes, constructed new homes in addition to managing complex building projects

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