THE REMODELING PROCESS Cost vs' Value Selecting a Remodeler

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THE REMODELING PROCESSCost vs. ValueSelecting a
Remodeler

• Jill Liptow
• Owner/President
• RCI, Remodeling
• Center, Inc.

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Remodel vs. Move (Build)

• Location
• Familiarity with existing home
• Expenses to sell and move
• Increase homes value
• Modernize or add amenities
• Customized design
• Keeping up with the Jones

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Remodel vs. Move (Build)

• General rule of thumb
• Comparison to newly built homes
• Cost vs. Value

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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.

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Youve Decided to Remodel

• Wish List
• Budget

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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.

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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

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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

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Specialty Contractor

• Focuses on a specific area of construction
• Examples plumbers, electricians, deck builders,
  roofers, drywallers
• Fee structure

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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

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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

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Interviewing the Remodeler

• Business Experience and Management
• Design and Construction Expertise
• Customer Service and Communication

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Business Experience Management

• Permanent Business Location
• Reputation with Suppliers
• Longevity
• Payment Terms
• Contractor ID
• Trade Associations
• Fraud

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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.

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Customer Service Communication

• Ease of communication
• Concerns handled in timely manner
• Respect
• Intuition
• List of references

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Interviewing the Remodelers References

• Jobsite cleanliness
• Timeliness
• Quality
• Design
• Effective communication
• Specifications and contract

• Change orders
• Responsiveness
• Constant progression of work
• Recommend again

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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.

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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

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Enjoy Your Remodeling Experience

• Maintain a job file
• Be prepared for the unexpected
• Enjoy!!!

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Questions

• Visit our website at www.rcidesignbuild.com
• Call our office [phone]