Building Your Dream - with help July 12
Getting Home Improvement Estimates
Getting several home improvement estimates is vital in hiring a contractor.Comparing estimates can be tricky, and negotiating can seem burdensome, but doing both well is worth the time and effort. With a well-planned home improvement project, several estimates, and some negotiation, you can save money and feel confident in the quality of the work.
The process of getting home improvement estimates involves educating yourself, contacting contractors for estimates, checking references, comparing the estimates, and negotiating with your top choices.
Educate Yourself
Before you start calling contractors, be sure to study. You can use the internet or the library to become familiar with your home improvement options. There is a wide variety of materials that can be used to complete your improvements, and the prices may vary considerably… as does the quality. Knowing the difference between materials is one way you can better compare estimates and negotiate the price.
Contacting Contractors
It is wise to call many contractors for estimates - try to get at least four to compare. Some may not get back to you right away, but this isn’t always a bad sign. Perhaps it’s a clue that they are busy, because they are in demand. You just need to balance that with the response times you may get as a customer. Sometimes it is fine to be put on a waiting list, but that could delay your project.
Just take the time to get the estimates that are best for you. Don’t be pressured by salespeople who tell you the price is only good for so long. They do that to close the sale. Jumping into a contract may not be best for you.
Be clear on what you want when you talk to the contractors. Feel free to ask questions to ensure that they are bidding for the right things. For instance, if you ask them to paint a room, be sure that their quote involves patching holes, painting trim, etc.
Checking References
Be sure to check references on the contractors that are making estimates early in the process. Prior customers should be happy to share their opinions. If you run across a bad reference, the estimate from the contractor may not be one to consider. You should also check to make sure they are licensed, insured and bonded.
Comparing Estimates
When comparing estimates, make sure that you are comparing apples to apples. Again, differences in materials and actual work can definitely make a difference. Ask questions to ensure that you understand exactly what the bid is for.
Negotiating the Price
Don’t be afraid to negotiate the price. There is usually a large mark-up on home improvement projects and most contractors are willing to deal. If you feel more comfortable with one contractor whose bid is more than another one, ask him to meet the price. Do understand that the quality of their work may exceed the others, so they may not be willing to match the price, but it doesn’t hurt to ask.