How To Choose The Right Contractor For Home Renovation

Home renovations and new construction properties share one very important element - they require a well-structured and organized contractor. Depending on the size of the job, it could possibly require multiple contractors. Working with a contractor is essential to moving a project along its timeline in the most efficient manner. For real estate investors, especially those who are looking to fix and flip assets, choosing to partner with contractors will streamline efforts, optimize time and help deliver a project that reflects professional quality.

However, the first step is identifying the scope of the project. Depending on the extent of expertise as well as the size of the project, some investors operate as their own general contractor. As well, there is also the option to hire a general contractor who can absorb the responsibility of appointing subcontractors where needed according to the needs of the project.

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What Qualifications Should You Look For In A Contractor?

When choosing a contractor for your home renovation project, it's essential to consider their qualifications. While contractors are not always required to be licensed and insured, hiring those that are is the most effective professional practice for many reasons. Licensed and bonded contractors raise the potentiality of responsibility, mitigates risks and liabilities, and also gives an increased sense of security. Review their portfolio, and it's also a great idea to request and check references and inquire about their specific expertise or methods of handling similar projects.

In the qualifying or vetting process, actually check references. Ask the previous client of the candidates the following questions or similar:

• How closely did they adhere to the scope and schedule (not including any unforeseen concerns)?
• Did the work pass initial inspections, if not, how many rounds were required and why?
• Was the contractor communicative about problems during the project?

These are just a few basic, but effective questions to make a part of the reference check and overall qualifying process.

What Should You Consider When Comparing Quotes From Different Contractors?

Typically, when the call is put out for a contractor, multiple contractors will answer the call. Some may even offer to come out to visit the construction or future construction site. All should request a sit down. While it may be impossible to sit with all of them, those whose skills and portfolio aligns with your projects’ goals should be available to have a 1-on-1 with the investor. A few things to consider when compiling and comparing quotes from contending contractors are the scope of work, materials used, timeline, the contractor’s fee and any additional costs that may arise during the renovation process.

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How Important Is Communication With The Contractor?

Communication is the key to success in all matters, especially for a successful home renovation project. There are a multitude of things that can go awry, including material shortages and labor changes that can alter the completion timeline. Effective communication looks like a responsive contractor who provides regular updates, and is open to discussing any concerns or changes throughout the process.

Timely completion of the renovation project is crucial. It is also an extension of how well communication is managed between all parties. Discuss the timeline with the contractor, establish milestones, and negotiate the terms in the contract to ensure accountability. And most of all, document the expected timeline of the project’s scope and put it in the contract. Pro Tip: Request a copy of their standard contract for review to have an idea of what it looks like before adding customized requests.

Beyond the scope and timeline, it's important to also inquire about any associated warranties, as they will need to be documented as well. A reputable contractor should stand behind their craftsmanship and provide assurances about the quality of their services. It is necessary to ensure that whatever is agreed upon, especially if it differs from their standard contract, should be reflected in the executed contract between all parties.

Finally, safety should be a top priority during home renovations. Verify that the contractor adheres to safety regulations, provides protective gear for workers, and takes precautions to prevent accidents on the job site.

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NREMG Can Help You Spearhead Your Construction Projects

Asking the right questions, checking references and leading with effective communication will be the best measures to take in choosing an effective contractor for any construction related work whether it's a home renovation or a new construction project. 

Seasoned or beginner, National Real Estate Management Group (NREMG) can help sort through the noise so you can choose the right contractor for your home renovation and ensure a successful and stress-free remodeling experience. We have an arsenal of subcontractors ranging from exterior repair and replacement to design, plumbing and electrical. We can help.

Are you ready to kick off a new construction project? Contact us and let's discuss the remodeling or building scope for your project. 

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