If this is your first time soliciting quotes for a remodeling project, you are likely to get confused about what exactly you will be paying for. The proposals may vary considerably depending on the services that each contractor will be billing you for. Here are some tips on how to compare remodeling bids:
Know the Specifications of the Work to be Performed
A simple quote for “replacing your roof” or “installing your driveway” does not specify exactly what the contractor will do. A good quote should be given after evaluating the project and identifying exactly what needs to be done. It should include items like:
- Removal of the old paint/siding/floor covering, etc.
- Waste disposal
- Cost of materials and products
- Permits, etc.
The quote should be very specific, with a detailed list of everything that the contractor will do, and you’ll be paying for.
Lowest Cost vs. Best Value
Most contractors use one of two strategies to earn your business: either give you the best value or the lowest price. If you are looking to get professional assistance at the lowest cost possible, you should know that this option usually comes with a considerable amount of risk, such as:
- Low overhead – require a large down payment
- No contractor’s license – in your state
- Little or no experience
- No general liability insurance
- No workers compensation insurance
The lower the cost, the more you will have to compromise on the list above. But when you know exactly what you need, you can compare quotes from credible contractors to get the best value for each item, and collectively. Moreover, a reputable company should be willing to provide proof of your state’s contractor’s license, proof of insurance, a list of previous customers, and require little or no down payment.
Pricing is in the Details
You get what you pay for, in terms of high quality workmanship, quality materials and products, superior warranties, and insurance cover. Most important, don’t rely on verbal commitments. Make sure that the contract is well documented and keep the contractor accountable.
Request a Free In-Home Estimate and Compare Remodeling Bids
Fidelity Builders & Design is a general contracting company serving the Southern California region with over 18 years of experience. Contact us to schedule a FREE in-home estimate.