Comparing Apples to Apples in Your Home Improvement Project

 

Whether you’ve just begun your home renovation project, or you’re already taking on step 4 and 5 of your redevelopment plants, you’ve probably heard that you should get multiple bids. But how do you compare companies that bid completely different from each other? Getting more than one bid may sound simple, but inconsistency across estimating procedures can make it difficult for you to make an educated contractor decision.Home Improvement

 

So how do you compare home renovation companies apple to apples?

 

Your project is completely unique, and every company you speak with can bring various assets to the table. In order to compare them fairly, you have to be looking at the same specifications, materials, and project scope.

 

Consider these tips to compare companies applies to applies.

 

  1. Use the Same Spec Sheets

 

In order to compare companies equally, you’ll want them each to estimate your project in the same manner. If you like the way that the first contractor bids your project, request that all of the other contractors you speak with bids in the same way, on the same aspects.

 

  1. Avoid Low Bidders

 

Contrary to popular belief, the lowest bid that you receive is not necessarily the best. Often times this can be a red flag. Low bids can often give you an indication of inferior materials, cutting corners on quality, a misunderstanding of your project requests, or a lack of experience. In some cases, companies may rope you in with a lower bid only to surprise you later on with expensive upgrades.

 

  1. Make a Checklist

 

Keep in mind that some companies may be a better fit for you than others. In addition to price, it’s important to compare several other important points. What’s the point of discussing an estimate with a company that doesn’t hold property and liability insurance or valid state permits?

 

Before discussing a contract, make sure you that your contractor measures up in these key areas:

 

  • Valid State Licensing and Permits
  • Length of Business
  • Employees vs. Contracted Work
  • Holds Liability Insurance
  • Reasonable Payment Schedule
  • Work Guarantee

 

Remember, hiring a contractor for your home renovation job is an important decision. Consider these key steps before deciding on a contractor that is the right fit for your home!\