You don’t have to be an expert to keep your remodel under control, but a little knowledge can go a long way. When you take on a large project, make an effort to learn its ins and outs. Although you can’t plan for everything, trying will save you time, money, and worry. Read on for more tips on how to keep your project on track and out of the gutter.
1. Plan Your Project at Least Three Months in Advance
The best way to keep track of your project is to understand it. Before you bust out the sledgehammers, take the time to understand your project’s process from top to bottom.
Ask yourself a few key questions: What do I want from this remodel? How long do projects like this normally take? What materials do I want? How will I finance the project? Will I hire a contractor?
Answering these questions can and should take time—be thorough.
2. Check, Double-Check, and Triple-Check
If and when you decide to use a contractor, give yourself the time to shop around. Once you’ve gotten a handle on the scope of your project, meet with multiple companies and discuss your ideas.
You should provide them with a detailed account of what you want from your remodel, and in exchange, they should provide you with a detailed bid—in writing—outlining a proposed timeline and price point.
Don’t be dazzled by the lowest offer alone. Make sure to check recent and older references, research the company’s history, and compare details with the other bids you receive. A good contractor can mean the difference between a six-week overhaul and an endless nightmare—be diligent.
3. Don’t Pay All at Once
Big remodels are especially prone to hemorrhaging money if not managed correctly, so make sure to set yourself up to be as in control of your funds as possible.
Some contracting companies will offer an estimate and ask for a back-end payment, meaning you pay once your work has been finished and the final costs have been tallied. However, this course can lead you to a final tally that’s wildly out of your budget.
A good rule of thumb is to set up a payment plan that spans the length of the job. This will keep your workers incentivized to finish their work completely and keep you from making pointless splurges.
4. Give Your Budget Some Wiggle Room



