Chasing prices can have its benefits, but more often than not it leads to dissatisfaction for the clients. The quote or fee can give you a (very) general idea of what to expect from a particular service. However, you shouldn’t judge someone or their work exclusively by their price. Instead, find a contractor that’s within your budget and then look at other factors that matter as well, like whether they have done similar projects in the past.
It’s very easy to fall into the trap of thinking that by paying less you’re getting a better bargain. What you should be doing is finding the best specialist within your price range. By hiring a less experienced contractor for the sake of paying them less, you risk paying more in the future for repairs and maintenance as a result of the initial project not going entirely as planned.
5. Do Understand Your Budget
When hiring a contractor, you should understand the kind of budget your construction, remodel, or renovation is going to need. This is highly dependent on the scope of your project, as most construction managers and general contractors will charge 10% to 20% of the total project costs. Basically: the bigger your project, the more work the contractor will have to do, and so the higher the service fee. In some cases, contractors will charge a service fee of up to 25% of the total cost, but this mostly happens with very large construction projects.
By calculating your budget early on, you’ll have a better understanding of which hiree bids are within your price range. A well-constructed budget also helps make the initial conversations you’ll have with your contractor more realistic, even if they are pre-hire conversations. After all, their timeline estimates as well as their quotes are highly dependent on your budget. Consider it another way of speeding up the process of finding a fitting professional for your project.
6. Don’t Ignore the Paperwork
A very important factor in how to choose a contractor is paperwork. By ignoring it or not paying much attention to it, you may end up facing legal problems. W9s for the IRS and insurance contracts for the workers are rarely fun to fill out and tend to be the most boring part of any renovation or construction. But it’s there for a reason. The purpose of all this red tape is to ensure the safety of everyone involved from the builders to the individuals who’ll be using this structure.
When you hire a licensed contractor, you’re not only getting their expertise, knowledge, and skills but also all the permits and licenses required by the state. Contractors are required by state law to be officially registered and own all the necessary licenses. Contact your local building office to find out about all the permits you’ll need. Once you know what the mandatory paperwork is, make sure your contractor has all of it at hand before offering them the job. Never hire a contractor or construction specialist (or any specialist for that matter), if they don’t possess all the state-required licenses.
7. Do Get Involved in the Process