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Ask For Estimates - 11/29/2004 - Mortgage Loan Refinance Debt Equity

Ask For Estimates

Ask for a written estimate of the work to be done based on a set of plans and specifications. This is a time-consuming process for the contractor, so you should be prepared to pay for this package.

Make sure that you're comparing apples to apples. Estimates from different remodelers need to be based on identical project specifications.

Conventional wisdom states that you should "get at least three bids" before hiring a contractor. But it's a mistake to let price alone drive your selection. If you like a remodeler and are confident that he would do a good job, don't automatically switch to another contractor (who may not rank as high in customer service, competence, communication, etc.) if the estimate is more than you can afford. You may be able to scale down by making a few modifications - using quality stock rather than custom designed cabinets or selecting less expensive appliances or fixtures.


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