The cost of renovation and construction can account for one of the largest "investments" many of us will make during our lifetime.
Here are a few thoughts:
1) Savings on materials and labour are always appreciated, however one still needs a substantial knowledge base to distinguish between viable, appropriate materials for specific uses. For example, even something as seemingly basic as lumber needs to be chosen and utilized properly. Is it to be used for structural members or supports? Is the material to be used in exterior conditions, or in high humidity situations, on a roof, as sheathing, or for a floor? Where should pressure treated or new materials with termite treatment be used? What type of insulation offers the best cost/benefit? Is all insulation basically the same? Should some types of insulation not be used in certain situations? An expert will know the answers to these questions.
Some of these materials may appear to be more expensive, but they offer many advantages, so cannot be excluded on the basis of price alone. It's the same with a wide range of materials that one can purchase. Even drywall should be carefully selected to meet the requirements of the use. Not too long ago, millions of square feet of "bargain" drywall imported from China caused thousands of families in the New Orleans area (after Katrina) and throughout the States to become ill, as this material leached toxic hydrogen sulphide as it absorbed moisture over time.
2) Budget
My main focus in the early stages with my clients is centred around creating a budget that is 1) accurate, 2) reflective of the Scope of Work, 3) is affordable with respect to the other financial burdens the client is already carrying, and 4) appropriate in the context of the market within which the property is located. A proper budget should be based on a detailed Scope of Work, and include all construction related costs, any outside fees, consultants, and contingency. Only AFTER an accurate budget is established, can it be properly monitored and maintained.
3) Professional Help
How many of us would feel comfortable wandering through a mine field by ourselves? Knowing in advance that there are pros out there who will "hold you hand" and provide expert advice and guidance can save more than money: Time, energy, frustration, stress, lawsuits are a few words that come to mind.
In my business, I deal with a wide variety of situations, and it always surprises me when someone says " I wish I knew about your services before I started." The good news is that more and more homeowners are admitting to themselves that they do not have the skills to undertake even a modest reno. Even though the TV shows make it seem as if this work can be accomplished within 30 or 60 minutes, that is obviously not the case, so be aware of what you decide to take on, and who you decide to allow into your home. Even after assuming that your best friend is a pro, you must ensure that your personal liability coverage is modified to include occurances as per your insurer's advice during and after the reno.
Note also that a Building Permit is a requirement for almost every project these days, and even if a Building Permit is not required (but this should be verified by your local authority), in Ontario the Electrical Safety Authority must be notified (by the Owner, if it is a DIY) of even the smallest adjustment to one's electrical system. In this case, it's totally about safety, not more bureaucracy.
If you are interested in knowing a little more about professional Renovation Advisors, please refer to my House Calls Project Management website.
Visit my website to learn more about residential construction project management at:
http://housecallsprojectmanagement.com/
Happy renovations!
Jay Charendoff
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