Renovating a home is a new experience for most, so many individuals don't know what to expect or how much things should cost.
A lot of people like to watch HGTV, but unfortunately they have done the home renovation industry a huge disservice in that many individuals now have unrealistic expectations of what a renovation actually costs and how long it takes. Most people go into a renovation project with their budgetary expectations too low.
The first step many will take is talking to a general contractor (GC) while in the initial planning phase. Unfortunately this isn't always the best solution either as most GC's will not take any design elements into consideration.
One of the most heartbreaking scenarios we see all too often is when a GC gives someone a number for their renovation, based on "past projects", and by the time the client has selected all of their finishes and fixtures the cost estimate has now doubled.
This is also assuming that the GC has updated the estimate for the homeowner. There are many situations where the GC will simply do all the work, never updating the investment amount for the client, and will simply bill them a much higher amount once the work has all been completed.
This situation could have been avoided if the GC took the design elements and quality of finishes and fixtures into consideration while estimating the job. Unfortunately, all too often, they will quote based on the cheapest materials and homeowners are unpleasantly surprised when the bill comes due.
When designing for a client, we focus on three levels of finishes: good, better, and best. We do not use cheap or bargain products in our projects, so good, even though it's entry level, does not equate to cheap. We design and build spaces to last for our busy families.
Here's a quick description of each category:
We understand that it may be difficult to know what category you want your project to fall into, especially as we can mix-and-match from each by incorporating some higher end finishes with a few moderately-priced features to help with costs.
We cannot stress enough how important it is to talk to a design professional about your specific project and the details involved when budgeting for your project. When we create our build proposal, which lays out the costs of renovating your space, we take every single design choice that's been made into consideration, allowing you to know exactly what your renovation will cost.
8/10/2022 06:23:47 am
Love this! I made the mistake years ago of going with a general contractor to finish my basement. Final cost was much more than the original quote because he didn't ask the right questions when quoting me. Never again!
8/10/2022 09:02:32 am
I'm so sorry to hear that! We hear stories like this way too often, and is the main reason why we're trying to change the industry.
Comments are closed.
Do you feel lost trying to figure out how much it will cost to transform your outdated and dysfunctional house into a home where you feel refreshed, recharged, and ready to be with your family and friends?
Our free guide is for busy professionals who are in the planning phase of their project and are researching the potential costs of transforming their home.
© 2023 EBO Design
All rights reserved
Get In Touch
P: (825) 977-6639
Serving the Edmonton & Surrounding Area