Construction and Renovation Budget Control in Kelowna Renovations

Often when a renovation ``nightmare`` happens it is because of cost overruns. This can be a customer’s main concern. If you are planning on embarking on a home renovation this is where you should start.
Here are your steps after you have decided what it is you want done.

1. Set a preliminary budget,
2. Meet with a few contractors, who can do the work and get some ballpark figures on costs,
3. Revise your preliminary budget using this information
4. Decide if the costs are going to work for you; if you need financing, talk to your financial institution or rich relative of choice and feel them out.
5. Pick a contractor: check references, ask for his proof of insurance, W.C.B. number, and business licence number.
6. Contact your contactor and obtain a detailed written quote
7. Finalize your budget
8. Finalize your finances. I would recommend a new sub account to handle the project to avoid having the money mixed up with other funds.
9. Hire your contactor and ask when he requires payment so you are ready to supply the funds to keep thing moving.
10. Begin your project
11. Monitor cost continually: be aware of any times the project contracts are above or below budget.
12. Never give out a check without an invoice, (hst # must be shown.)

If you decide to be your own general contactor the steps are the same except you will have to assemble pricing from more trades to put together your budget. It’s a lot more work; be prepared for the time this will require.

For more information on the renovation of your home in Kelowna contact:

David Federici
Greenwave Construction
Kelowna, BC
(250) 575-2690
http://www.greenwaveconstruction.ca/
Email

We take the home work out of home improvements.