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 contacts are above or below budget.
