With the lack of availability of homes on the market and a growing desire to expand and improve, more people are deciding to stay put and modify what they have. Every week, we have conversations with people considering all types of projects: additions, kitchen and bath remodels, finishing basements, detached buildings, and a host of other home modifications. Most of these conversations include something like, “We love our house and location, but we cannot seem to find any homes for sale we like better, so we have decided to stay, and we want to make some changes.” Wonderful decision, but what is next?

One of the most important first steps is to determine an initial cost range for whatever scope or project type you are considering. Although the end goal is a written and clearly defined scope with a fixed price, you need to start somewhere. Without plans and details, the initial cost range is typically based on other similar projects or historical averages to give a starting point. This helps determine if the project is feasible financially and establishes a level of confidence for moving forward. During the initial cost range discussions, specific cost drivers and areas that elevate or reduce the total investment can be helpful to cover and help paint a more accurate picture. Establishing the initial budget is tied into determining who the best person or company is to partner with.

The three primary models are:

Each model has its pros and cons and is typically best matched with different project types. The DIY model is great for smaller projects or when people have a much greater tolerance for schedule and cost overruns. Although you have the potential to save money, it is not always realized in the end and can be a very stressful and consuming process. For smaller projects or single trade projects (roofing, siding, painting, landscaping), most people will hire the specific trade contractor themselves and receive minimal benefit from hiring a general contractor. There is very little coordination, and homeowners feel comfortable using this model.

The Architect or Designer model generally precedes a competitive bid type model where contractors receive a copy of plans and then submit their cost estimates based on the plan specifications. Working with skilled Architects and Designers can be a wonderful experience and frequently produces incredible designs. Historically, the greatest challenge with this model is not addressing the budget and cost increases during the design phase. Beautiful plans are created and sent out only to discover the cost does not match the budget. The need to connect the design with cost during the development phase was the motivation behind Design-Build.

The Design-Build model begins with establishing a cost range before commencing any design work. During the design process, cost and budget discussions continue to ensure the design and investment goals maintain their alignment. The design can still exceed the original budget, but it is known and discussed during the process. Design-Build allows for improved coordination between the designer, contractor, and trade partners, more efficient and buildable designs, advantageous economies of time and cost, and a coordinated team approach.

Choosing the model is the first step in selecting your remodeling partner, but how do you find the right one?

As you develop a list of potential remodeling partners, prepare the questions that you want answered when you interview candidates. Initially, spend more time talking about the company than your project.

So many people dive right into the project details and skip the most important questions, whose answers should ultimately determine with whom they partner. Once you narrow down your list of candidates, ask for current references and have another list of questions to ask.

Planning a remodeling project does not need to be an overwhelming process. Invest the time upfront to interview and find the best partner to join you on the journey. Focus on learning about the companies who are considering more than their upfront cost predictions. Remodeling is a very personal experience, and to be successful, a relationship must be built. Once the project begins, the numbers become less important, and the focus shifts to the relationship and the experience. With over 20 years in business, Liberty Hill Construction is a Design-Build Remodeling contractor that focuses on delivering a predictable and stress-free experience for our customers.

Visit libertyhillconstruction.com to learn more or get in touch.