Episode 2 | What Drives Cost In Remodeling Projects? – Part 2

June 10, 2019

Welcome to the second episode of our brand new Sidelight Series Vlog. In this episode, we’re going to dive a bit deeper into what drives cost in a remodeling project. You may want to consider some of these points before you apply for any personal loans. In our first episode, we covered selections, size, and complexity of the project. In episode two, we cover two more factors that are often overlooked but can have a considerable impact on price…the contractor and your home. Enjoy!

Transcript:

Hi I’m Louis Weiher with Carmel Builders. It’s our mission to provide a positive and enjoyable experience that improves both lives and homes.

And with that I’d like to follow up on a video from earlier where we talked about things that drive costs on a project. We talked about your product selections, the size of your project, the complexity. Those three things and how really that complexity and size is a big driver. But these two at the bottom I think homeowners often miss or have a misunderstanding about. The first one is the contractor. I think that it’s very commonly thought that maybe a bigger, more professional contractor in a home renovation, is going to be more expensive. I really don’t believe that’s the case. I like to say “contractors aren’t expensive, projects are expensive.” A larger contractor is going to be able to handle a larger and more complex type of project. Obviously if you are trying to do just a simple bathroom you might be able to do that with someone who is self performing the work. But if you’re looking at a whole house remodel, multi room remodel, a project that lasts over months rather than days, you’re going to need a larger scale contractor to handle it. So it’s the project that drives that not the contractor.

And the second one is your home. I think people forget about this quite a bit. We work in the greater Milwaukee area. We do projects from homes that are from the turn of the century, nineteen hundreds, 1910s, 1920s, to homes in the early 2000s. A home built one hundred years ago just has a lot more complexity and a lot more unknowns too it…a lot more things that are happening. So if you’re looking to remodel your home and you live in one of those homes that’s one hundred years old, you’re going to have to understand or at least come to grips with the fact that your project is going to cost more than maybe a friend of yours who’s living in a home that’s only 10 to 15, 20 years old. Of course older homes have some wonderful value, some wonderful characters that you don’t necessarily get in the newer homes but your home drives the cost quite a bit. So you can’t necessarily compare the costs of your project to someone who’s in a home that just really isn’t anything like yours. So I think if you take all of these things together, it’s really going to help you as you start planning your remodeling project of really what is going to be driving the costs and hopefully help you make great decisions so that you can have that really enjoyable and positive experience. Thanks!

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