Posted 12.7.12 @ 9:15 by: Staff

If you’re renovating to increase the equity in your Oakville real estate or you want to put your home on the market, you’re going to want to get the best price. But how do you do it? Contractors aren’t following MSRP rules like a toaster oven would and you’re going to have to compare prices to make sure you’re getting the best deal. Most of us don’t know what we should be paying for the work, so you’ll want to shop each job around to three different contractors.

Custom Projects Mean Custom Pricing

You can look at sites like Angie’s List and see that removing a ceiling fan costs x amount in your neck of the woods, but when it comes to finding out how much it would be to have custom cabinets and counter tops you’re in for another ride. Improving your Oakville real estate is going to help you sell, but if you’re paying too much for your project it may not be worth it. You’re going to want to have a clear vision and beware of anyone that tries to bundle services. Here’s a good example:

You hire a contractor to knock down a wall and expand your lounge/dining room into a large space. They may charge you twice as much as a normal contractor because they can offer you the services of an architect, but you could get a well-qualified contractor AND architect together for 25% off. This is why it’s so important to make sure that you’re talking to a few different contractors, check their credentials and get some referrals so you know you’re working with the one that’s right for your Oakville real estate.

Each Contractor Will Offer Different Prices and Services

A master carpenter will charge more to create custom kitchen cabinets than a journeyman – everyone is different when it comes to prices. You’ll be able to look at estimates from 3 different contractors and see where the median falls. If two of the contractors will install your new counters for $1000 and the third wants $3000, you’ll know something strange is going on. It’s just best to make sure that you know what people in your area in general are going to charge to renovate your Oakville real estate before you start putting money into it.

Choosing the Right One for the Job

You shouldn’t go with the contractor for your renos that is cheapest – you want someone that has the experience and the competitive pricing to find the one that’s right for you. This is why you want to look at three – not just two. You’ll be able to look at some examples of their work, talk to past clients and see how the work has held up over time. You don’t want all of the references to be too recent – you just never know how things are going to work out a year later. 

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