Remodeling University: Choosing a General Contractor
Choosing the right general contractor for your project is the single most important decision you will make with regards to your remodeling work. The scope of this subject far exceeds that of a single blog post, so I expect to revisit this issue several times in future posts.
For starters, why is this such an important decision?
– Unlike an ‘off the shelf’ item’ your project is yet to be ‘manufactured’. Yet, the ‘factory’ qualities are unknown.
– Once a general contractor is hired, you are no longer dealing with a regular business transaction. You are now a ‘hostages’ along for the ride.
– The contractor’s knowhow, expertise, notions regarding quality and ethics, financial strength and so forth – all critical to the success of your work – are all unknowns for the most part.
– The contractor’s demeanor under pressure and when problems arise (and they will) will greatly affect your experience of the project and ultimate outcome
– Cost overruns and time overruns, so pathetically common in remodeling, could adversely affect your family and you and are mostly contractor related
– The ‘value proposition’ or ‘what you are getting for your money’ is entirely hinged on the contractor you hire
– Of course, there are the nightmarish scenarios associated with unsavory, aggressive and/or underhanded contractors (that our industry is full of, regrettably), which often result in job-abandonment, walk-aways (with padded pockets and little work completed), liens being filed by unpaid vendors or subs and the like.
So it is clear why this is a critical decision. Why than, do so many homeowners fail to make the right, or at least the best choice?
Well, the blame here is shared, I believe, by both the contractors and the owners:
– Regrettably, some of the more shady and aggressive contractors out there are also some of the most accomplished companies as far as sales are concerned.
– Much like con artists that could be charming, charismatic and endearing, so are some of the salespeople working for such companies. It is almost too easy to be misled
– Mediocre contractors (and worse) compete on price alone. They would often be among the lower bidders
– Greed is a powerful motivator. Affordability is almost as strong. When homeowners want a more involved project than they can afford, they sometimes lose some common sense and better judgment when faced with a ‘great’ (read: too good to be true) bid.
– WIth so many contractors out there and with the ‘urban myth’ of the ‘get 3 estimates’ guiding homeowners’ hiring practices, odds are the homeowners choice for a contractor would be the wrong one.
For starters, I strongly recommend downloading and reading our free report: “The 5 Most Common Mistakes People Make Before Remodeling that YOU must avoid”. You will find this report on our Home page (www.megabuilders.com) at the top right corner.
Beyond that, read through our articles and elsewhere about best practices for hiring a contractor. You will find more about this right here, in future posts, so please feel free to come back.