You’ve been planning your home renovation for months, attended all the home shows and spent countless hours online looking at inspiration boards and photos. You’ve also interviewed numerous contractors, checked their references and received written price quotes from those you are interested in hiring. Now it’s time to decide who will be doing the job.
Once you have met with the contractors who are bidding on your job, you should review each set of bid documents carefully. Compare every aspect of their bids — the description of the work, specifications (materials and products), price and allowances, deposit and payment milestones, project schedule and any additional recommendations or ideas.
While overall price is important, it is only one factor. Many homeowners who have successfully completed major home renovations speak about the importance of peace of mind and working with a renovator they trust and feel confident in.
If you have a particularly strong sense of confidence in one of the renovators, they are probably your best choice, even if their price is not the lowest. In the end, you should choose the renovator based on your sense of the overall value they can provide.
If any prospective contractors suggest they can offer a better price if you pay them in cash and skip the paperwork, you should eliminate them from further consideration. They are essentially saying they cheat on their taxes and lie to the government, and you shouldn’t expect they will treat you any better. You may also be implicated in future audits.
Before you hire a contractor, get informed. The Canadian Home Builder’s Association offers free unbiased information on how to hire a contractor the smart and safe way. Find more information at www.getitinwriting.ca.