When it comes to remodeling, the bigger the better is the motto most people go by. According to a recently released National Association of Home Builders survey, additions and whole-house remodels are on the rise. The Joint Center for Housing Studies at Harvard predicts that the amount of money toward remodels will get up to $325 billion by the start of 2017.
Bigger projects mean bigger budgets and bigger teams. So who should you have on your team?
A general contractor
As the overseer, a contractor is responsible for organizing all aspects of the project, including getting permits. They usually charge around 25 percent of the projects cost.
If you’re doing structural work – such as an adding an addition or whole-house projects – you’ll need an architect to design it. Their fees can rang anywhere from 10 to 20 percent of the project’s cost.
An interior designer can be very helpful – but in many cases is not necessary costing up to 20 percent of the cost. Subcontractors like painters and plumbers are another consideration if not managed by the general contractor.
Whatever your project, hire smart. Do your research – look online and check reviews. Consider specialists for your specific needs and project and ask for samples. Finally, don’t forget to confirm licensing and insurance.