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Money and Finances
Reply to "renovations went completely over budget...floating expenses on a credit card now"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your over-run of $20,000 w/o context of % is kind of meaningless but it is typical. It always costs more. I have done 3 large additions and several remodels/upgrades. While I have been lucky and never encountered disasters my over-budgets were always upgrades or change of plans on my part. Only one I regret was upgrading windows on house O ended up selling a year later - not worth $$$. PPs who think a contractor is responsible or would share in unforeseen - or even somewhat "expected" structural/whatever surprises are ridiculous. Why in the world would they be responsible for something outside of a contract for work?? If it is discovered that previous work wasn't permitted, or if termites/damage found - or roof is older etc etc - if work is beyond scope of work agreed to it is on you - not the contractor. And believe me - in the prefect world a contractor may start a project looking at a 25% profit (that is actually high) but jobs are never perfect. [/quote] A good contractor understands working on old homes and there wouldn't be surprises unless they are incompetent or scammers[/quote] Kind of my point: if you hire someone with a good reputation - it is because they can predict what they will find and it is in the original contract. Not a contractor but similar field so I can promise you that like all good contractors - my 60% business coming from referrals or repeat customers is not because I am the cheapest but because I give a fair price that is close to what is going to be a usual scenario. But as I said - finding out about non-permitted work is usually after homeowners assures otherwise; termite damage well covered in a newly purchased home. These surprises are on homeowner - not contractor. Remodeling an older home's bathroom a contractor who is coming to you with satisfied customers is already factoring in in the scope of work that sub-floor will more than likely be replaced; extra sq footage contractor has already said you need larger AC unit. You deciding you don't like the tile you signed off on?? That's homeowner's problem - and the costs of perhaps expedited shipping, changes in schedules to accommodate the wait - on homeowner too.[/quote]
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