How to select the right professional
Next, invite your top two or three contractors into your home to review your space and discuss the project. Be prepared to discuss your budget for the project, desired timeline and what you’d like your remodel to include. Remember to stay flexible. For example, you may need to adjust your budget if you’d like to add costly features, like custom kitchen elements or high-end materials.
Once you’ve met with each contractor, ask for a breakdown of materials, labor and other costs. After all, you don’t want to face hidden project expenses once your remodel is underway. Generally speaking, materials should make up nearly half of the total project cost (40%), while the rest should be labor and profit.6 Keep in mind that things like labor supply chain challenges can impact the cost of materials.
Take your time before making a final decision on a contractor. Remember, doing your due diligence at this point can help you select the right contractor and avoid unexpected disasters and rising costs along the way.