040 // How much will your project cost? How long will it take? Should you phase the construction?

Starting a renovation or a new home build can be daunting and there are often a lot of questions at the beginning. 

Everyone always wants to know how much the project will cost, how long it will take, and if they should phase the construction. So what should you consider when asking these questions, and what information can you provide to your contractor to prepare them as much as possible?

This week’s episode walks you through three of the most common questions contractors receive and how the variables of your site, design, or materials might affect the answer.

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What You'll Discover:

• The three most common construction questions
• How different variables can affect the answer to your questions
• Why a square foot cost analysis might not be helpful in determining the overall cost
• What to provide to a contractor for them to answer your questions

What can affect the answers to your questions:

A square foot analysis is a common way to figure out the ballpark construction cost, and while it's a good place to start, you have to be careful as it can vary. The location, the contractor you hire, and how difficult the land is to work with can all affect that figure.

Unforeseen surprises can happen that will move back the timeline of your construction. Unless you built your own home and are now renovating it years later, you might encounter things that need to be add, fixed, or removed that weren't in the original plans.

One of the pros of completing your projects all at once, rather than phasing the projects, is that it can save you on the cost and time of the project.