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Renovations
Four Steps to a
Successful Renovation
①  Have a plan
②  Find a contractor
③  The renovation process
④  Follow up and measure results
Planning:
Three Factors to Balance
Scope
What is the
FLEX variable?

QUALITY

Money

Time
1. Scope
Ø  ‘Must have’ vs ‘Nice to have’
Ø  Options
Ø  90/90 Rule
2. Money
Ø  Create a budget for each option
Ø  Affordable materials and products
Ø  Minimum 10% contingency fund
3. Time
Ø  Make a ‘time budget’
§  Construction calendar
Ø  Divide the renovation into time stages
Quality

QUALITY
Ø  No compromises!
Ø  Everything you can see and can’t see

QUALITY is result of proper planning of
SCOPE, TIME and MONEY
Four Steps to a
Successful Renovation
①  Have a plan
②  Find a contractor
③  The renovation process
④  Follow up and measure results
Finding a Contractor

What Could Go Wrong?
DON’T PANIC

NOT ALL
CONTRACTORS
ARE LIKE THIS:
WITH CAREFUL
RESEARCH & PLANNING
YOUR
EXPERIENCE
COULD BE
LIKE THIS
Finding a Contractor
Ø  Local bandit signs
Ø  Online search
Ø  Neighborhood work
Ø  Referral/word of mouth
Do Your Homework
Ø  Ask for references and photos from
recent projects
§  Did the project meet their expectations?
§  How were the workers and subs?
§  How was the SCOPE, TIME, MONEY,
QUALITY?
Ask Questions
Ø Are they licensed? Ask for copy
Ø Do they have insurance? Ask for copy
Ø Ask for workers comp information
Ø How long have they been in business for and
what is there area of expertise?
Ø How much money do they require as a down
payment for the work?
Ø How much time do they expect the project to
take?
Ø How long do they guarantee their work?
Professionalism
Ø Do they have a standard contract?
Ø Do they recommend permits?
Ø Do they guarantee their work?
Ø Appearance/demeanor/behavior/language
Ø Branding?
Shop Around
Ø  Whenever possible, get bids
from 3 different contractors
Four Steps to a
Successful Renovation
①  Have a plan
②  Find a contractor
③  The renovation process
④  Follow up and measure results
Contractor Renovation
Blueprint
Agree on
Project

Final Sign
Off

Changes &
Payments

Sign
Documents

Get Building
Permits
Agree on the Project
ü  SCOPE
ü  TIME
ü  MONEY
ü  QUALITY

Always have a
minimum 10%
contingency
fund
Contractor Renovation
Blueprint
Agree on
Project

Final Sign
Off

Changes &
Payments

Sign
Documents

Get Building
Permits
Sign The Documents
Ø  Independent contractor agreement
Ø  Scope of Work
Ø  Construction Schedule
Ø  Payment Schedule
Contractor Renovation
Blueprint
Agree on
Project

Final Sign
Off

Changes &
Payments

Sign
Documents

Get Building
Permits
Building Permits
Ø  No work starts until you see building permits
Ø  Common exemptions: painting, flooring,
replacing doors, light fixtures, door hardware
Q

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Notes:
Existing ceiling height: 89
Finished floor area: SOOsqft
Toilet: Max 6L flush
Bathroom fan 70cfm
All doors excluding bathroom are 20 minute fire rated with self closers
Typical exterior wall:
existing V4" Drywall
existing 2x4 wood studs 16"oc
existing R12 Batt insulation
existing 8" foundation wall

fcleu)

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Li .

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l=l
Contractor Renovation
Blueprint
Agree on
Project

Final Sign
Off

Changes &
Payments

Sign
Documents

Get Building
Permits
Changes and Payments
Ø  Follow the construction and payment
schedule
Ø  Always sign a ‘change of work’ order
Contractor Renovation
Blueprint
Agree on
Project

Final Sign
Off

Changes &
Payments

Sign
Documents

Get Building
Permits
Final Sign-Off
Ø  Walk through renovated space with contractor
Ø  Use scope of work and any change of work orders
as a sign off; both initial items complete
Ø  Inspect for any damage done by contractor or subs
Ø  Make final payment only when:
² Work is complete
² Any damage is repaired
² Your are 100% satisfied with the work
Ø  Give a testimonial and ask for a testimonial
Four Steps to a
Successful Renovation
①  Have a plan
②  Find a contractor
③  The renovation process
④  Follow up and measure results
Follow up and
Measure Results
Ø  Check the renovations after 30 days, 90 days and 1 year
Ø  Make note of material and labour durability
Ø  Re-use durable materials and labour
Ø  Discontinue use of poor materials and labour
Find Clever Ways
to Save Money
Renovations: Examples
www.redi-exit.com
www.redi-exit.com
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3
Renovations ccf day 3

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Renovations ccf day 3

  • 2. Four Steps to a Successful Renovation ①  Have a plan ②  Find a contractor ③  The renovation process ④  Follow up and measure results
  • 3. Planning: Three Factors to Balance Scope What is the FLEX variable? QUALITY Money Time
  • 4. 1. Scope Ø  ‘Must have’ vs ‘Nice to have’ Ø  Options Ø  90/90 Rule
  • 5. 2. Money Ø  Create a budget for each option Ø  Affordable materials and products Ø  Minimum 10% contingency fund
  • 6. 3. Time Ø  Make a ‘time budget’ §  Construction calendar Ø  Divide the renovation into time stages
  • 7. Quality QUALITY Ø  No compromises! Ø  Everything you can see and can’t see QUALITY is result of proper planning of SCOPE, TIME and MONEY
  • 8. Four Steps to a Successful Renovation ①  Have a plan ②  Find a contractor ③  The renovation process ④  Follow up and measure results
  • 9. Finding a Contractor What Could Go Wrong?
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  • 37. WITH CAREFUL RESEARCH & PLANNING YOUR EXPERIENCE COULD BE LIKE THIS
  • 38. Finding a Contractor Ø  Local bandit signs Ø  Online search Ø  Neighborhood work Ø  Referral/word of mouth
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  • 43. Do Your Homework Ø  Ask for references and photos from recent projects §  Did the project meet their expectations? §  How were the workers and subs? §  How was the SCOPE, TIME, MONEY, QUALITY?
  • 44. Ask Questions Ø Are they licensed? Ask for copy Ø Do they have insurance? Ask for copy Ø Ask for workers comp information Ø How long have they been in business for and what is there area of expertise? Ø How much money do they require as a down payment for the work? Ø How much time do they expect the project to take? Ø How long do they guarantee their work?
  • 45. Professionalism Ø Do they have a standard contract? Ø Do they recommend permits? Ø Do they guarantee their work? Ø Appearance/demeanor/behavior/language Ø Branding?
  • 46. Shop Around Ø  Whenever possible, get bids from 3 different contractors
  • 47. Four Steps to a Successful Renovation ①  Have a plan ②  Find a contractor ③  The renovation process ④  Follow up and measure results
  • 48. Contractor Renovation Blueprint Agree on Project Final Sign Off Changes & Payments Sign Documents Get Building Permits
  • 49. Agree on the Project ü  SCOPE ü  TIME ü  MONEY ü  QUALITY Always have a minimum 10% contingency fund
  • 50. Contractor Renovation Blueprint Agree on Project Final Sign Off Changes & Payments Sign Documents Get Building Permits
  • 51. Sign The Documents Ø  Independent contractor agreement Ø  Scope of Work Ø  Construction Schedule Ø  Payment Schedule
  • 52. Contractor Renovation Blueprint Agree on Project Final Sign Off Changes & Payments Sign Documents Get Building Permits
  • 53. Building Permits Ø  No work starts until you see building permits Ø  Common exemptions: painting, flooring, replacing doors, light fixtures, door hardware
  • 54. Q ^ i 31 J x-» n rVt &r: M " Jon -» j5p*n:s ? r /I /---r U-) s n ^? sC Q cP A »r oC ^- •«*•• rr jCD iP 0 0 o 0, yi— —i 11 11 rf -,£: VA ,11 4^ io— u O-
  • 55. Notes: Existing ceiling height: 89 Finished floor area: SOOsqft Toilet: Max 6L flush Bathroom fan 70cfm All doors excluding bathroom are 20 minute fire rated with self closers Typical exterior wall: existing V4" Drywall existing 2x4 wood studs 16"oc existing R12 Batt insulation existing 8" foundation wall fcleu) HH-h , T ^" II If Li . 5Q>< ^ . H, f r - —4 • >J ^ l=l
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  • 59. Contractor Renovation Blueprint Agree on Project Final Sign Off Changes & Payments Sign Documents Get Building Permits
  • 60. Changes and Payments Ø  Follow the construction and payment schedule Ø  Always sign a ‘change of work’ order
  • 61. Contractor Renovation Blueprint Agree on Project Final Sign Off Changes & Payments Sign Documents Get Building Permits
  • 62. Final Sign-Off Ø  Walk through renovated space with contractor Ø  Use scope of work and any change of work orders as a sign off; both initial items complete Ø  Inspect for any damage done by contractor or subs Ø  Make final payment only when: ² Work is complete ² Any damage is repaired ² Your are 100% satisfied with the work Ø  Give a testimonial and ask for a testimonial
  • 63. Four Steps to a Successful Renovation ①  Have a plan ②  Find a contractor ③  The renovation process ④  Follow up and measure results
  • 64. Follow up and Measure Results Ø  Check the renovations after 30 days, 90 days and 1 year Ø  Make note of material and labour durability Ø  Re-use durable materials and labour Ø  Discontinue use of poor materials and labour
  • 65. Find Clever Ways to Save Money
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