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Chicago Area Remodelers Gear Up For Healthy Spring
Optimism Releases Pent - Up Demand to Complete Home Projects
By: NARI Chicago
“There has been plenty of pent-up demand and now homeowners are more confident with their position in the housing market,” said Ron Cowgill, MCR, CKBR, GCP, UDCP and president of D & R Services Unlimited (http://www.restorethenorthshore.com/)
According to the Remodeling Futures Program at the Joint Center for Housing Studies at Harvard University, the home remodeling market spending nationally expects double digit gains the first half of this year. (Leading Indicator of Remodeling Activity (LIRA) (http://www.jchs.harvard.edu/
This is good news for remodeling contractors like Cowgill who claim that the small projects carried his firm for the past five years and the larger projects have returned. “We are looking ahead to quite a few room additions, kitchens and basements. With the snow melting, we have had calls for ice dam removal, sump pumps, checking and installing battery backups. Area homeowners know they may have issues since they had them last year before spring. “
According to The National Association of the Remodeling Industry’s most recent (December 2013) Remodeling Business Pulse which tracks remodeling conditions & outlook with members across the country, 72 percent of the respondents rated current sales were better compared to the same time the previous year.
Mike Pudlik, MCR, GCP, of Legacy Design and Construction (http://www.remodelwithlegacy.com/
“While we do a lot of exterior remodeling such as siding, windows and room additions; our spring projects involve working with the existing interior footprint of a person’s home. In fact, we have two family room makeovers we are designing. Both involve replacing and updating the old brick fireplace facade with veneer stone and surrounding cabinetry to give the area a fresh look. We also have several kitchens and bath remodels on the horizon for spring. “
Both Cowgill and Pudlik are active members with leadership positions in the Greater Chicagoland Chapter of NARI in Des Plaines. They recommend seeking a referral to a reputable contractor from a trusted professional organization like the Greater Chicagoland Chapter of the National Association of the Remodeling Industry (http://www.narichicago.org/
Mimi Altman, executive director of NARI Chicago, said that, prior to hiring a contractor, you should also request:
Proof of adequate worker’s compensation and general liability insurance coverage for the contractor and anyone else hired.
Proper identification which indicates a permanent place of business and business phone number.
Reassurance of financial stability—ask the remodeler for bank, trade and supplier references, and contact these parties to inquire about the contractor’s financial solvency.
A written contract proposal, given to you within a few weeks of your initial meeting, that spells out the scope of the project, the expected start/stop dates, exactly what labor and materials are included and not included, the names of subcontractors who will be used, any special permits required, payment arrangements, and notice of a three-day right to cancel the contract (required, per Illinois law).
A warranty, expressed in the written contract, of the contractor’s workmanship and the materials used for at least one year from the job completion date.
A realistic price—be suspicious of any figure that appears too low or too high; also, avoid paying a large deposit (a 10% to 20% deposit up front is typical, but may be more if a significant amount of custom-made materials are involved) or paying in cash only.
Based in Des Plaines, the Greater Chicagoland Chapter of NARI (www.narichicago.org)