In my last column I went into detail on how to do a quick remodel that would give you a very high return on your dollars spent. This week, I am presenting you with information on how to do a remodel for yourself. One of the wonderful things about owning your own home is that you have the opportunity to express yourself and your unique style
In my last column I went into detail on how to do a quick remodel that would give you a very high return on your dollars spent. This week, I am presenting you with information on how to do a remodel for yourself. One of the wonderful things about owning your own home is that you have the opportunity to express yourself and your unique style.
The biggest time drain is the lead time for things like custom manufactured cabinets, which can take three to six months depending on the manufacturer. If you are doing a mid-end property you may want to use Ikea cabinets, you can buy them and have them delivered the next day. They are also highly rated by Consumer Reports for quality. If your taste is compatible with hand built cabinets, you may want to consider a cabinetmaker who should have an entire kitchen done and installed within a few weeks. There are a lot of pitfalls to avoid while working with contractors. You can hire a General Contractor to make things easier on yourself. Make sure you get one you really trust that has excellent references. This will lower your stress level but it will cost you. And you should note that even with a General Contractor remodeling isn't easy. If you are low on money, you may want to run the remodel yourself and hire sub-contractors. If you take on this position, plan on spending a couple hours a day on the project. When I am working with sub-contractors I feel like I am a high school football coach. Sometimes they won't show up, they'll get in fights with each other and so on. I am sure that people have told you that they have an amazing contractor, unfortunately you need more than one guy to run a job. It is possible to do a job with only the best possible workpeople, however this will take months. Sometimes you can't wait for your favorite electrician. Regardless of who you hire remodeling isn't easy, so be prepared.
One of the golden rules of hiring a contractor is to hire specialists. They all think they can do everything. Additionally, don't fall for the photos of work they have done. Oftentimes these photos are of jobs they were a part of but not the main contractor of. Call their references and ask exactly what they did on the job. You need to respect the work these guys do-- it's not easy to be an excellent tile setter or a plumber-- so hire guys who really know what they're doing. Never pay workpeople up front. I generally give a 20% deposit at the end of the first day of work unless I've had a previously good experience with someone. If your granite counter top guy needs money for materials pay the vendor directly. Don't give a guy a three thousand dollar check on the first day of work. These contractors generally have other jobs going on at the same time as yours. You need to use your payments to keep them focused on your job. When they are about 80% done you can give them another 50% of the bid. Always make sure that they have done more work than you have paid them for. This may sound a little cheap, but if you're too nice they'll walk away with your money and you'll be chasing them down to finish the job. This column could be a lot longer, but for now this should get you started. If you are looking for good people who work in Santa Monica, you can visit my web-site santamonicasimon.com and contact me from there-- happy remodeling!!!Simon Salloom is a Realtor with Coldwell Banker who specializes in Santa Monica Real Estate.Click here to learn more about Santa Monica Real Estate
Simon Says: "Wait to buy because the market is going to go down this year."
My friends say wait to buy because the market is going to go down this year." I am sure these same people were saying the same thing last year when the median sales price in Los Angeles went up 7.3%. The not so great news was that the number of sales went down from 8,269 in 2005 to 6,888 in 2006 in Los Angeles. In 2006 the average days on market went up from 41 to 57 days.Should You Continue Renting or Should You Buy - Simon Salloom
Several times a week someone tells me, "My friends say wait to buy because the market is going to go down this year." I am sure these same friends were telling these same people the same thing last year. Let's focus in on Santa Monica Condominium sales for example. Last year, when the "bubble" was bursting median sales prices went up 12.3%. The median sales price for all types of real estate in Los Angeles went up 7.3%.