{"id":677,"date":"2016-09-15T06:26:19","date_gmt":"2016-09-15T11:26:19","guid":{"rendered":"http:\/\/homeadditionplus.com\/dev\/?page_id=677"},"modified":"2018-11-30T19:00:33","modified_gmt":"2018-12-01T00:00:33","slug":"home-remodeling-contingency-planning","status":"publish","type":"page","link":"https:\/\/homeadditionplus.com\/dev\/home_articles\/home-remodeling-contingency-planning\/","title":{"rendered":"Home Remodeling Contingency Planning"},"content":{"rendered":"<h4><span style=\"color: #008000;\"><strong>Budgeting for Contingencies When Remodeling a Home<\/strong><\/span><\/h4>\n<p>By Mark J. Donovan<br \/>\n<script type=\"text\/javascript\"><!-- google_ad_client = \"pub-3988490936633155\"; \/* Homepage_Home_Improvement_468x15_ATF, created 8\/13\/10 *\/ google_ad_slot = \"6539705898\"; google_ad_width = 468; google_ad_height = 15; \/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div class=\"KonaBody\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<p align=\"center\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- New_300x250_051317 --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: inline-block; width: 300px; height: 250px;\" data-ad-client=\"ca-pub-3988490936633155\" data-ad-slot=\"4202793463\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<\/td>\n<td style=\"text-align: left;\" width=\"47%\"><span style=\"font-size: 14pt;\">One of the first things you need to do when remodeling a home is establish a home remodeling budget. As part of any budgeting process it is important to think about contingency planning. Whether your home remodeling project is as simple as renovating your bathroom, or as complex as building a home, home remodeling contingency planning is vitally important.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">A home remodeling contingency plan begins with thinking about what could go wrong in your home remodeling plans and writing them down.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">When it comes to home remodeling and new home construction make no mistake that many things can and will go wrong during the life of the project.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">To address potential costs overruns every home remodeling budget should include a home remodeling contingency line item. The home remodeling contingency should be set to somewhere between 5 and 10% of the overall cost of the project.<\/span><br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<!-- 468x60_below_Author_Name --><br \/>\n<ins class=\"adsbygoogle\" style=\"display: inline-block; width: 468px; height: 60px;\" data-ad-client=\"ca-pub-3988490936633155\" data-ad-slot=\"5936342260\"><\/ins><br \/>\n<script>\n(adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\"><span style=\"font-size: 14pt;\">To address the concern of subcontractor issues, have a backup list of subcontractors that you can call. This way if you have a subcontractor that backs out at the last moment or who is not working out you can go to your \u201cbull pen\u201d.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Calling in a backup contractor probably will end up costing you in terms of project schedule but by at least having a list at the ready you can mitigate some of the potential schedule impact.<\/span><\/td>\n<td width=\"47%\"><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-381 aligncenter\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250.jpg\" alt=\"Home Addition Bid Sheets\" width=\"250\" height=\"250\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250.jpg 250w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Home_Addition_Bid_Sheets_Ad_250x250-150x150.jpg 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Another important aspect of home remodeling contingency planning is communication.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Make sure to touch base with your contractors \/ subcontractors weeks before the start of your home remodeling project to make sure they have you \u201cpenciled in\u201d for when you want them to start.<\/span><\/p>\n<\/div>\n<div class=\"KonaBody\">\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"text-align: left;\" width=\"50%\"><span style=\"font-size: 14pt;\">By contacting them periodically before the planned home remodeling start date you can make sure they have no issues that could delay their arrival on your job site. If you do learn that there is an issue, then you can possibly work out a mutual solution or go to your bull pen if need be.<\/span><\/p>\n<p><span style=\"font-size: 14pt;\">Also, when signing any contract with a contractor, make sure there are specified start and complete days in the contract. This way if they don\u2019t show up at the job site when agreed upon you have grounds for finding their replacement.<\/span><\/td>\n<td width=\"47%\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-648 aligncenter\" src=\"http:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Build_Home_Addition_1-300x225.jpg\" alt=\"home remodeling contingency planning\" width=\"300\" height=\"225\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Build_Home_Addition_1-300x225.jpg 300w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2016\/09\/Build_Home_Addition_1.jpg 512w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">In addition, make sure every contract includes a complete breakout list of materials that the sub contractor will supply for completing his or her work. You may want to consider using one of my <strong><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\">home remodeling bid sheets<\/a><\/strong> and their associated labor\/material tracking spreadsheets. My home remodeling bid sheets and spreadsheets are ideal for managing overall home construction project material and labor costs.<\/span><\/p>\n<table border=\"0\" width=\"100%\" cellspacing=\"2\" cellpadding=\"2\">\n<tbody>\n<tr>\n<td width=\"50%\">\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Trying to keep track of multiple contractor contracts and material lists can be difficult. By organizing all of the material and labor costs in one home construction Excel spreadsheet file you can more easily monitor and control your home remodeling costs. Check them out at Home Addition Bid Sheets.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">So make sure you include home remodeling contingency planning when developing your home remodeling plans.\u00a0<\/span><\/p>\n<\/td>\n<td width=\"50%\">\n<div align=\"center\">\n<div style=\"background: url('http:\/\/homeadditionplus.com\/images\/Home_Addition_form_Ad_Small_rev1.jpg') no-repeat top; margin-left: 10px; margin-bottom: 0px; margin-top: 0px; height: 190px; width: 275px;\">\n<form action=\"http:\/\/homeadditionplus.com\/UHI-info\/Additions.htm#form\" method=\"get\"><input style=\"float: left; width: 80px; margin: 110px -255px 50px 165px;\" name=\"PC\" size=\"20\" type=\"text\" \/><br \/>\n<input style=\"float: right; background: url('http:\/\/homeadditionplus.com\/images\/homeadditionplus-btn-next.gif'); height: 34px; width: 91px; border: 0px solid #000000; ; margin-left: 0; margin-right: 25px; margin-top: 130px; margin-bottom: 0px;\" type=\"submit\" value=\"\" \/><\/form>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">You\u2019ll save yourself some hassles and heartache, as well as time and money, by doing so.<\/span><\/p>\n<\/div>\n<hr \/>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><span style=\"color: #008000;\"><b>For more help on building a room addition<\/b><\/span>, see HomeAdditionPlus.com&#8217;s<b> <a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><span style=\"color: #0000ff;\">Home Addition Bid Sheets<\/span><\/a><span lang=\"EN\">. <\/span><\/b>Our <b><a href=\"http:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/\"><span style=\"color: #0000ff;\">Home Addition Bid Sheets<\/span><\/a> <\/b>provide you with the knowledge and information on how to plan a home addition project, and what to look for when hiring contractors. They also include\u00a0detailed cost breakdown tables and spreadsheets for estimating your own new home addition building costs.<\/span><\/p>\n<p><a href=\"https:\/\/homeadditionplus.com\/dev\/home_addition_bid_sheets\/room-addition-bid-sheet\/\"><span style=\"font-size: 14pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11872 aligncenter\" src=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-218x300.jpg\" alt=\"Room Addition Bid Sheet\" width=\"218\" height=\"300\" srcset=\"https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-218x300.jpg 218w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-768x1056.jpg 768w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet-745x1024.jpg 745w, https:\/\/homeadditionplus.com\/dev\/wp-content\/uploads\/2017\/04\/Room-Addition-Bid-Sheet.jpg 1200w\" sizes=\"auto, (max-width: 218px) 100vw, 218px\" \/><\/span><\/a><\/p>\n<hr \/>\n<h3 style=\"text-align: left;\"><span style=\"color: #008000; font-size: 14pt;\">Free Home Addition Price Quotes with No Obligation!<\/span><\/h3>\n<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\">Fill out our 3-5 minute quick and easy form, and receive a free price quote on a house addition from one of our prescreened and licensed home addition contractors. This process is free and there is no obligation to continue once you receive your house addition price estimate.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.inforequests.com\/pub5x\/\/?allowRefNet=N&amp;layout=H&amp;PublisherSubID=Room_Addition_Bottom&amp;url=http:\/\/g.gaesy.com\/cgi\/r?;n=203;c=622397;s=4383;x=7936;f=201006161516140;u=j;z=TIMESTAMP;&amp;servicescheckbox=ROOM_ADDITIONS&amp;submit=submit\" width=\"660\" height=\"560\" frameborder=\"0\" scrolling=\"no\" data-mce-fragment=\"1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budgeting for Contingencies When Remodeling a Home By Mark J. Donovan One of the first things you need to do when remodeling a home is establish a home remodeling budget. As part of any budgeting process it is important to think about contingency planning. Whether your home remodeling project is as simple as renovating your bathroom, or as complex as building a home, home remodeling contingency planning is vitally important. A home remodeling contingency plan begins with thinking about what could go wrong in your home remodeling plans and writing&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":315,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-677","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Home Remodeling Contingency Planning - HomeAdditionPlus.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/homeadditionplus.com\/dev\/home_articles\/home-remodeling-contingency-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Remodeling Contingency Planning - HomeAdditionPlus.com\" \/>\n<meta property=\"og:description\" content=\"Budgeting for Contingencies When Remodeling a Home By Mark J. Donovan One of the first things you need to do when remodeling a home is establish a home remodeling budget. As part of any budgeting process it is important to think about contingency planning. Whether your home remodeling project is as simple as renovating your bathroom, or as complex as building a home, home remodeling contingency planning is vitally important. 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