Home remodeling during Covid-19“”’expect it to cost 50% more and take 50% longer,’ says finance expert
- Date: 25-Sep-2020
- Source: CNBC
- Sector:Real Estate
- Country:GCC
Home remodeling during Covid-19“”’expect it to cost 50% more and take 50% longer,’ says finance expert
So you're thinking about doing a major home renovation. You've been stuck indoors since the pandemic — and you plan to be for a while longer. So why not put some money into making it look nicer?If you've never remodeled your home before, getting through the process can be a complete nightmare. I've been through four projects, and none of them were pleasant. But, after the first two, I finally wisened up to the game that some general contractors play to extract as much money from homeowners as possible.Here's what I learned from all my painful, exhausting and costly experiences:1. It will cost more than expected.Competition is fierce, so a contractor might initially offer an attractive price just to beat out all the other bids. Their goal is to get you