However, you may choose to add a clause in your cost-plus remodeling contract that pays a bonus if the contractor completes the project early or under budget. This is more an incentive than a show of appreciation, and can be a percentage of estimated money saved or a flat fee, perhaps $500 to $1,000 for a major project like a large kitchen remodel.
Home improvement contractors by law, must give the buyer a “Notice of Consumer’s Right to Receive Lien Waivers” before the buyer and seller enter into a home improvement contract. The notice shall inform the buyer, that the buyer may request lien waivers from all contractors, subcontractors, and material suppliers at, or prior to, the time any payment is made on the home improvement contract.
The look of your front door and entrance play heavily into the overall curb appeal of your home. As visitors enter, the front door serves as the transition into your home and is part of their first impression. Entry doors are architectural components that should complement your home's overall design, not detract from it. If your existing front door isn't up to par, head down to your local home improvement store for a more energy-efficient and attractive replacement. Whether you choose a solid wood door or one with decorative stained or cut glass panels, a welcoming entrance will definitely increase your home's bottom line.
Upgrade your standard water heater for a tankless model. Most old-fashioned water heaters keep 50 or so gallons of water hot, seven days a week, 24 hours a day, whether you use the water or not. Tankless water heaters heat only the water you need as you need it. Not only will they save you money now, but they're an eco-friendly and cost-effective update that today's homebuyers are looking for.
Want to save some big bucks remodeling your bathroom? Consider refinishing existing items such as your bathtub, shower, sink or tile. With refinishing, you’ll only pay a small fraction (as little as 10 percent) of the cost of replacement. Your bathroom won’t be torn up for weeks, you'll avoid the big renovation mess and you’ve put one less big ol’ tub in the landfill