[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.getspun.ca\/what-should-you-watch-out-for-to-avoid-unnecessary-cost-overruns-during-a-renovation\/#Article","mainEntityOfPage":"https:\/\/www.getspun.ca\/what-should-you-watch-out-for-to-avoid-unnecessary-cost-overruns-during-a-renovation\/","headline":"What should you watch out for to avoid unnecessary cost overruns during a renovation?","name":"What should you watch out for to avoid unnecessary cost overruns during a renovation?","description":"expensive\u201d \u201cToday, I would prepare differently. Above all, I would seek advice from someone experienced and plan everything more carefully, […]","datePublished":"2025-05-02","dateModified":"2025-05-02","author":{"@type":"Person","@id":"https:\/\/www.getspun.ca\/author\/#Person","name":"","url":"https:\/\/www.getspun.ca\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/831abbcc684823965c5caa39ae4561083127c8aedfe9e524c6cecc176998c733?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/831abbcc684823965c5caa39ae4561083127c8aedfe9e524c6cecc176998c733?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"getspun.ca","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.getspun.ca\/wp-content\/uploads\/img_a323691_w2142_t1535443504.jpg_1..jpg","url":"https:\/\/www.getspun.ca\/wp-content\/uploads\/img_a323691_w2142_t1535443504.jpg_1..jpg","height":0,"width":0},"url":"https:\/\/www.getspun.ca\/what-should-you-watch-out-for-to-avoid-unnecessary-cost-overruns-during-a-renovation\/","about":["Money"],"wordCount":479,"articleBody":"expensive\u201d \u201cToday, I would prepare differently. Above all, I would seek advice from someone experienced and plan everything more carefully, think things through, and not make decisions so impulsively,\u201d says Mr. Petr, who now lives\tin his \u201cnew\u201d home, but it cost him an unnecessary amount of stress and extra money. So how do you make the right decisions when choosing contractors, and what should you prepare for when renovating an old apartment?\t\t\u00a0When renovating an old apartment, the key is to plan everything out first. The best solution is to find an expert who will draw up something like a \u201crenovation plan,\u201d where they schedule the tradespeople\u2019s work so that the work of individual specialists builds on one another, avoiding unnecessary downtime and preventing the renovation from being unnecessarily prolonged. This step will be easier if you find a company that offers so-called \u201cturnkey\u201d renovations.\t\u00a0\u00a0 Choosing the right company to carry out your project will save you a lot of money and, above all, a lot of stress. Unfortunately, due to his lack of knowledge, Mr. Petr accepted the first and lowest bid, and his renovation stretched from the originally promised five weeks to an endless five months and ultimately cost twice as much as Petr had anticipated.\t\u00a0\tWhere did he go wrong?\t\u00a0 The main mistake was that he didn\u2019t check the references of the company that was supposed to carry out the work and didn\u2019t look into their previous projects. The owner described in detail when and how everything would proceed and informed him about the financial aspects of the renovation and the time required. That\u2019s when Mr. Petr made another mistake. He didn\u2019t sign a contract with the company.\t\u00a0 Drawing up a contract for the work is an essential step that must be taken right at the beginning!    This document must include a list of the work to be performed and the materials to be used; it should also contain technical documentation and, above all, deadlines for completion. In addition to the completion deadlines, penalties for failure to meet them must be included.\t\u00a0 It is also necessary to determine the form of payment. It is reasonable to pay advances only for materials, against invoices. Payments for partial work should be made only after the work has been completed and personally inspected to ensure its quality. \t\u00a0 \u201cIf I had consulted someone with more experience back then and drafted this contract, I would have saved a lot of time, money, and stress. Unfortunately, without a contract, I had no recourse against the fraudster. The work dragged on, he took money upfront for work that wasn\u2019t even finished yet, and in the end, he handed over the apartment unfinished, and everything was done very unprofessionally and poorly. Because of this, I had to pay other professionals to finish the work\u2026\u201d concludes Mr. Petr.                                                                                                                                                                                                                                                                                                                                                                                                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