Demolition is the tearing down of houses, buildings and other structures. This tedious task is ideally done by demolition contractors.
Demolition contractors are hired for different purposes. Personal purposes include major home renovations, while business purposes include business space or building renovations and building extermination.
Demolition contractors differ based on their specialties. Some demolition contractors specialize in selective residential demolition, while others focus on bigger jobs like building demolitions.
The cost of a demolition contractor’s service varies extensively. According to statistics, the cost of demolishing a house may range from $4000 to $14,000. $50-$100 will be added for the demolition permits, and tasks such as foundation demolition or raise will cost a minimum of $300 and a maximum of $14,000. Asbestos abatement will also jack up the cost to $20,000, if necessary.
So, how can you save money? The following suggestions can help:
Give the exact details. To prevent, further renovation costs after the demolition, you have to make sure that what is being torn down is exactly what you wanted. Send pictures if you must, or be present during the work, if needed.
Refrain from paying large initial deposits. Pay in installments, because this will ensure job completion. The contractors will keep coming back until the job is completed.
Consider the season. During warmer seasons, contractors get more jobs. That will cause your project to cost more. However, in the colder seasons, they tend to have lower prices and more availability.
Do the small jobs or minimal work yourself. Get a sledge hammer and demolish it yourself. (Note: just stay away from water and power supplies.)
Tips in choosing the right demolition contractor for the job:
Specialty – Hire the company that works exclusively on the type of structure you wanted demolished. We can suggest you JTM Construction & Demolition if you’re living in the Cincinnati area.
Insurance – This is one of the most vital things to consider before hiring a contractor. An insured company will prevent you from being sued if a worker gets hurt on the job. Also, an insured company will also save you the trouble of going to court if by any chance, an adjacent home gets damaged during the completion of the job.
License and Permits – Check the companies’ legitimacy through their business license. A licensed business will guarantee professionalism. And if along the way, you don’t get the quality of the work you expected, you can always call them for it. The license will also reflect if their company abides with building codes and local bylaws regarding environment and demolition complaints on noise and dust from the neighbors. Also, check with the contractors if permits will be secured by the homeowners, or by them.
Inquire for after-work jobs such as the hauling away of the debris and waste. Some companies will cater to this client’s need, and this will give you convenience, as you won’t have to think of the whole aftermath. For environmentally-conscious clients, there are also “green” contractors. These are contractors who will recycle most of the waste after a demolition.
Ask for referrals. Experience is always the better teacher. Ask your friends who have gone through the process of hiring and working with a demolition contractor. You may also utilize the internet and scan through some online reviews of a company.
When looking for a new home, the first thing you need to decide is whether to purchase a previously-lived-in house, or a newly-built one. There are pros and cons either way.
As for the former, it costs less and is well-suited to people who want to move into their new homes immediately, as there are no customizations that would delay the move. However, the benefit of the latter is that you have the freedom to come up with a suitable layout that matches your lifestyle. Also, you’ll have the assurance that the appliances that will be set-up in your new home will be brand new. Still the choice is with the buyer.
You still need to be aware of the process during the buying and building of your house. Read carefully any reputable resources you can find that provide you with the details you’ll need to go into every deal with ample knowledge.
It’s important to define a budget for your house. The price of your desired house should be two to three times your annual income; the percentage could go down if you have other expenses. The choice of what mortgage to take out, and whether to make a down payment should be carefully reviewed to prevent paying at an excessively higher price.
Experts suggest saving up to 20% for the down payment, and getting a mortgage with a 30-year term. Also, don’t consider only one house until you have researched the entire local market. Maybe there are better properties that are more suited to you.
Aside from learning the buying process and finding the most suitable home for your needs, do consider doing a survey of the neighborhood in which your potential new home is located. Is it near your school, shopping district, or job? Are the neighbors friendly, or do they give you the wrong impression? Remember that you’ll be living in this property and environment for some length of time, so always think carefully before deciding.
Another thing to note: If you’re not very knowledgeable regarding what to look for in a new home, bring along a professional. Hire a licensed home inspector to look at the house, so you can avoid having to make unexpected and costly repairs.
Once you have settled into your new home, the things on your to-buy list must include new keys or door locks. For your security, always change the locks on a newly bought home, as you never know who might have copies of its keys aside from you.
The process of buying a property can be challenging and tiring. However, with the right tips and proper financial review, you can find and buy your desired dream home!
Thinking of buying a house? To save you money and avoid being fooled, make sure you get a reliable and trust-worthy real estate agent.
Beware! Real estate agents use tricks to get more money, and get a premium price for their client. Here are the things you should be wary of:
One method they use is underquoting. They present the property to the buyer at a low price, which is done to attract more buyers. Slowly, they’ll increase the property price due to a large number of competing buyers.
Another is vague pricing, a trick similar to underquoting. When asked for the price of the property, they don’t directly answer the question. What they want is to create price competition, thus allowing them to get the maximum property cost.
They also use the tactical fear of loss. Once you have shown interest in a house, they’ll suddenly tell you that there’s another interested buyer. They’ll pressure you to buy the property immediately.
Lastly, they also employ the use of flowery language when describing the property, when in fact it might not necessarily be true. They use words like “cozy,” “vibrant,” and “partial view.”
To prevent yourself from falling for these kinds of tricks, it’s good to do research on both the property AND the real estate agent. Use online real estate resources to review sale prices of neighbouring comparable properties. Consult other real estate agents who aren’t involved in the sale, and ask for their estimate of the property’s value. Thoroughly check the house for signs of damage and faults.
This Can Cost an Arm and a Leg if you went to the wrong Agent.
As for finding a good real estate agent, you can start by asking for suggestions from friends and relatives. It’s also important that you do a face-to-face interview with the agent, and ask how long they’ve been in business. An experienced real estate agent is better, as they have a good grasp of the market.
Ask about what kind of properties they have sold, and are currently selling; it’s necessary that your realtor’s property prices and current market match what you’re looking for. Inquire about the prices of the houses they’re currently selling, especially the properties in your target neighborhood.
You can also look up their license; naturally, your real estate agent should have legal authority to operate in the real estate market. It’s better to choose an agent that’s knowledgeable about the area in which the property you’re looking to buy is situated. They should be able to give specific details about the environment of the neighborhood, schools, forms of commute, and shopping malls.
Talk with their recent clients to fully review their work. The more positive reviews they have, the better. But don’t just stick with one realtor. Speak with other agents to see and compare the differences.
In the aggressive market of real estate, it’s important to find a good real estate agent that will help you through the process of buying a property.