In today’s economy, consumers can take advantage of excellent pricing for home remodeling. Realistically, as a homeowner, you can expect quotes to be approximately 10 - 20 percent lower than 2 years ago, making it a great time to remodel.
When interviewing contractors and shopping price, pay close attention to the spread in quotes. The estabished firms typically should all be within 5 - 10 percent of each other if the scope/quality is all the same.
Establish a set aside budget for your remodeling. If you find out the quotes stretch your budget, hold off rather then take a chance.
Keep in mind, choosing a unproven or less then reputable contractor at a lower price generally is a gamble if you want a quality project, on time, on budget, and that holds up over time. You may need service or warranty coverage at some point. Hiring a company with a proven track record is the smart choice.