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How to Manage the Budget for Your Home Remodel: An Interview with Vincent Urioste of ABQ Bids Construction

By Vincent Urioste

Please tell us a little bit about your company and the services you offer.

We are general and electrical contractors serving Albuquerque and the surrounding communities. We have been in business for almost 25 years. We bring experience and customer service when we come to your home. We do many things very well, however our mainstay would probably be kitchen and bathroom remodeling, but please call us for any residential or commercial needs. Whether it be roofing, stucco or even landscaping, we want to be your one stop for all construction needs. Abqbids.com was created to fill a need for homeowners to click or call and speak to professionals about their many needs.

What is one of the biggest challenges that people have when they're remodeling and trying to stay on budget?

I would say it's the unknown: What are we going to find when we cut into that wall? This is where it pays to hire professionals. We can generally tell when a plumbing or electrical line may affect the project. We can usually inform you if there is a possibility of a problem and a worst-case estimate.

How do you and your clients typically decide on the budget for a home remodeling project?

We prefer using an allowance system for estimating things like flooring, plumbing fixtures and lights. This way the homeowner knows for instance that they can spend up to $2 per square foot on tile or $150 on a toilet without going over budget.

What are some of the key steps that can help homeowners avoid financial surprises during their remodel?

Get a clear picture as to how you envision the job should look and make sure your contractor has budgeted enough money for granite countertops, for instance.

What advice would you give a homeowner who has a limited budget and is choosing from different bids for their building project?

Many times we are the lowest bid on a project and we are awarded the contract, but just because someone is low bid does not mean they are the best contractor for the job. We recently were hired to tear out a shower and rebuild it because the homeowner hired a handyman for the job and the shower (on the second floor) leaked the first time they tested it. Don't just ask for referrals, take the time to call them.

What type of extra remodeling/building costs come up and how often does this happen?

Sometimes a homeowner is remodeling their kitchen and with newer building codes they need new electrical circuits run to the kitchen. They look in the electrical panel and it is at its maximum capacity. A new electrical panel can be costly, but if you hire licensed contractors they should foresee these types of problems and include them in the estimate.

What's the best way for people to contact your company?

Please visit our website on there we show you the latest technology called click-to-talk, enter your phone number and watch your phone ring with us on the line. You can also email or call from the website. The website also has a great amount of pictures from past work to help you.

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