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How to Manage the Budget for Your Home Remodel: An Interview with Nick Perper of NP Classic Construction Corp.

By Nikolay Perper

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

In my 18 years of being in the business, the company NP Classic Construction has undergone transformation from a small crew that specialized in small residential renovation and restoration jobs to a full-size construction/renovation firm, currently employing sizeable team of skilled craftsmen capable of and experienced in executing high-end renovation as well as new construction projects.

What is one of the biggest challenges that people have when they're trying to stick to their remodeling budget?

Finding the right person for the job.

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

By talking and listening. It always takes two. I usually am able to offer an alternate way, and sometimes more than one to cut the cost without sacrificing integrity of the project.

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

Hiring reputable professionals (architect and/or contractor), careful and detailed pre-construction prep work and planning, honest assessment of budget-ability and having enough "cushion" (10%?20%) in the budget to cover unforeseen conditions, and exercising self-discipline by not making significant changes to original plans and scope of work.

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

Granted the budget is generally sufficient to cover the scope of work and bidding parties are all reputable, lowest bids usually indicate either honest miscalculation by contractors that may prove costly for owners, or conscious calculated attempts to win the contract at any cost in hope to "cut losses" later in the process. Whatever the reason, those bids spell trouble. Highest bids are normally indicative of companies in high demand and translate "we don't really need this job." So only those bids that are in the middle should be considered seriously.

When can extra remodeling/building costs come up, and how often does this happen?

Often enough to be considered as inevitable on larger projects where unforeseen conditions (hidden structural and/or mechanical deficiencies, unearthed excavation surprises, and the like) are major contributors. On smaller projects those are preventable more often than not.

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

Emailing me at nikprpr@aol.com is always preferable as the most efficient way to reach me. I always respond within 24 hours.

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In my 18 years of being in the business, the company NP Classic Construction has...

Phone: 718-633-1182

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