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Upkeep: A New Approach To Home Improvement Paperback – June 26, 2014
About the Author
Chuck Solomon is an author, business consultant, and former home improvement contracting business owner. He previously owned and operated a successful home improvement business serving the Triangle area of North Carolina. Currently, he helps with marketing, sales, talent acquisition, and business development. He is also the creator of a new home improvement concept called Upkeep. Learn more about Upkeep at http://www.MyHouseUpkeep.com. Learn more about his consulting at http://www.ChuckSolomon.com When not not working, Mr. Solomon enjoys hiking, kayaking, cooking, traveling, coaching youth sports and spending time with his family.
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While homeowners pay 1 1/2 - 2 % per year for financial advisors, just to handle a portfolio, the Remodeler Specialist must be responsible for outlaying the homes needs correctly, as well as managing the trades that perform the work. The white paper doesn't address a recommended fee structure for this type of work, and I think that 10-15% over all costs is an adequate fee.
The initial inspection should carry a per foot cost, and perhaps a cost per bathroom, and type of construction used, as well as the age of the home. $350-750 wood be a fair range for documenting this information, as well as a small yearly fee for keeping this information at the ready for repairs that surface.
The info should be downloadable for the homeowner, but reside in a space that will always be accessible to the homeowner, the specialist, as well as any trades invited to look at the work.
I like the idea of using a remodeling contractor that is adequately registered, licensed, and insured. Most usually have a good listing of reliable tradesmen.
I also would like to see subcontractors interested in this type of work sign up and present their credentials for the remodelers and homeowners to review. The key is funneling this work through a system so that homeowners working around the contractor pay a fee for access to the tradesmen. All communication would need to be handled through an independent party that gets a small fee for all work done, in exchange for directing the homeowners to the person who best fits their need. This will be an interesting system to design, and I would be happy to help in its design.
From: Gerry Gerber. 314-805-3781