Managing the Mess: What to Do When Your Remodel Doesn’t Go as Planned | Loren Wood
In this conversation, Loren Wood of Loren Wood Builders discusses the complexities of renovation projects, emphasizing the inevitability of challenges and the importance of communication and clear expectations. Loren shares insights on navigating unexpected discoveries, understanding change orders, and the ethical responsibilities of builders. The discussion highlights the role of lenders in providing accountability and the significance of thorough contracts in minimizing conflicts.
Takeaways
- Things will go wrong in a construction project.
- It’s not if something’s going to go wrong, but when.
- The right team is crucial for handling challenges.
- Clear communication can resolve conflicts between parties.
- Change orders are necessary for unexpected issues.
- Contingency funds are essential for renovations.
- Warranties reflect a builder’s commitment to quality.
- Building trust with clients is vital for success.
- Thorough contracts help set clear expectations.
- Having a lender involved adds accountability.
Chapters
- 00:00 Introduction to Lauren Wood and Her Company
- 04:32 Navigating Challenges in Renovation Projects
- 11:32 Understanding Change Orders and Contingency Plans
- 24:36 The Importance of Contracts in Construction
- 28:07 Navigating Emotional Conflicts in Home Renovations
- 30:15 Learning from Mistakes: Improving Processes
- 34:08 The Role of Clear Communication in Avoiding Conflicts
- 36:34 The Value of Third-Party Accountability
- 42:16 Warranties and Long-Term Relationships in Construction
- 44:54 Compliance Disclosure
