The value of a skilled general contractor lies in their ability to provide high-level service that enhances the overall experience, with quality home improvement services necessitating substantial investments in hidden details, often resulting in higher costs due to the allocation of significant resources, including time, expertise, and finances.
In construction, it's typically advisable to aim for an overhead percentage between 10% and 11%, as deviations may indicate potential expense inefficiencies.
For smaller projects, such as a $16,000 bathroom remodel, contractors may request a 50% deposit, whereas for larger endeavors like a $100,000 full-home renovation, a deposit ranging from 10% to 20% is generally more customary.
Remember that estimates provide a rough idea of the price and serve as an initial guide, while quotes are legally binding and should only be relied upon when the costs are certain.