| Indeed, we
may have, had not our Irish friend set us straight. We found another plumber
who installed the entire bathroom for less than the first guy's quote for
the tub.
Lesson #3
when navigating a renovation in a foreign locale: Seek local advice.
This renovation
of Lahardan House in County Waterford was our first. It was followed by
the complete renovation of a 350-year-old building in Casco Viejo (into
three apartments and office space for our staff in Panama City), the rehabs
of three apartments in Buenos Aires (rental properties), the refurbishment
of two apartments in Paris (also rentals), a 200-year-old casa in Granada,
Nicaragua (still in process and not going entirely according to plan),
then, two-and-a-half years ago, another apartment in Paris, this one for
personal use.
By this time,
we were feeling confident of our skills as renovators abroad. We've been
around this block enough times now, we thought to ourselves, that this
further effort in the City of Light will be a piece of cake.
We engaged
a colleague to manage the work for us. He told us it'd take two to three
months to do what we wanted to do and would cost 40,000 to 50,000 euro.
We closed on
the apartment late June. Our project manager set immediately to work with
a crew of six. We made plans to move in the first of September, understanding
that the work probably would not be complete but having no choice, as we
needed to be in place in time for the children to start school.
Meantime, we
put aside 70,000 euro, allowing for "overages."
Late August,
it was clear we wouldn't be able to live in the place anytime soon. Most
rooms still had no flooring, and we were weeks away, as far as I could
tell, from a kitchen.
We rented an
apartment across town to wait it out.
October came
and went…November… Our one-bedroom rental with a mezzanine space where
the two children slept grew cozier as the weeks wore on.
Sometime in
October we passed the 70,000 euro mark. Still, the invoices came. And now
our project manager couldn't quite commit to a final cost. Neither could
he explain why the original budget had been so far off. We'd made no big
changes to the work specs…discovered no great hidden problems along the
way.
Bottom line,
the original estimates, for both time and cost, had been wrong. I'm sure
not intentionally, but carelessly. We, foolishly, had accepted them without
question.
We moved in
in December, in time for Christmas, though the kitchen wasn't finished,
nor the bookcases, meaning mountains of books and boxes in the living room.
The work was
finally complete in February. The total cost (dare I quote it, for fear
Lief may be reading this) was 120,000 euro.
Our guy in
Paris, I guess, had an opposite strategy to his counterpart in Waterford.
Rather than quoting a ridiculously big amount, to see if the sucker buyers
(that is, we) might go for it…he'd quoted an absurdly small amount, assuming
the sucker buyers would go for it and have no choice but to stick it out
once the work had begun.
Indeed, were
we going to ask his Romanian crew (who spoke not a word of English and
little French) to aller?
The Romanians,
by the way, did great work. We're pleased with the finished product. But,
thanks to their boss, we learned…
Lesson #4
when renovating a piece of real estate: The estimated cost for the
work is just that--an estimate. If the total cost in the end is less than
twice the estimate, count yourself lucky.
Kathleen Peddicord
Publisher,
International Living |