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The
Renovation Co-op is a centrally-managed pool of professional
contractors, individual trade specialists and related
professional services that offers a safe, efficient and reliable
environment for the purchase and fulfillment of residential and
commercial renovations.
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The Co-op
is also
responsible
for the screening of its members as approved service providers for The
Canadian Renovation Funding Program.
As the Funding Program acts as a non-profit loan advisory service,
it brings homeowners together with lenders, brokers and other
financial-based
professional services. These services often refer their own clients
to the Renovation Co-op for the completion of renovations
that may be associated with an equity loan (institutional or
private mortgage, debt consolidation, etc.)
All participating lenders, brokers and other
financial-based services rely upon the Co-op
to provide and maintain a professional, no-nonsense
system of fulfilling all types of quality home
improvements for their clients.
In order to maintain its high standards, only
experienced professional contractors and individual
services that have been in the industry for 5 years or
more are accepted into Co-op membership.
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| Pricing: |
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The
Renovation Co-op maitains a state-of-the-art estimating and
project booking system that very closely resembles a
"Last
Minute Flying Club"
with "Best
Co-op Pricing"
and multiple discount programs.
For details, go to www.werenovate.com/pricing.htm |
| system |
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Every
client that is registered into The
Renovation Co-op is set up with a
personal Renovation Credit Account that
is accessible through a secure, web-based
system.
The client can apply limited portions of his/her
credit balance toward the final sale price of
renovations that are purchased through the
Co-op. |
| maximum |
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...Maximum
Credit Usage per
job |
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a client requests an estimate for a specific
type of job, the Co-op informs the client of the
current "maximum allowable percentage"
that can be deducted from the final sale price.
The allowable percentage will normally be 2-4%
of the final sale price. |
| example |
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Client
Name: |
Henry
Smith |
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Address: |
1
Main Street
Tuktiaktuk, Yukon X0X 3G3
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Renovation
Credit Balance:
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$9,300.00 |
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Type
of Job:
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Basement
Finishing |
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Standard
Retail Price: |
$40,000 |
The
Standard Retail Price
(shown in example) is the Full Price, with no
consideration given to current market conditions. However,
it is a "locked-in" price that is guaranteed for
up to 6 months. This price is more commonly used by
clients who are either purchasing a new home or
re-financing their existing home, where there may be a
long period of time before the final mortgage closing. By
purchasing the work long in advance at the STANDARD
TEMPLATE PRICE (which allows for cost increases down the
road),
the client can "lock in" the price and schedule the work to commence immediately
upon the closing. |
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Best
Co-op Price: |
$37,500 |
The
BEST CO-OP PRICE is
based upon more immediate market conditions. All
specifications pertaining to the project are sent only
to those Co-op members who regularly perform the same
type of work and at the level the job specifically calls for. The
contractor who ultimately performs the work agrees
not to exceed the BEST
CO-OP PRICE (unless
changes are later requested by the client). This is the
Co-op's method of stabilizing prices. |
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Contractor
Subsidy
Fund Discount |
$2,500 |
CONTRACTOR
SUBSIDY FUNDS:
In order to offer discounts to clients without affecting the
quality of workmanship, the Co-op sets aside a
percentage of all monthly revenues (web-based
renovation management system fees, membership fees.
etc.) and places it within a segregated, Contractor Subsidy
Fund. When a discount appears as part of an estimate, the client
pays the discounted price to the contractor, but the
contractor is later reimbursed for that discount from the
Contractor Subsidy Fund. NOTE: All subsidy amounts are
automatically segregated to guarantee full payment of discount
to the contractor. To ensure the full usage of available
subsidy monies each month, a Subsidy Fund Withdrawal Date is
normally issued pending a purchase, which prevents the funds
from being overly tied up For
more information, SEE http://www.werenovate.com/subsidy.htm. |
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Sub-Total: |
$35,000 |
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Max.
Deductible
% of sale price for job type:
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4% |
(The
max. deductible % will made
known to the client prior to the estimate. The
percentage will fluctuate based on demand for the type
of work and our fulfillment capacity at the time of the
request). |
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Net
Deduction:
(subtracted from client's
credit account) |
$1,400 |
Existing
Credit balance: |
$9,300 |
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Net Sale
Price:
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$33,600 |
Deduct
from
Credit Balance: |
$1,400 |
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New
Credit
Balance: |
$7,900 |
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Back
to Top |
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For further information
visit: www.werenovate.com/price.htm
or call 416-367-8370
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