Draw up a contract that particulars every step of the challenge: value schedule; proof of legal responsibility insurance coverage protection and worker’s compensation funds; a begin date and projected completion date; explicit supplies and merchandise to be used; and a requirement that the contractor acquire lien releases (which shield you if he doesn’t pay his payments) from all subcontractors and suppliers. Insisting on a clear contract is not about distrust, Tom assures us. It is about insuring a profitable renovation.
Some state legal guidelines restrict the amount of cash a contractor can request as a down fee. Contact your state or local shopper company to search out out the laws in your area. Ask for a list so you probably can see how acquainted the contractor is together with your sort of mission.
Sooner than you contract to have a house constructed or to have repairs or remodeling executed … Read More