It’s finally time to tackle that big home improvement project you’ve always wanted to do. Or you may have waited so long that now you NEED to do the project. Which leads to your first question: “Where do I start?”
Well, the truth is… some jobs are simply too big, too complicated, or too time-consuming to handle on your own. Whether you’re remodeling a kitchen, installing gutters, or changing electrical wiring for your business, chances are you need an expert.
A contractor or subcontractor can be your “knight in shining armor” when it comes to completing your project. But wait… you’ve heard so many “shady contractor” horror stories that you’re starting to rethink this remodel. But statistics show that the vast majority of contractors are honest, hard-working professionals. Most people are happy with any improvement project they undertake.
“Fine,” you say. “How can I protect myself and make sure I find a great contractor?” I’m glad you asked. Here are some standard tips you can follow to make sure your repair, remodel, or installation goes smoothly:
or Do you have a license? Most states require a contractor to be licensed to operate in that state. Once you find a contractor (referrals from friends, the yellow pages, or you can click here at http://www.constructiondeal.com to find an expert), you should check to see if he or she has a local contracting license to Do the job.
o Check References: Get at least three references from satisfied customers. And if you want to get really freaked out, go to the contractor’s current job site. See if the site is messy. Are the workers taking care of the property?
o Get Bids – If you have the luxury, get multiple bids from various contractors. Don’t always assume the lowest bid is the best, because that contractor may be desperate for work or may take shortcuts on the job. But if you source contractors from multiple sources, you could get a great deal.
o Get it in writing: The days of the “handshake deal” are long gone. Get a detailed contract and include everything (even if the project doesn’t involve the kitchen sink!)
o Do you take a check? Never pay cash. Can you say, “Proof of payment”? I thought I could… Keep records of all payments (for example: 10% down, 20% by one date, another 20% by another date, final payment when work is complete, etc.) and pay with check or credit card only.
“Wait a minute!” you protest, “That sounds like a lot of work!”
For sure yes. Because it’s a lot of work. If you think a renovation or remodeling job is expensive, imagine paying twice for it! Do your homework and you will avoid being one more of the horror stories.
“Are there any warning signs of a bad contractor?” you ask. Boy, you sure ask a lot of questions. And this is good. Always ask lots of questions. The more you know, the better prepared you will be to handle the unexpected.
Okay, so these are signs that a contractor could be one step away from going to jail:
o If required by the state, your contractor does not want to show you his license. Or it won’t give you references. Or you two don’t get along. Keep in mind: This person may be at her home, working closely with you for several months. You better get along!
o Your contractor wants you to pay for the entire project… up front. Run for the hills.
o Your contractor has a “friend” in the financing business who can get you a “good deal” on a loan for your project. What will actually happen is that you will end up with a huge “second mortgage” at a ridiculously “high” rate and your “contractor” just got a hefty “commission” for the deal.
o Your contractor does not have a business address, business card, and the contractor appears to be sleeping in his truck. Run real fast up those hills…
Alright. Now that you know the warning signs, you should take a look at some signs that you may have found a really good contractor:
o The contractor has at least 4-5 years of experience. It shows that they can run their business and complete their projects.
o The contractor has insurance. Liability and worker’s compensation are the most important types of coverage to ensure everyone is covered.
o The contractor has more than references – they may even carry a photo book showing previous work projects that have been completed.
o The contractor provides cost breakdowns for the work. These breakdowns show specific details of what it will cost to complete the project.
o The contractor is flexible. Communicate all your requirements and specifications for the project. Whether the two of you decide you want to supervise the work or you want to let the contractor make all the decisions, your contractor will be flexible enough to work with you.
“Okay, am I ready?” Yes, you are now ready to hire a professional to help you get your home or business improvement project off the ground. One of the best ways to protect yourself is the act of due diligence. Webster’s defines due diligence as: “The care that a prudent person is expected to exercise in examining and evaluating risks affecting a business transaction.” In simplified terms – Do your homework. And you will do well.
Have fun and make the most of your experience.
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