At one point or another, homeowners consider doing some remodeling. But, renovations can get complicated when the time comes to consult a contractor. Whether it’s for minor changes, or large-scale projects, it’s important to set the right tone when doing business with contractors. Going into the process with naïve expectations is a recipe for disaster.
Home Improvement is a Negotiation:
Remodeling Expert Dan Stout cautions that, “It's easy to get excited when your contractor is in a groove, and it seems like there's constant, positive progress. Unfortunately, most projects have their share of hiccups. And depending on how your contractor reacts, they can potentially bring the project to a screeching halt. The majority of issues between contractors and homeowners boil down to miscommunication.” Here are a few advisable tips on how to professionally transact with contractors:
1. DO Hire Licensed Contractors:
Contractors are only credible if they’re licensed to do construction work. Trusting your property to untrained professionals can create hazardous problems, and financial liabilities.
2. DON’T Depend on Verbal Agreements:
Using gentlemen’s agreements with contractors in a big No No. Because as soon as anything goes over budget, misunderstandings will emerge. Written agreements provide a reference-point that cannot be denied or amended.
3. DO Pay in Installments:
Paying up-front for construction work is equivalent to purchasing a product you’ve never seen. The legal way to compensate contractors is by setting a down payment (which doesn’t exceed 10% of the total contract price), and completing payment upon satisfied service-delivery.
4. DON’T Pay in Cash:
Paying contractors in cash is a bad idea. Primarily because cash payments do not establish a written record of financial exchanges. Considering how expensive construction work can be, It’s prudent to facilitate payments via check, or digital payment.
Working with contractors is sensitive. Primarily because their services are costly, and full of uncertainty. Before getting started with any construction work, homeowners should practice due diligence. There’s nothing wrong with hoping for the best, but it’s also necessary to prevent the worst from happening. For more information, visit our website or give us a call at 1-800-639-7654 to find out how Adriana’s Insurance Services can help you stay safe. We got you covered!