ValEquity has completed several "Things You Should Know" articles, each revolving around different topics to help you in your decision making. We simply want to help you avoid common mistakes when taking on a home remodeling project. In this article we cover tips on what to look out for with contractors.
Many times, people begin their construction process by requesting quotes from a bunch of different contractors. While we do tell our clients to get multiple bids, it is important to compare apples to apples and find the best fit for you, and your home.
Things to Look Out For
Make sure the contractor is licensed!
The contractor should have an additional liability insurance policy. This is just in case any workers get hurt at your home while on the job. The additional insurance certificate is submitted to the city when permits are applied for.
3. Beware of Mechanics Lien Laws
If you don't pay the contractor, a lien can be filed against your home. And, if the contractor can't pay the sub-contractors, then the sub-contractors can also file a lien against your property.
Ask for references! It is a good sign when the contractor invites you to see their completed projects and even talk with past clients.
5. Getting an Estimate
Have your contractor describe in detail the scope of work on the project. From visiting the job site, the contractor should have a solid idea of what it's going to take to achieve what you're desired outcome.
Don't under value the importance of a contractors' ethics. A professional will put his clients' interests as a top priority. Hiring an honest contractor is always less expensive than hiring a dishonest one. Be wary of an initially low price. An unethical contractor will hit you with subliminal costs that were not reflected in their original estimate.
During your initial meeting with the contractor, an important personality trait to consider is how he/she communicates with you. Ask yourself...