Hiring A Contractor

BACK

MAINTAINING & IMPROVING YOUR PROPERTY
Building Permits & Zoning
Fixer-Upper Loans
Hiring a Contractor
Improving Your Real Estate
Insurance

OTHER OWNERSHIP ISSUES
Avoiding Foreclosure
Home Price Appreciation
Homeowner Associations
Property Taxes
Reversed Annuity Mortgages (RAMs)
Refinancing
Tax Considerations  

What are some guidelines to follow when trying to find a contractor? ANSWER: While hiring contractors recommended by friends is usually a safe route, never hire a construction professional without first checking him or her out. If your state has a licensing board for contractors, call to find out if there are any outstanding complaints against that license holder. Also, call your local Better Business Bureau to see if there are any complaints on file.

If you are satisfied with the answers you find there, interview the contractor candidates. Ask what kind of worker's compensation insurance they carry and get policy and insurance company phone numbers so you can verify the information. If they are not covered, you could be liable for any work-related injury incurred during the project. Also be sure that the contractor has an umbrella general liability policy. If they pass the insurance hurdle, next check some of their references. A good contractor will be happy to provide as many as you want. Finally, don't let yourself be rushed into making a decision no matter how competitive the market may seem. Also, never pay a deposit to a contractor at the first meeting. You may end up losing your money.

Where do I get information on remodeling?
ANSWER
:Try these sources:
 * National Association of the Remodeling Industry, 780 Lee St., Ste 200, Dex Plaines, IL 60016; (800) 611-6274; nari.org.
 * "Rehab a Home With HUDs 203(K)," published by the U.S. Department of Housing and Urban Development, 451 7th St., Washington, DC 20410; call (202) 708-1112; hud.gov.
 * "Cost vs. Value Report," by Remodeling magazine, 1 Thomas Circle, N.W., Suite 600, Washington, DC 20005; remodeling.hw.net. $8.95 per copy; call (202) 736-3447 for credit card orders.
 * "The Do-able Renewable Home," a booklet published by the American Association of Retired Persons, available online at homemods.org.

BACK TO TOP


 

  

Metro Brokers North Home ] [ About Metro Brokers North ] [ Agents Wanted ] [ Contact ]
Brokers ] [ Metro North Team ]
Featured Retailer ] [ Feedback ] [ Links ] [ Search for Homes ] [ Articles ] [ Relocation ]
2008 © Metro Brokers North - All Rights Reserved - Promoted by Visionquest Promotions