Troy's Newsletter Finding a good contractor
Things to consider when hiring a contractor.
Increasing your property value often entails costly remodeling projects. Whether you have a fixer-upper, rental property, or a great home, you'll probably hire a contractor sooner or later to finish the basement, remodel the kitchen, or renovate other rooms. Make your decisions carefully. Kitchen and bathroom remodels and additions often add the most value to your property, although they are often the most costly. When hiring a contractor to complete these projects cost should not be the determining factor. There are many things to consider.
- Experience. The failure of most fledgling contractors can be blamed on poor work habits and shoddy business practices, according to the Small Business Administration. Choose a contractor with a minimum of five years of experience.
- License. Most contractors are licensed by the state. While a license alone doesn't guarantee an excellent contractor, it is one way to weed out unlicensed amateurs. Some states also record complaints filed against contractors—you can look these up using the contractor's license number.
- Capital. A contractor with five years of experience and a solid record and will in all probability, stay in business long enough to complete your project. You should investigate and make sure the contractor has sufficient capital and doesn't need your business to pay this month's bills.
- Insurance. The contractor should carry workers' compensation and general liability insurance. Lack of insurance could leave you liable for any injuries suffered on the job. Get copies of policies from the contractor's insurance company.
- Workmanship. Many contractors carry photo books to show samples of their work. But the only way to judge the workmanship is through an on-site inspection. Ask the contractor for names of recent clients, and arrange to examine projects similar to yours.
- Teamwork. The best contractors are those who care about the project as much as you do. Choose whether you want to be involved in every decision or leave details to the expert and hire your contractor accordingly.
Contact me for all you building needs: TROYBFRENCH@HOTMAIL.COM
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