There is a strong possibility that before you embark on a journey to renovate your home, you will be tempted to go the DIY route. While DIY home renovation tips may look simple in a book or video, it's not that easy when it comes to reality. It is, therefore, recommended that such projects should be left to home renovation contractors who have the knowledge and expertise to bring your home renovation dreams to life. Hiring the services of a home renovation contractor gives you complete peace of mind as you do not have to face the day to day challenges of procuring material, managing labor, dealing with critical issues related to structural changes, and more.
In this post, we discuss the checks you must perform before hiring a professional home renovation contractor.
1. Check Legal and Financial Status
You can check the financial status of a company by reviewing its credit history and their statement of claims. A company that is unable to meet its liabilities faces bankruptcy issues, and you must therefore, stay away from such service providers. Similarly, you must check if the company is facing any legal issues such as lawsuits that may be a hindrance in the continuation of business. The internet is your best source of information if you want to check the legal status of any entity before engaging.
2. Check Licensing
There are licensing requirements for running different businesses that differ depending on the state. Before you hire a independent home renovations contractor, ask for valid proof of licensing to ensure that the company is legitimate and complies with all relevant laws and regulations.
3. Check Qualifications
Check the qualifications of the contractors and see if they have earned any professional degrees such as Certified Bath Designer or Certified Graduate Remodeler? While experience is a reliable barometer when it comes to hiring a contractor, professional qualifications also present a great opportunity to be certain about the caliber of prospective service providers.
4. Check Insurance
Check if the company has valid business insurance to protect it in the event of peril or legal issues. Home Renovation contract companies must have personal liability, property damage coverage, and worker’s compensation cover. You should never settle for oral assurances, promises or agreements but rather, see everything in black and white. Request copies of insurance certificates and ensure that they are current. It is important for you to perform this check to avoid the risk of being held liable in case of any injuries or damages that might occur during the project.
4. Verify the Contract’s Terms
Make sure you have gone through and clearly understood the terms of the contract before you sign above the dotted line. Some of the points you cannot afford to miss include payment terms, warranty terms, sequential schedule of primary construction tasks, dispute resolution terms, and more.
Word of advice
Costs should never be the prime determinant of your choice of a home renovation contractor or firm. For example – never pay the contractor in full before the job’s done. While it is okay to pay an advance amount before work starts, it should not exceed 10% of the project cost. Make sure you get the receipts for all the payments you make to avoid any confusion in later stages.
