Remodel My House: How To Do It Right by Dwight Chung

Author:Dwight Chung [Chung, Dwight]
Language: eng
Format: epub
Tags: remodel your home, home improvement, home improvement electrical, home improvement journal, home improvement tools, home décor, home remodeling, home renovation, home repair
Publisher: Speedy Publishing LLC
Published: 0101-01-01T00:00:00+00:00

Comprehensible and Clear – The contract should be clear about everything you need. It should be readable and should not be full of fluff. Make sure that the contractor’s obligations are clearly detailed and the details about the home remodel project like materials required and other similar things are mentioned clearly. There should be no scope for ambiguity in the contract.

Payment Plan – Most homeowners end up complaining that the money they paid upfront was too much, and they were cheated by the contractor. The problem with this is that the contracts are time-based and that shouldn’t be the case. Don’t use time periods in your payment plan but instead, go for completion based milestones.

The down payment should not be more than 15% ($2500 maximum) because you can’t pay the contractor more than that before they have even reviewed your house. Then, set four more milestones at which payment would be made. For instance, if the remodel plan includes stud walls installation, electrical and plumbing, give 25% to each of these major areas and the rest after completion which would make the final installment. Always wait for a section to get finished completely before you make the payment.

This strictness would let you control the work and would also keep the contractors in check since they know that their payment is based on the kind of work they perform. Thus, if they work more efficiently, the payment would be made sooner. Also, never pay the final 10% until you have had time to review their work. This could take about 30 days after everything has been finished in your home remodel project. This is permitted by law, and you are not being unreasonable.

Holding back the last 10% would let you experience the remodeled home and if any issues arise, you can ask the contractor to work again and make the repairs. Thus, you will force them to fix the house before you make the final payment. It is a prudent step in home remodeling.

Escalation Clause – The limit for escalation is 10% unless you specify and agree in writing to pay more. The original quote usually takes care of calamities if the contractor is good and knows their job.

Fixed Dates for Start and Finish – You need to have some control over the time as well, which is why start and finish dates should to be specified. In Ontario, Canada, any work completed 30 days after the agreed date of completion would make the contract void. Make sure that you fix the dates reasonably but also ensure that the contractor is working on schedule.

A home remodel permit is usually required if your home remodel project involves a little more than painting. During the project construction and completion, these permits would take care of your safety. Also, correct permits would go on to increase the value of your house and would benefit you. Here’s how you can get a home permit:

Start Early - It is not legal to start the remodeling and building project unless you have the desired permits.

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