Your Contract With A Contractor
We all dream of creating a perfect castle from our homes. If you are ready to take the plunge and hire a contractor, there are a few things that you should know before the hammer starts swinging. A clear-cut contract is your first step to creating your dream home.
It seems that everyone is thinking about home improvements. Some jobs are relatively small, like a little landscaping or a new kitchen floor. Others, like swimming pool installations, are more extravagant. Large or small, if your job requires the services of a hired professional, then you need to have a home improvement contract.
What do you need to know before signing the dotted line?
Shop Around
Don’t be too quick to sign a contract with the first home improvement professional you meet. Speak with people you know and trust, and ask for referrals. Compile a list of contractor names along with their professional license numbers. This information is essential for performing background checks through services like the Better Business Bureau and local state or provincial Consumer Affairs’ business licensing divisions.
Search names and numbers, and follow up on any complaints that may have been issued against the contractors. Be as thorough as you would while checking references for a new employee.
Treat Terms with Care
You’ve done all of your background checks and chosen your contractor. Now, it’s time to negotiate and sign your home improvement contract. There is a list of concise information that you should look for in your written home improvement contract.
First of all, look for the full information of the building contractor or company, including the professional license number. Make sure that your home improvement contract includes every detail of the project, including start and completion dates. All financial details like material costs, labor fees and payment arrangements must also be clearly disclosed.
A “right to cancel” clause is an important point to look for in your contract. This gives you the opportunity to change your mind about the contract after you’ve signed it. You should have no less than three days’ grace, during which time you are free to cancel. You should also be protected, by means of your contract, should you come up against unforeseen circumstances that prevent completion of the project.
Don’t forget to list the small items on your contract as well. While the contractors are working on your property, they are going to require the use of certain facilities. For example, let them know if you are uncomfortable with them using your washroom and telephone. In this case, they’ll need to make alternate arrangements.
Cover Your Assets
Keep a copy of the home improvement contract that’s been signed by you and the contractor. This document must be filed in a safe place after the project has been completed. Be sure that any guarantees are clearly shown on the contract to provide legal backing if there is a problem with the materials or workmanship. You shouldn’t pay more than the minimum guaranteed down payment or pay the remainder of the agreed price until the project has been completely finished and all of the debris has been cleared away.
You have a responsibility to protect your property and your own best interests. Never sign a home improvement contract if it is not completely filled in. Take the time to read the contract in its entirety. If any of the terms confuse you, don’t be afraid to ask questions. After all, your home is your castle, and a home improvement contract should offer all the protection you need.
