Tips for Successful Remodeling
- Always ask to see the remodeler’s proof of insurance and workers compensation. This indicates a professional approach and compliance with local regulations.
- Don’t sign a contract until all details are clear and complete. If something isn’t in the contract, legally it doesn’t exist.
- Never get your own permit for the work. Most local jurisdictions consider the person who obtained the permit to be liable. Let your contractor take the risk. It is part of what you are paying for when you hire him or her.
- Never sign for deliveries. You will be held responsible if the shipment is damaged, incomplete or incorrect. Again, allow your contractor to take this risk.
- Remember that the interest on most home equity loans is tax deductible. This makes financing a better choice than cash in most cases. Be sure to check with your financial advisor for the best course of action.
- Always follow up on references. Ask questions. Ask to see examples of the contractor’s work. Ask if the reference would hire the contractor again without hesitation. Request references for work currently in production. The contractor won’t have the opportunity to hand-pick these references, and they will be up to date. However, don’t expect perfection—there are always bumps along the road to a finished product.
- Keep receipts from the project. Investments in your home can be deducted against your capital gains taxes when you sell.
- Sit down with your remodeler before a project begins to lay ground rules. If you don’t want smoking or loud music on your property, speak up before the first hammer is raised. This prevents problems in the long run.
- Do a little research. With so many products on the market today, you may need to do a little legwork before finding exactly what you want. It pays to check out options before you make selections. Your remodeler will be able to guide you to local suppliers.
