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When hiring contractors for home repair, a written contract is essential for protection against dishonesty. Many states require contracts for projects exceeding $500. Key elements to include are: the project start and completion dates, the contractor’s responsibility for permits, payment schedule, detailed list of materials (with costs, colors, types, and brands), warranties, handling of change orders, cleanup responsibilities, and your right to cancel within three business days. There are two contract types: fixed price and time and materials. A fixed price contract details all costs and protects against exceeding the original estimate, helping to prevent budget overruns.