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How to Password Protect Home Remodeling Contract

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[Music] hi im joseph patrick co-founder of lamont brothers and in todays video i want to give you some tips in what you should look for in a remodeling construction contract when you review one with your remodeler now to start with im going to preface this by saying this is not legal advice at all in any way whatsoever these are just a few tips from us having observed a lot of clients over the past decade know whats in our construction contract but also talk to a lot of people who have signed the contracts that they regretted later or started relationships with contractors that they regretted i want to help you spot some things and avoid getting into a bad situation the first thing you need to look for in a construction contract is an exhaustive scope of work its supposed to be a construction contract is supposed to be good communication about whats going to happen during the project and so that scope of work is essential it has to include everything that you want and not leave

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Got questions?

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How do you prevent a contractor from ripping you off?

4 Tips to Avoid Getting Ripped Off by a Contractor Do your homework. Solicit at least three bids for your project and check Angies List, industry associations and previous clients references before hiring. Vet and verify. Negotiate a detailed contract. Ask for a detailed outline of costs.

What is the safest way to pay a contractor?

Paying through a credit card is usually the safest and the most effective way of paying your contractor. You can organize your credit card payments into convenient installments through direct deposit. It also provides more substantial proof that youve paid your contractor how much and when.

What are the 5 elements of a construction contract?

5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.

What should I look for in a renovation contractor?

What Should You Look for in a Home Renovation Contractor? Insured and Licensed. Offer a Detailed Contract. Discuss Guidelines with You. Show You Work Samples. Reasonable Payment Plan. Reputation and Experience. References and Good Reviews.

How do you protect yourself when working with a contractor?

Protect Yourself When Hiring a Contractor Get Proof of Bonding, Licenses, and Insurance. Dont Base Your Decision Solely on Price. Ask for References. Avoid Paying Too Much Upfront. Secure a Written Contract. Be Wary of Pressure and Scare Tactics. Consider Hiring Specialized Pros for Additional Guidance. Go With Your Gut.

What to do if you get scammed by a contractor?

IF YOU OR SOMEONE YOU KNOW HAS BEEN THE VICTIM OF A SCAM, PLEASE CONTACT YOUR LOCAL LAW ENFORCEMENT AGENCY. natural disasters should be cautious of contractors seeking to take advantage of their misfortune.

What should you not do when renovating?

Here are some of the most common home renovations mistakes to avoid: Setting an unrealistic budget. Not complementing the original architectural style. Sacrificing function for form. Being too trendy. Installing new appliances last. Buying furniture and home dcor too early. Not ordering extra flooring. Focusing on appearance.

What to look for in a contract with a general contractor?

Here are some basic contract inclusions you can expect to see from all reputable contractors: Name and contact information of the contractor. Property description where the job to be done will take place. Subcontractor specifications. Project scope. Project cost. Relevant dates. Insurance. Warranty period.

Do I need a license to do renovations in Ontario?

A Building Renovator licence is required for all businesses that provides services to repair or renovate buildings and structures, including any business that advertises renovation services.

What to Know Before working with a contractor?

Hiring a Contractor Checklist and Tips Get Multiple Estimates. Hire Local, Licensed Contractors Whenever Possible. Check Their Past Work. Take Your Time Making a Sound Decision. Check Their Insurance and Bonding. Get Everything in Writing. Understand Your Right to Cancel. Dont Pay Up-Front.

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