- How long have you been in business?
- Do you have a contracting license and proper insurance?
- Will you obtain the permits and set up the inspections required?
- What’s the timeline for the project?
- What does the payment schedule look like?
- Is there a dedicated team working on my project?
What are good questions to ask a contractor?
- Would You Please Itemize Your Bid?
- Is Your Bid an Estimate or a Fixed Price?
- How Long Have You Been Doing Business in This Town?
- Who Are Your Main Suppliers?
- I’d Like to Meet the Job Foreman — Can You Take Me to a Project He’s Running.
What should you not say to a contractor?
- Never Tell a Contractor They are the Only One Bidding on the Job.
- Don’t Tell a Contractor Your Budget.
- Never Ask a Contractor for a Discount if You Pay Upfront.
- Don’t Tell a Contractor That You Aren’t in A Hurry.
- Do Not Let a Contractor Choose the Materials.
What should I look for in a remodeling contract?
The contract should include a project description that thoroughly outlines all of the work, materials, and products that will go into the job. That includes everything from what will be demolished to what will be constructed—and each different material and fixture that will be used, with its associated cost.
How do I talk to my contractor?
- Establish A Communication Schedule for Renovations.
- Construction Workers’ Accommodations.
- Ask for All Renovation Changes in Writing.
- Renovation Progress Reports and Walkthroughs.
- Be Clear and Direct.
What do I tell a contractor?
- Rip Off the Bandaid. Contractors appreciate hearing back from clients if they’ve submitted a bid but didn’t get the job.
- Email (Don’t Call)
- Thank Them for Their Time.
- Provide Honest Feedback.
- Stay Positive.
- Leave the Door Open.
What is the first thing you check when a contractor arrives?
You need to check that any contractor you engage has the ability to fulfil their contract with you. You can look at their past job history and performance, their income, the size of their business, and whether they’ve filed for bankruptcy.
How do I know if my contractor’s price is too high?
- “Gosh, I didn’t think it cost this much.”
- “OK, is there any sort of discount if I pay cash?”
- “Well, guess I’ll need to wait till next year.”
- “I’m still waiting on some other estimates.”
- “That’s quite a bit higher than I thought it would be.”
Is it normal to pay a contractor half up front?
The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $16,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%–20% deposit is more typical.
What questions should I ask a contractor when building a house?
Their suggestions: Ask what they think of your project, what ideas they can offer to improve it or get more value for the money. Their estimate: Ask for an initial “ballpark” estimate of costs for your project and when it could be started and finished.
Do you interview a contractor?
While applying for a general contractor position, it’s important to prepare for interviews so you can understand what to expect during the hiring process and develop interviewing techniques to help you successfully get a job.
Should an estimate be itemized?
When a homeowner calls you for an estimate, do you know what they’re looking for? Often, if you’re trying to gain homeowner trust and win a repeat customer, you’ll want to provide the most accurate estimate you can. Doing so with an itemized quote can help the transparency between you and your customer.
Can a contractor charge more than the quote?
Getting a quote. A quote is an offer to do a job for an exact price. Once you accept a quote, the contractor can’t charge you more than the agreed price unless you agree to extra work, or the scope of the job changes while it is underway. Legally, this is known as a variation to your contract.
What is contract for renovation?
A renovation contract is a type of home improvement contract that outlines important aspects of a remodeling job in real estate.
Do construction contracts have to be in writing?
Construction contracts do not necessarily have to be in writing. All states in the U.S. have a law – generally known as a statute of frauds – that requires certain types of contracts to be in writing in order to be a legally enforceable agreement.
What do I need to know before meeting a contractor?
- Gather any project ideas and information you’ve collected.
- Prepare a comprehensive list of “needs” and “wants.”
- Determine your desired budget and your maximum budget.
- Compile a list of specific questions for the contractor.
How do I protect myself when hiring a contractor?
- Get Proof of Bonding, Licenses, and Insurance.
- Don’t 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.
Should you pay a contractor before or after the job is done?
Payment Should Be Tied to Milestones That means that any payment made to the contractor after the initial deposit must be in relation to how much work is completed but always make sure you “hold back” 10% on invoices to be paid at the very end of the job when all items are complete.
Should I give my contractor my budget?
When you are meeting with contractors to get estimates for a remodeling project, most representatives will ask for your budget range. If you have ever asked yourself if you should provide your contractor with a remodel budget, the answer is YES.
How do you negotiate with a contractor?
- Set the Right Tone.
- Talk with Previous Clients.
- Get Multiple Bids.
- Get Details in Writing.
- Be Clear About Your Budget.
- Ask for Help Trimming Costs.
- Be Creative About Reducing the Price Tag.
- Know Who to Call if Things Go Sideways.
Should a contractor ask for your budget?
By knowing the budget, your contractor can guide you toward achieving realistic goals within a budget. They have expert knowledge to determine which tasks are achievable within your budget, and which aspects of the project to put on the back burner.
What should you expect from a contractor?
A detailed, written contract. It should also include details on the work, a schedule and a detailed price for each aspect of the job. The contract should also verify the permits or inspections your project will require.
Do you give your contractor a key?
You can give a key to the contractor, who can let workers in and lock up. Or you can put the key in a lockbox, allowing each subcontractor access. Or you can decline to give out any keys, and be in charge of letting workers in.
How much do contractors mark up material?
Markups vary from one contractor to the next and possibly from one project to the next. But as a general guide, the typical markup on materials will be between 7.5 and 10%. However, some contractors will mark up materials as much as 20 percent, according to the Corporate Finance Institute.
Do contractors overcharge?
Although a 10-20% project cost overrun is normal with even ‘good’ contractors, a 50-100% cost overrun is not normal and could be indicative of a dishonest or bad contractor. Some cost overruns are normal because contractors must make some assumptions upfront about things they cannot see.