ConstructionDeal.com Update

It's always important, when taking on any home improvement project, to make sure you're aware of the entire renovation process. And that includes starting everything off right with your contract between you and your general contractor.

Here are some tips on things to put in your official contract before you sign on the dotted line:

• Make sure your remodeling contract states the job will pass all inspections and if it does not, then the contractor will cover the expense to fix any problems.
  

• Be sure all the financial terms of the contract are clear and concise. Lay out a specific payment amount or percentage of the total bill and list when those payments will be made.
  

• The contract should stipulate the total price, schedule, payment dates, and if there is a cancellation penalty.
  

• Down payments are usually 10% of the total project cost. If you receive a contract that strays from this, talk it over with the contractor or walk away from their services. Excessive amounts up-front could be a warning sign.
  

• The contract is a legally binding document that gives details of the expectations and responsibilities of both parties involved (including subcontractors.) It clarifies the goals of both homeowner and the contractor, and protects everyone's rights regarding the remodeling project.

If you need to find a quality contractor for your next building, remodeling or home repair project check out our network of service professionals at ConstructionDeal.com!

Labels: Contracts, Home Improvement, Home Renovation