It’s exciting to rehab an investment property. Maybe you’re a creative person and are looking forward to getting your hands dirty on a new project. While there are plenty of jobs on the site that you can do yourself, it is recommended that you hire out a licensed contractor for risky jobs. Plumbing, foundation, roofing, and electrical work are just a handful of the jobs that should be completed by a licensed contractor. These professionals are insured and certified, as there are risks associated with the job itself.
Finding a good contractor is a critical decision for your home flipping project. You want your renovation to be safe, as well as the final product. The best way to make this decision is to interview several contractors before selecting the right one for your job. You should definitely ask some questions to clear the air and clarify the details of your project with your contractor before they bring in a crew to knock down the walls of your home.
What kind of questions ought you be asking?
- What is your previous experience?
This question gets you chatting in the right direction. It helps you determine determine whether the contractor is licensed. You discover more about the contractor’s skillset and history in the industry. This is a great opportunity to learn about potential references and hear stories about their experience with the contractor.
- What guarantees do you offer?
Most contractors offer warranties on their work they produce. This could be related to their timeline and expectations, or actual craftsmanship on the products they included in your project.
- What type of contract will we create?
You may become buddies with your contractor and agree about the scope of your renovation, but when things go wrong, you want to have a contract to refer back to. It is important to agree about dates of starting and completion, schedules, payment, and type of work in writing with your general contractor. Be as detailed as possible.
These are just a handful of questions you should be asking your contractor. For more, please see 10 Questions you Should Ask your Contractor on CenterStreetLending.com.