The 10 Most Important Rules of Choosing and Dealing With a Contractor

Written by Razmik "Raz" Vartanian

Continued from page 1

5- Your construction loan package will include paper work forrepparttar contractor to complete. How does he handle that? The following is a list of warning signs.

a- Doesn’t haverepparttar 100003 time to completerepparttar 100004 lender’s line item cost breakdown and insists on using his own.

b- Doesn’t understand whyrepparttar 100005 lender should be asking for credit references.

c- Doesn’t see whyrepparttar 100006 construction loan lender should need to seerepparttar 100007 construction contract?

d- Insists that in his experience non ofrepparttar 100008 above are necessary and that this lender don’t know anything about construction loans.

6- Be wary ofrepparttar 100009 contractor who prefers to give a “complete package” price. No construction lender will accept that and neither should you. The line item cost breakdown does not have to be completed on every single line, butrepparttar 100010 morerepparttar 100011 merrier. Read it carefully, it will dictaterepparttar 100012 quality ofrepparttar 100013 home you end up with.

7- Demand a material’s list. You don’t needrepparttar 100014 contractor who doesn’t haverepparttar 100015 time for this. Some lenders don’t require this and when they do little attention is paid to it.

Insist on a complete list of all materials and fixtures. Go torepparttar 100016 showrooms, choose them and list your choices by make, model and /or quality. This list should be signed byrepparttar 100017 contractor and you and be made a part ofrepparttar 100018 contract.

Saying “A good kitchen will cost so many dollars per foot” doesn’t mean much when you go torepparttar 100019 showroom atrepparttar 100020 end ofrepparttar 100021 project only to find out that you hate whatrepparttar 100022 construction loan budget has allowed for.

8- As a part ofrepparttar 100023 construction loan processrepparttar 100024 contractor will be asked to provide evidence of Liability Insurance as well as evidence of Workman’s compensation.

He/She may very well not have Workman’s Compensation Insurance if he/she does not directly employ anyone. However, complaints about Liability Insurance are a sure sign of trouble.

9- As material costs are rising, payment of deposits on some deliveries may be required by suppliers and some construction loans will allow that. But be aware ofrepparttar 100025 contractor who asks for up front money.

10- Construction loan disbursements are made in stages. Never ever pay a contractor before your local county or city inspector has signed off on that stage. The lender’s inspector only verifies percentage of completion not compliance, so his approval does not mean that your local authorities will also sign off.

Razmik "Raz" Vartanian Construction Loans For Residential Properties. Expert Advice and prompt Service

Razmik “Raz” Vartanian is a mortgage broker with some 20-years experience in the industry. Raz specializes in residential construction loans and as such is quoted in MSN’s Money Central ( and The Los Angeles Times. Raz currently manages a mortgage company and is the Webmaster of

The Wireless Home

Written by Mark Donovan

Continued from page 1

The wireless protocol interconnectingrepparttar Media Adapter and Router is known as Wireless-B (802.11b). The Media Adapters typically include a Remote Control, and have user-friendly menus that are displayed onrepparttar 100002 TV. They can support JPEG, GIF, TIF, and BMP type file formats andrepparttar 100003 Remote Control can also be used for browsing your MP3 or WMA formatted music collection. Today,repparttar 100004 cost for a wireless Media Adapter is around $100, andrepparttar 100005 cost for a wireless Router is around $50.

There is still a benefit for some Cat-5 wire inrepparttar 100006 home, but without a doubt, wireless isrepparttar 100007 present and future technology for interconnecting home electronics. Definitely take a look at these products prior to paying any type of “wired” premium on a new home.

Over the past 20+ years Mr. Donovan has been involved with building homes and home additions. Mr. Donovan's formal education & profession have been as an Electrical Engineer & Marketing Manager.

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