Not everyone is aware of how to deal with contractors. Imagine that your Home Improvement Loan has been granted. What do you do next? Do you rush out and find first available contractor and offer them your cash? Not a good move. Whether you're planning an addition for a growing family or simply getting new double-glazed windows, finding a competent and reliable contractor is first step to a successful and satisfying home improvement project. Take your time to consider all your options. Do not rush into any agreement that you may later regret.
Your home may be your most valuable financial asset. That's why it's important to be cautious when you hire someone to work on it. Home improvement contractors often advertise in newspapers or Yellow Pages. However, don't consider an advert to be an indication of quality of a contractor's work. Your best bet is to find a contractor that has been used successfully by friends, family or colleagues. Get written estimates from several firms. Don't automatically choose lowest bidder.
Above all, be wary of contractors who will:
solicit door-to-door offer you discounts for finding other customers
just happens to have materials left over from a previous job
only accept cash payments
does not list a business number in local telephone directory
pressure you for an immediate decision
offer exceptionally long guarantees
ask you to pay for entire job up-front
Interview each contractor and ask:
How long have you been in business? How many projects like mine have you completed?
Will my project require a permit?
May I have a list of references? Will you be using subcontractors on this project?
What types of insurance do you carry?