When remodeling or
renovating your home, nothing is more important than hiring a good
contractor. Follow these tips for choosing the right person for the
interviews. Once you've compiled your list of
NYC contractors, ask
them the following questions: Do they take on projects of your
size? Are they able to provide financial references? Are they
willing to give you a list of previous clients? How many other
projects would the NYC
contractors would be working on at the same time? Are
they properly licensed or bonded, and do they have liability
insurance and workers' compensation certificates?
research. Check your local
Better Business Bureau and or
Department Of Consumer affairs for any complaints filed against a
contractor. Call former clients to see if they were satisfied with
their project. Most importantly, visit a current job site to see
for yourself how the contractor works. Is the job safe and neat?
Are workers careful with the homeowner's property?
and bids. To compare bids, ask everyone to break down the cost of
materials, labor, profit margins and other expenses. Materials
usually account for 40 percent of the total cost. The rest covers
overhead and the typical profit margin, which is 15 to 20 percent.
payment plan. You can tell a lot about a
financial status and work ethic from his payment plan. For large
nyc remodeling, never
work with someone who demands half or more up front, or who will
only accept cash. Work out a fair system of milestones, generally
10 percent upon contract signing, three payments of 25 percent,
and the final 15 percent when every item on the punch list is
Be wary of the
NYC Contractors who
low-ball are probably cutting corners or may not be properly
insured. The most critical factor in choosing a
contractor is how
well you and he communicate. All things being equal, it's better
to spend more and get someone you're comfortable with.
Draw up a
contract. Make sure the contract details every step of the
project: payment plan, proof of liability insurance and workers'
compensation certificates; a start and end date; specific
materials to be used; and a stipulation that the
contractor obtain lien releases (which protect you if he
doesn't pay his bills) from sub
suppliers. Remember, a clear contract is the best way to ensure a