Renovating your home is a great way to increase its value before selling it or to make your home better suit your current needs and lifestyle. The majority of homeowners trust their renovations to a contractor, but things can go awry if it doesn’t go well. Be on the lookout for the following red flags when hiring a contractor to work on your home.
They demand cash upfront. While a deposit is to be expected, there’s little incentive to finish a job for shady contractors if they’re paid up front. There’s no reason to pay upfront, and typically contractors are paid in increments as the work is completed or upon completion.
They don’t want a contract. A contract protects both the client and the contractor, so any honest contractor will not do a job without one. A contract that lays out the cost of the project as well as the expected timeline is essential for avoiding frustrations later.
They aren’t licensed or insured. An honest contractor should easily be able to provide proof of their license or insurance, but if they can’t it’s time to walk away.
Low bids. Everyone loves a bargain and of course someone’s bid has to be on the bottom – but a company consistently underbidding every other company by a large amount could be cutting corners or using sub-par materials.