Sunday, March 2, 2008

IT'S COSTING MORE THAN I EXPECTED!

Most Contractor Cons can be avoided! There are so many things that could go wrong when in the midst of a remodeling project. The most important thing that homeowners need to realize is that EVERY project will exceed the initial budget - The only variable is by how much. That unexpected increase in expense is usually the root of most problems that occur. How you control or monitor the additional expense will eliminate the insecurity of what's reasonable. If you do not assume the final cost to be at least 15% - 20% more than the contract value, you will find yourself left with you home in shambles and no money left to have it completed.

Once a project begins, homeowners MUST document every stage of the project, including Inspection approvals, Payments made, Verbal agreements, and any additional expenses incurred that are not detailed within the Construction Agreement. What's more... homeowners must be aware of their right to withhold the final payment until you are completely satisfied with the end-result. A Final Inspection should be performed with the Contractor to ensure all your questions or issues have been addressed. There are very effective tools available to assist you in protecting yourself throughout the entire project.

ADVICE: Be aware of what's going on and Track everything that happens from start to finish. If this is done effectively, you will not only Reduce The Risk of being dissatisfied, you will be prepared in case you have to take legal action.

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