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How To Hire A Contractor To Build Your Home Part - 3
Posted by fccmo02 on August 27th Ichiro Suzuki Marlins Jersey , 2018


1. Ask for Recommendations!


Start with your friends and family and then check in with the Home Builders Association of Greater Springfield for a list of members. You can also talk with a building inspector, who’ll know which contractors routinely meet code requirements, pay a visit to your local lumberyard Ryon Healy Youth Jersey , which sees contractors regularly and knows which ones buy quality materials and pay their bills on time. Another easy way to ask for recommendations from a broader range of acquaintances is to make a “looking for recommendations” post on Facebook. Your Facebook friends will love to tell you which contractors were amazing, and also which ones to avoid.


2. Complete Phone Interviews.


Here’s a few key questions to ask: Are you insured & what type(s) of insurance do they carry. Do they take on projects of your size?
Are they willing to provide financial references, from suppliers or banks? Can they give you a list of previous clients as references? How many other projects would they have going at the same time? How long have they worked with their subcontractors?


The answers to these questions will give you insight to the company’s availability Kyle Seager Youth Jersey , reliability, how much attention they’ll be able to give your project and how smoothly the work will go.


3. Have a Face to Face Meeting.


Based on the phone interviews, pick three or four contractors to meet for estimates and further discussion. A contractor should be able to answer your questions satisfactorily and in a manner that puts you at ease about your upcoming. It’s imperative that you two communicate well because this person will be in your home for hours Dee Gordon Youth Jersey , days & even weeks at a time. On the other hand, don’t let personality fool you. Check in with your Missouri’s consumer protection agency and the Springfield Better Business Bureau to make sure contractors don’t have a history of disputes with clients or subcontractors.


4. Get Bids


You have your short list of contractors whose track records seem clean and whose work ethic looks responsible. Now it’s time to stop looking back at past work and start looking forward to your project. A good contractor will want not only a complete set of blueprints but also a sense of what homeowners want out of a project and what they plan to spend. To compare bids, ask everyone to break down the cost of materials Randy Johnson Youth Jersey , labor, profit margins and other expenses. Generally materials account for 40 percent of the total cost; the rest covers overhead and the typical profit margin, which is 15 to 20 percent.


5. Get. It. In. Writing!!!


Draw up a contract that details every step of the project: payment schedule; proof of liability insurance and worker’s compensation payments; a start date and projected completion date; specific materials and products to be used; and a requirement that the contractor obtain lien releases (which protect you if he doesn’t pay his bills) from all subcontractors and suppliers. Insisting on a clear contract isn’t about mistrust Ken Griffey Youth Jersey , t’s about insuring a successful renovation or new construction project.


Finally, remember that as soon as a change order is made or a problem uncovered, the price just increased and the project just got longer.


Are you losing money in all kind of speculative instruments like share Jay Buhner Youth Jersey , bonds and forex and am wondering what asset class to invest in? Why not consider real estate investment with its traditionally higher yields as compared to leaving your money in your bank account. This article will highlight four common strategies that real estate investors use to make money in property investment.


Money Making Method #1 - Purchase run down property and spruce it up This method involves finding a run down property in a good area that you think has promise for resale and sprucing it up like some of the shows where people do an extreme makeover on the property. Bring along a good structural engineer or architect when you do look for such properties so as to ensure that the renovation works that you have to do will not be so extensive that it does not become worth your while to purchase the property. Since the property is may be rather run down, you need to redecorate and repair it and then you can resell this real estate for a much higher price. The key consideration when investing in this kind of real estate is to keep your renovation costs low but ensure that the basic utilities like the electricity , water and gas pipes are in good working condition. Thus this buy at undervalue and upgrade real investment strategy requires good investment property valuation skills and the ability to keep your costs low.


Money Making Method #2 ? Find places with high rentals Find areas with traditionally high rental returns that outperform the national average and then spend time looking for them and make money from the rentals. Here in this area of real estate investment Edgar Martinez Youth Jersey , spending some time to find the real estate investment that is a bargain is a good idea so that you can get better return on investment.