Some general guidelines when hiring a contractor:
Did you know that in the province of Ontario, when you hire a contractor for any job over $50 value, there should be a written contract. Any contractor that you hire for small home renovations, home maintenance repairs and service should offer you a contract in writing. There is even a 10 day cooling period where you may cancel the contract and you should not have to pay any cancelation fee.
Good practice to do your research, call at least 3 referrals from friends and family to get comparative quotes. Don't just visit a company website. Use sites like Homestars or YELP to check out reviews.
Never agree to or accept a contract over the phone or via email or web without having the contractor come onto the premises to verify the quote estimate. You should be wary of a contractor who agrees or does this.
If a quote sounds too good to be true, trust your gut. You should be wary of hiring that individual OR that company.
If the contractor does not provide you with a receipt, then you also have no written proof of purchase of their service. Know that having no proof of purchase could work against you!
Your written contract should contain:
- the contractor's name, address, contact information.
- a thorough description of the renovation project or service to be performed, include a detailed list of all materials
- a written estimate outlining what is the cost for labour vs materials
- a written guarantee or warranty period and what is included in the warranty
- a work schedule, start date, completion date, warranty date
- the total cost and payment schedule so there are no surprises
- first and subsequent deposit amount information (this should be limited to no more than 10% of total cost of the contract to reserve their service)
Prior to listing your home for sale, meet with a realtor to get an idea of the state of the other homes that have recently sold in your neighbourhood. Some renovations will add more value to attract potential buyers, while some renovations will actually detract and drive away potential buyers.
Did you know that buyers are less interested in finished basements?
Did you know that on Realtor.ca bungalows are an increasingly popular house style?
Did you know that lofts are a popular search requirement?
Did you know about the Seniors Healthy Homes Renovation Tax Credit?
Contact me today, to set up an appointment for a free home evaluation.
CENTURY 21 Leading Edge Realty Inc., Brokerage*