Thinking about doing some work on the common areas at your condo building or rental property? Finding and working with a contractor can be a frustrating experience oftentimes but we have some tips for you! Once you have decided to undertake a project, these tips can help you stay within budget and have an easier time overall with the process.
1. Reconcile your contractor’s objectives with your own
You want your project to be on time and in budget. Your contractor wants to maximize his profits. Create a compensation plan that maximizes their profits at each stage of the plan once objectives are met.
2. Check the competition
It is advisable to get at least 3 quotes for any work that you want completed. This way, you are able to compare and contrast to make sure you are getting the best value.
3. Write down what you expect
Effectively communicating, in writing, is essential with anyone you hire. Write down your expectations and deliverables to make sure everyone is on the same page.
4. Use standard forms
You should make sure that the proper paperwork is followed and that you are legally protected in any way necessary for the project. You can have an attorney draw these up for you or find some online.
5. There is no substitute for professionalism
Investigate the track record of anyone you hire to make sure they have the credentials and experience to deliver the product you desire.
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