Are you planning to have work done to your home? Renovations & additions can be an exciting and anxious time for homeowners. There are some things you can do however to make the process go more smoothly:
- There’s a lot involved with making renovations & additions to your home. So you’ll want to make sure you capture all the significant details in writing and have your professional lawyer review before signing on the dotted line.
- Consult with a mortgage broker / lender (if need be) as to how progress payments will be handled.
- Talk to your insurance broker to ensure you have proper coverage during the construction phase should anything go wrong.
- Do your homework selecting a contractor(s) / architect(s) – ask for references, visit some of their past jobs to ensure it’s the type of workmanship you’re comfortable with.
- Involve your own private independent home inspector in the process too. They don’t have a dog in the fight. An inspector can act as another set of eyes for you. They can help determine if what you are contracting for might be appropriate given your needs or if there might be other options for you to consider. They can inspect the demolition work before starting with the job, check the workmanship as things progress and ensure you get what it is you contracted for before making any payments.
Get ready, be prepared and hold on…it can be a great ride when done right!