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Cut Expenses - 8 ways to Cut Expenses When Hiring A Home Repair Contractor

Hiring a contractor to add value to your home investment makes sense. There are some other important insurance issues you should examine before selecting a contractor.

1. Check the credentials,

This includes the contractor's or re modeler's license and any applicable trade group memberships.

2. Get bids from more than one contractor.

3. Get all bids in writing.

Make sure each bid includes building specifications (what is being worked on and to what extent), labor costs, material costs and time needed to complete the project. This will protect you from unforeseen costs, while further protecting you from future misunderstandings and other misfortunes.

4. Get references.

5. Compare bids.

6. Check references.

Call the Better Business Bureau (BBB) to quickly and easily verify local references. The local BBB office can also let you know if there have been complaints made against the contractor or re modeler.

7. Check samples of the contractors work.

Most contractors and re modelers will gladly show you a sample of their work done at other nearby homes. Accept this offer. See their workmanship for yourself. Speak with previous customers and clients about how the contractor met their needs, stayed on schedule and worked within the projected budget.

8. Verify all contract workers' compensation coverage.

Otherwise, you may find yourself responsible for injuries incurred by the workers while they are remodeling or repairing your home.

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With over 20 years of experience as a personal financial educator and counselor, Vernon Williams has developed in depth knowledge of what it takes to achieve financial success. Today, he is a sought after trainer and speaker by organizations from both the public and private sector. He is the author of 425 Ways to Stretch Your $$$$ and 3 Rules that Guarantee Financial Success. Visit him at http://www.howtocutexpenses.com

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