Whether you’re remodeling your home, putting up a fence, or simply painting your exterior, there are some key points to keep in mind. These tips will help you get the most value for your money, and will help you find the right contractor for the job.
If you’re planning to renovate or repair your home, you’ll need to hire a licensed contractor. If you’re not sure how to find a qualified contractor, check with your state’s department of consumer affairs.
In most states, home improvement is exempt from labor tax. However, materials costs are not tax-exempt. In most states, you also need to file a home improvement permit with the state’s department of taxation and finance.
You should also consider getting quotes from multiple contractors to find the best price for your project. Make a list of the work you need to do, and compare the cost and timeline of each. You can then use that list to negotiate with contractors.
You’ll also need to make sure your contractor has proper insurance, a license, and references. You might also want to speak to friends or neighbors who’ve used a contractor before to find out if they’ve been happy with their results.
Aside from the usual checks, you’ll also want to get a written contract. It should include a detailed description of the work, a timeline for completion, and a payment schedule.
You can get a government-issued home improvement loan, but you’ll need to meet different requirements depending on the state you live in. For example, you might be required to have 20% equity in your home, or you may be required to show proof of a good credit rating.