subject: The Dos And Donts Of Hiring Contractors When Rehabbing Houses [print this page] Rehabbing houses is a fun way to pass the time and rack up big profits. Because of the perks it can bring to rehabbers of property, many people are encouraged to try this type of real estate investing. In fact, some of them were leaving their usual office jobs to focus on such an enjoyable and rewarding means of living.
One of the best ways to ensure that your fix and flip project will be a success is to hire contractors. While doing the repairs by yourself can save a considerable amount of money, it is a physically challenging task that can cost you a lot of time. But if you will seek the help of professionals, you can finish the repairs on schedule. In addition, you can be sure that the renovations are of great quality.
However, before you start calling companies or asking the supply shop for referrals, you have to make sure that the people you will hire can live up to all your expectations. To help you out, listed below are some the things you should and shouldnt do when employing contractors:
Make sure that the people you will hire come from a reputable firm. It is advisable to do a background check first or ask for references so you can ask their former employers if they are capable of doing a good job. In addition, when a contractor tells you that he has many years of experience doing rehabbing projects, dont take such a claim at face value. It is because having years of experience in the business doesnt necessarily mean that a contractor is really an expert at doing his job.
Many rehabbers warn against awarding projects to remodelers who offer the lowest quotes. According to them, these people might not be able deliver the quality of work you want because of the price they are offering. As much as possible, stick to those who offer their services at reasonable prices, which are not too high or not too low.
When looking for contractors, ask them if they have general liability insurance. General liability insurance can prevent you from shelling out money for the damages done on the property by the remodelers.
Once you have chosen the members of your rehabbing team, make it a point to often visit the property so you can check the quality of their work.
Never forget to establish communication with your contractors to ensure a smoother work flow.
If you want to learn more about dealing with contractors and rehabbing houses in general, visit www.Rehab-Real-Estate.com.
by: Daniel Mc Grey
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