|
CLC
Advisor's Column

How to
Choose a Contractor
Remodeling or building a new home is a complicated process.
Finding a qualified contractor to do the work is even more complex.
So, where does one begin? Most contractors do not advertise
their services; instead, they rely on word-of-mouth referrals.
Start by asking friends, relatives, and co-workers if they know of
any good builders. With the recent construction boom, chances
are they know of quality contractors. Another technique is
visiting local lumberyards and asking if they can refer a contractor
to you. If they will provide a referral, that means they have
a good standing with the retailer (they pay their bills!) and are
worth contacting. You can also use the Internet search engines
to find builders (general contractors, painters, roofers, etc.) in
your local area.
Once you have a handful of contractors, the challenge will be
selecting the right one for you. Pay close attention to how
quickly they respond to your calls. If it takes them two weeks
to call you back, it provides an indication of how they will perform
on the job. Ask questions about their experience, expertise,
and schedule. The key is to make sure they can handle the
scope of your project, have done the work before, and can fit your
job into their schedule. If they meet these criteria, ask for
references. A quality builder will provide a list of past and
current jobs. Call and visit these references. Make sure
to ask past customers questions like:
●
Was the work
performed in a timely manner?
●
Did the work meet
the homeowner's standards?
●
Was the job
completed on budget?
●
Was the job site
kept clean?
The answers to these questions will provide clues to the builders
way of doing business. Also inquire about how much money they
need upfront. Beware of contractors that ask for large sums of
money before work has started. This is the quickest way to
find your money – and builder – gone. Quality builders do not
require large amounts of money upfront. They have the credit
facilities in place to “float” material purchases until they provide
you with an invoice. The final step is asking the contractor
to provide a bid for your project.
When you receive the bid, pay close attention to what they are
proposing. Make sure to read the fine print at the bottom of
the page. This is where builders provide any disclaimers or
exemptions from their proposal. These exemptions may equal
additional charges once construction begins. For example, an
excavator may quote grading your building lot, but not hauling the
dirt away. This equals more money down the road. This
leads into one of the biggest misconceptions involved in choosing a
contractor.
The cheapest bid is not always the best. Quality workmanship
commands a higher price than shoddy work. Many homeowners hire
the contractor with the cheaper bid, only to find out it costs more
in the long run. Or, homeowners do not pay close attention to
the bids, and hire the contractor with a long list of exemptions.
This costs them more in time, money, and aggravation. To avoid
these pitfalls, take the necessary time to review the quote and ask
the builder questions. If they are evasive in responding,
beware of hiring them for your project.
Choosing the right builder for your project will be one of the most
important decisions you make. However, through careful
analysis and investigative work, you can find a qualified contractor
to complete your project on time and on budget. |
|
|