![]() |
Real Estate News and Advice |
December 3, 2008 |
|
|
|
|
|
Selecting HOA Contractors
by Richard Thompson
Appearances can often be deceiving and none is more prone to deception than construction contracting. Since most HOA boards possess little knowledge of how contract jobs should come together, a contractor with an engaging personality and a cheap bid can be a recipe for disaster. Choosing the right contractor for your HOA renovation work takes time, but in the long run, the more care that's taken, the less chance of shoddy work, cost overruns and legal entanglements. Getting references is not only a good idea, but absolutely necessary to discovering your contractor candidates' true natures. Get at least three references from each that demonstrate the contractor's ability to do comparable work with a quality result. Those references should include location, contact name and phone number. Visit each reference location to inspect the work and discuss the experience with the contact. Here are key questions to ask:
Many states have an agency devoted to contractor licensing and oversight. Check with that agency for complaints against your contractors, current licensing status and state required insurance. This can usually be done online. Once you have narrowed down the field and are reviewing contract proposals, remember that the proposal is written for the benefit of the contractor and few have the kinds of provisions that a balanced agreement should have including
Take the time to screen your contractors. Published: September 28, 2005 Use of this article without permission is a violation of federal copyright laws. Related Articles:
|
Real Estate News Network
Today's Real Estate Outlook
Mortgage Rates
30 Year Fixed: 5.97% 15 Year Fixed: 5.74% 1 Year Adj: 5.18% (U.S. Weekly Averages) Today's Headlines
|
|||||||||||||||||
| ||||||||||||||||||
|
for Agents
Readers' Choice
|
||||||||||||||||||