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Whether you are a seasoned property manager or new to the field, one of the most important decisions you will make is who to hire for your apartment renovation projects. It is crucial to find a contractor that you can trust and who will be able to deliver high-quality work on time and within budget.
This blog post outlines some tips for finding and vetting potential contractors, as well as provides a few recommendations for reliable companies in the industry. Read on for more information!
As said above, hiring a good contractor is one of the most important decisions you will make as a property manager. But how do you go about finding and vetting potential candidates? Below are 5 tips to help you find the right contractor for your apartment renovation projects:
One of the best ways to find a good contractor is to get referrals from friends or family members who have recently completed a renovation project. If you don't know anyone who has renovated their home, you can also ask your real estate agent for recommendations.
Once you have a list of potential contractors, it's important to do your research and make sure that they are reputable and have a good track record. You can check online reviews, contact the Better Business Bureau, or ask the contractor for references from previous clients.
When you're ready to start getting bids from contractors, it's important to get multiple bids so that you can compare prices. Make sure that each bid includes the same scope of work so that you can accurately compare the prices.
When you get multiple bids, you should also ask each contractor to come by and do a walkthrough of your property so that they can give you an accurate estimate. Contact us to learn more.
Before hiring a contractor, be sure to ask about their payment terms. Most reputable contractors will require a deposit upfront and then progress payments as the work is completed. Avoid contractors who ask for full payment upfront, as this is often a sign of a scam.
The payment terms should be stated in the contract, so make sure to read and understand them before signing.
Once you've selected a contractor, be sure to get everything in writing before work begins. This should include a detailed contract that outlines the scope of work, materials to be used, estimated completion date, and payment terms. It's also important to get a warranty or guarantee in writing so that you can make sure any issues are addressed quickly and professionally.
