If you are planning to remodel your current home, the first thing you will be doing is to find a good home remodeling contractor for the job. You will need to think about the details that are to be included in the project contract. A project contract is a necessary document for any home improvement project, as the details of the contract will let both parties know what is expected from both of them.
The terms, clauses, and conditions said in the home remodeling contract can help protect both homeowners and additions contractors. This is why it is very important to read the remodeling contract carefully before signing the same. If you sign the contract without carefully reading what is written on it, you may be signing away your rights to claim compensation or recourse the additions job if any issues come up with the remodeling project or the contractor.
Every remodeling contract should include areas that provide details of the following.
This section of the contract should include the scope of the project and the description of all the raw materials that are needed to finish the project successfully. If you need, you can include details like the grade quality of raw materials to be used and their brand names in the listing of raw materials.
Permits, Licenses, and Inspections
The details provided here should be as specific as possible, like license numbers, as well as details like whose responsibility is to get the licenses and permits. In the usual case, the remodeling contractor should get the required permits and licenses for the work.
Payments and Due Dates
You need to keep in mind that for larger projects, it will not be a great idea to provide more than one-third of the total cost of the project upfront. In addition, the state and federal laws also regulate the amount the money that additions contractors can accept as down payment.
Property Damage and Insurance Liability
The chances of property damages are high with most of the home remodeling projects, and it should be stated clearly in the project contract that who will be responsible for the property damages and the insurance liability.
Guarantees and Warranties
Guarantees and warranties that cover the final work and the supplies for the project will not just protect the interests of the homeowner, but will also help the homeowner to make sure that the contractor stands behind the work. Therefore, this is a must-have section in the remodeling contract.
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