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3 Things in Your Renovation Contract

October 7, 2018

Have You Checked These 3 Things in Your Renovation Contract?

 

 

Building a beautiful home is what every homeowner envisions, but when it comes to the tedious details of your journey, they are as important.  

By ensuring these 3 things are good to go in your renovation contract, you safeguard yourself from potential problems during the renovation and after. Additionally, it assures a smoother renovation process and a happier you.

You save time, effort and money as well, because costs spent on defect rectification and more can add up. Knowing that renovating your house itself takes up a substantial amount out of your pocket, you want to reduce any more costs if possible.

 

It’s the Small Things that Matter

It can be troublesome. At times, even awkward. However, it’s absolutely necessary to get down to every detail when listing down the scope of work. Whatever course of action you choose can affect the overall costs and more.

For example, the cost breakdown and specifics behind simple work like assembling a kitchen cabinet has to be clearly stated out, like the materials used to the amount of the labour required. Even the brand of knobs selected should be declared.

Premium brands and higher quality materials used will result in higher costs. You want to know where price differences come from and what you’re paying for. After all, it’s your hard-earned money.

Therefore, the scope of work must include even the seemingly smallest of details to protect your interests. It will also make it clear for you and the contractor.

 

 

 

 

Payment Problems

To avoid any possible problems like delays in works carried out, we recommend making staggered payments after every significant milestone is finished. It is unwise to make full payment on the spot without having completed any works at all.

This is fair and safer because you are generally paying for what is done, and no risks are taken. Schedule your payments after you have reached a mutual agreement with your contractor. Whatever arrangements made should be recorded down so no complications or misunderstandings will occur.

 

 

 

Warranty

Yes, you heard it – even workmanship has warranty, not just the materials used. If you get a renovation quote that is much lower than others, there is a high chance that it doesn’t come with any warranty.

This warranty is commonly known as the Defects Liability Period (DLP). Under this warranty, your contractor is responsible for repair costs as a result of errors made from poor workmanship or flawed materials. It can last for a period of up to a year.

Again, we stress the importance of checking every detail. Make sure you check whether there is warranty attached to your quote for both the materials used and workmanship. This will help greatly should there be any defects or issues that arise with the works done in the future.

 

 

 

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