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Value vs. Price: What to Look for in a Contractor

Tags: Experience, Time, Safety, Sub-contractors vs. Employed Tradesmen, References, Insurance

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Value vs. Price: What to Look for in a Contractor

Value vs. Price: What to Look for in a Contractor

In the world of contracting the old adage "You get what you pay for" certainly rings true. While we all want to find a good price, it is important to understand that this is not the only factor to consider. When looking for a contactor most homeowners will shop around, getting estimates from several companies. This process will not only let you ascertain a price from a company, but also the level of professionalism with which they operate and treat their customers.

Any time that you are having contractors in your home you need to consider what type of tradesmen and company you want completing the job. There are many factors to consider beyond price before hiring a company.

Experience. Make sure the contactor that you hire has the experience and know-how to get the project done right the first time.

Time. Hire a contractor that will stick to a schedule and complete the work within the estimated time frame, instead of dragging it on for weeks, which can be very disruptive to your family.

Safety. You need to consider who you want to have in your home, either left alone at times or with your family around. Someone that you feel is trustworthy will leave you comfortable throughout the process.

Sub-contractors vs. Employed Tradesmen. Tradesmen are covered under the contractor’s insurance and will be more likely to follow the contractor’s rules and regulations. Having this insurance also means that you are protected if something goes wrong.

References. It is a good idea to make it a habit to ask any contractor that you hire for references. This will demonstrate a track record of providing quality and service.

Insurance, Liability and Workers Compensation (if applicable) are critical to protect you and your home. Whether an employee gets insured or your favorite chandelier is broke due to the contractor, your home is at risk.   Ask your contractor to have their insurance company provide you with a "Certificate of Insurance" or if its a large project, "Additional Insured". This is common practice in ligament contractors, if they say "no", then say "no" to their business.

The next time you are looking to hire a contractor, remember to take a look beyond the bottom dollar. Asking questions, getting to know them, and requesting references will give you an idea of who you are hiring. Your home is one of your most valuable assets and you should take care who you hire to do work there.


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