Home Improvement Projects: Protect Yourself When Remodeling

Real estate prices nationwide have seen a declineyou.
recently. Many home owners have plans for aAsk for References
remodeling project in the near future to increase theAsk around for references and get two or three
chances of selling their home or simply to enjoy theirestimates. Talk with your friends, co-workers and
living environment more. Whatever your goals, follow aneighbors for recommendations. When interviewing
few simple steps and you can make your nextcontractors, ask for names and addresses of previous
remodeling project a success.customers and check with those references. Ask for
While most licensed contractors are reputablea copy of their license. Sometimes, the Better Business
professionals and strive to do the best job possible,Bureau maintains records describing whether the
there are others who lack the necessary skills orcompany has a number of consumer complaints.
expertise in business matters to insure the successfulInsurance
completion of your project. Less reputable contractorsTalk with your insurance agent or company about the
may try to sell you services or materials you don'textent of your coverage during the remodeling project.
need and may be financially unable (or unwilling) toBefore you even begin the project, you should review
resolve a dispute should it arise.your policy for weather and water damage, theft, fire
Researchand other types of coverage. During the remodeling
The first step to selecting a contractor orproject, most policies will only cover building materials,
tradesperson is to research your remodeling project.so make your contractor be responsible for all
You must be knowledgeable about what the jobproducts and materials until that time. Additionally, you
involves, the necessary materials and the stepsshould be insured for the cost of the construction
needed to complete the project. The web is a greatbefore any renovations begin and make certain that
place to start. There are many useful websites withyour home is currently "insured to value."
tons of free information. Use a search engine such asHiring a general contractor or a tradesperson brings
Google to find information on type of project you areother risks. Two types of coverage are carried by
considering. You will be amazed at all of freereputable firms or individuals: worker's compensation
information available on the Internet.and general liability. Discuss the importance of these
Permittingitems with your insurance agent to gains his or her
Depending on the type and size of the project, youopinions of the applicability of these insurance products
may need to contact your local building departments toto your particular situation. Check with the contractor
find out what building permits are necessary and whatyour select to make sure their insurance is current and
your legal obligations are regarding obtaining andalso make sure they carry adequate coverage.
posting permits on the job site. Once you haveBy doing your homework and following the simple
knowledge of the requirements, most licensedsteps above, you can increase the likelihood that your
contractors will handle the permitting is process fornext remodeling project will be a success.