Hiring A Contractor To Improve Your Magnolia TX Home – Part II
Now that you have interviewed potential contractors to work on your Magnolia TX home, verified their license and insurance, compared their written bids, and selected the one you want to hire, it is time for the signing of a contract. If you wish to use your one of own making, you may consult an attorney or create one online at Do It Yourself Legal, RocketLawyer, or LegalForms. Many contractors insist on using their own form, and if you agree to do so, read the fine print very carefully as to the who, what, where, when, and cost of the project.
Whichever contract form you decide on, it should be written in clear, concise language and should contain:
- The contractor’s name, address, phone, and license number
- The payment schedule for the contractor, subcontractors, and suppliers.
- An estimated start and completion date.
- The contractor’s obligation to obtain all necessary permits.
- How change orders will be handled. A change order — common on most remodeling jobs — is a written authorization to the contractor to make a change or addition to the work described in the original contract. It could affect the project’s cost and schedule. Remodelers often require payment for change orders before work begins.
- A detailed list of all materials including color, model, size, brand name, and product.
- Warranties covering materials and workmanship of the job on your Magnolia TX home. The names and addresses of the parties honoring the warranties — contractor, distributor or manufacturer — must be identified. The length of the warranty period and any limitations also should be spelled out.
- What the contractor will and will not do. For example, is site clean-up and trash hauling included in the price? Ask for a “broom clause.” It makes the contractor responsible for all clean-up work, including spills and stains.
- Oral promises also should be added to the written contract.
- A written statement of your right to cancel the contract within three business days if you signed it in your home or at a location other than the seller’s permanent place of business. During the sales transaction, the contractor must give you two copies of a cancellation form (one to keep and one to send back to the company) and a copy of your contract or receipt. The contract or receipt must be dated, show the name and address of the seller, and explain your right to cancel.
As the work on your Magnolia TX home proceeds, be sure to personally check on its quality and progress and keep all paperwork, a written log of all payments, phone calls and oral conversations, and a timeline of activities. Taking photos showing the progression of the job is also a good idea. These records will be useful in the case of a dispute.
Whether you are new to the Magnolia Texas real estate market, thinking of moving up, or you’re an experienced investor, Pam Sitterly has the expertise, proven track record, and resources to help you buy Magnolia TX real estate for sale or market Magnolia TX homes for sale. Enthusiasm, knowledge of the area and personal concern for her client’s interests combine to make Pam an outstanding resource for your real estate transactions.
Pam works extensively to help Buyers and Sellers meet their Magnolia Texas real estate goals. For more information about buying or selling your Magnolia TX home, please call Pam at 281-723-0324 or via email with this convenient contact form.