When we select the right contractor for our home improvement projects, we tend to think of the bottom-line price. We like to see “low-bid” because it saves us money, right? Perhaps, but for me, it boils down to the way the contractor communicates with me (more importantly with my wife). My wife is a control freak (she will admit it to you, too). She must know what is going on with the project at all times and is able to see how each team member is working toward our/her vision. For some contractors, this can be a problem.
What I like about contractors isn’t necessarily the bottom-line dollar amount, but the value that the contractor brings to the project. I expect a great craftsman and a team of professionals who conduct themselves professionally and are considerate of my wife and I because they are invading our home. When we had a major addition put on our home, my wife would often send me out to find out the questions she wanted to know the answer to (right away). Fearing that I would begin to annoy the contractor and give him an excuse to feel like he is being micro-managed, I would forge to the front line and ask my wife’s questions.
His crew was impressive to me because everyone continued to work (they rarely stopped throughout the project); while a single representative gave me his undivided attention. He smiled and walked me through the process of where they were in the stage of development and encouraged me to return with any questions. He took the time to educate us rather than building the addition. Not only did he build a beautiful addition to our home, he built trust in us. He is now on our speed dial for any new home projects.
Selecting a contractor for your 203k remodeling project can be a daunting task. Where do you begin looking? What qualifications do you look for in a contractor. Can anyone who has construction or remodeling experience complete your remodel project through the FHA 203k loan program? The answers to these questions are simply. First of all the contractor must possess a active license from your area. In the Columbus area they are called a HIC license. Which stands for Home Improvement General Contractor. Columbus also makes the listing business or individual obtain a bond for twenty five thousand dollars and have active insurance. So, the contractor must provide copies of these documents to your loan officer along with a detailed estimate. The estimate must be broken down by line item and further broken down to material and labor for each item listed. The more information about the amount and total amount of material is essential. This process is extremely important to prevent going over once the work is under way. I highly recommend not using family members in this process. Because if things happen you don't want any conflicts with your friends or family members. All contractors are also required to offer at least a one year warranty on labor. Also, be specific about the time lines for work to start and finish. If you have any questions about the FHA 203k rehab program, hud.gov has a complete web site to outline the process. There are also several banks that directly fund FHA 203k programs in the Columbus area. Strategic Mortgage is a wonderful bank and Andy can help you find a loan for this type of loan. If you want a experienced contractor to handle all of your repairs, including HVAC,electrical and plumbing we can help. Call me directly at 614-446-6489