Contractor
Choosing a Contractor and Comparing Bids
February 26, 2009 by Financemyhome · Leave a Comment
Whether you are doing a remodeling project in St. Paul or Minneapolis, choosing a contractor is one of the most important things that you will do. Having a great contractor on your side is extremely important and will make the difference between a mediocre remodel or one that is excellent. Of course while you are on the lookout for a top notch contractor, you are going to want to compare bids that contractors offer you along the way. You’ll find that there is a lot of room for negotiation when it comes to the bids on the remodeling. So, when you do get a bit, you should learn to negotiate to make sure you get what you want. If you are ready to start comparing bids, here is a closer look at what to look for in bids, comparing them, the materials to consider, and the best tips for finding the best possible bid out there.
Things to Look for in a Bid
First of all, before you can really make a decision on contractor bids in Minnesota, you are going to have to know what you should be looking for in a bid. This is something that occurs before you sign a construction contract. So, here are the top things you need to look for in contractor bids on construction services for your home.
- Clear Definition of the Work - One thing that you should be looking for in a good bid is a clear definition of the work that you need to have done. The bid should be very specific about this. Having some plans included is a great idea, with the initials of the contractor at the bottom of the each page of the plans that have to do with their proposal.
- Dates of Starting and Completion - Another aspect to look for in a good bid is the dates when the contractor is going to state and when they propose to have the project completed.
- The Insurance Provisions - The insurance provisions should also be included in any bids from contractors. You will want to know what is covered and who is going to be providing that coverage.
- Price of the Bid - Of course the price of the bid should be included in the bid. Of course not just the price should be included. However, how the price will be paid should be included and when the money should be paid should also be a part of the bid. Here you should find how long the bid is going to hold as well.
- Responsibility of Cleanup - The responsibility of the cleanup is another thing that should be included in the bid that the contractors give to you. The last thing you want is to get left cleaning up everything on your own. So, make sure you see on the bid whether they will clean up after the work or if they are going leave it all up to you. This can definitely make a difference in the bid that you decide to choose, so read very carefully.
- Conditions that Can Lead to Withholding Payment - Any conditions that can lead to you withholding payment is something else that should definitely be included on the bid.
Comparing the Bids
Once you have several different bids from various contractors, that include the construction services that will be offered and more, then you will need to start actually comparing these bids so you can go on to have a construction contract drawn up and signed. Carefully compare these contractor bids. You want to make sure that you go with the best possible option for your needs. A great way to compare is to come up with a comparison sheet so you can easily compare these bids. This will allow you to more easily see how the bids compare to each other. Remember, the price is not the only thing that you are going to want to consider. The quality of materials and amount of work is going to matter as well. Go for the best value for your money, not just the lowest price.
Keep the Quality of Materials in Mind
Product material quality is an important consideration when you are taking a look at the contractor bids that are offered to you. You need to realize that the lowest price that is offered to you may not be the best deal for you. Make sure that you look at the materials that are going to be used. Make sure that the materials used are going to be quality. Why pay less only to have lower grade materials used on the remodel? So, ensure that you keep this in mind when you are looking at the bids.
Top Tips for Finding the Best Bid
So, you may be wondering how you can find the best possible contractor bid. Well, there are several ways to do this. First of all, you need to go through the bids line by line. This way you get a good idea of the comparison. Go with the more experienced and quality contractor as well, even if they don’t have the lower price. Consider trying to negotiate the price. Let them know you’d love to have them work with you, but you have a limited budget. They may be willing to come down a bit on the price quoted in the bid. If you never ask about a lower price, you’ll never know if they will come down a bit. So, make sure that you get out there and do some negotiating so you and the Minnesota contractor can come to a good agreement.
Elements of a Remodeling Contract
February 26, 2009 by Financemyhome · Leave a Comment
Before letting any Minnesota contractor get started on your remodeling, one of the most important things you need to keep in mind is the remodeling contract. You should always make sure that there is a contract in place. In fact, you should never allow the contractor you choose to start any work until you have looked over the contract and then signed it. The contract should spell out every part of the project, from the time span to the cost of the entire project by the end. Don’t just take the word of the contractor. You should have the agreement that you come to in writing. Not sure what should be in a contract? Well, let’s take a look at the elements of a remodeling contract and some safety tips for signing a contract as well.
Things the Remodeling Contract Should Definitely Include
There are a variety of different things that every remodeling contract should have. Here are top things to look for before you sign a contract.
- Contact Information - The remodeling contract should include the contact information of the contractor. This includes their address, a phone number, and their license number as well. This way you have all this information on hand. Ensure that their full name, not just their business name, is included too.
- Some Type of Visual - There should be a visual representation of what is going to be done. This can include things like sketches, floor plans, or even blueprints. This helps to show what your contractor is to do.
- Time Table - You should also ensure that the remodeling contract has a time table for completion. This should include the date when the construction is going to start and the date when it will be completed as well.
- Money Information - This should include the total price that you are going to have to pay for the job. The payment schedule should also be drawn out so you can see it.
- Materials and Products - Each type of materials and products should be described. On the contract they should easily be identified. Brand names, the number of the model, size, and even color should be included.
- Information on Insurance - Take a look closely. The insurance information of the contractor should be located on the remodeling contract too.
- Warranty on the Work - If the contractor is providing you with statuary warranties, insured warranties, or any other type of warranty, it should be included in the contract. This way you can refer to it and prove that there was a warranty on the work that was done.
- Cleanup Information - If you are expecting the contractor to take care of all the cleanup, then this should be included in the remodeling contract. Don’t take their word for it. If it’s not in the contract, they may not honor it, even though they may have said that it was included.
Safety Tips for Signing a Contract
You should never blindly be signing a contract with a contractor. Here are some top safety tips to keep in mind before you sign your name on the paper.
- Tip #1 - You should never sign your name to a contract that isn’t totally filled out. If you do, the contractor could add some things to the contract after they already have your name. This is a way that you can be taken advantage of. So, make sure that the contract is totally filled out before you sign it.
- Tip #2 - Ensure that you read all of the contract. Don’t skip any parts because you are in a hurry. You could miss something important. So, make sure to read it very carefully and if you don’t understand, don’t hesitate to ask for clarification.
- Tip #3 - Always make sure that you have a copy of the contract that you have signed. This way you can refer to it yourself if you need to and can make sure that nothing gets changed.
- Tip #4 - Never pay more than the down payment that you are required to pay before the work has started.
- Tip #5 - Last of all, make sure that you never pay off the rest of the work until all of the work has been done and all of the cleanup has taken place.
Before you sign the contract, it may even be a great idea to talk about the contract with your attorney. This way you can be very careful about what you sign. The last thing you want to do is to sign a binding contract that is not something you need. These are all important things that you need to remember when it comes to going over a remodeling contract and signing it. Never leave yourself in a position where you are taken advantage of and the best way to do this is to make sure that you carefully check out your contract before you ever sign it.
How to Pick a Remodeling Contractor
February 26, 2009 by Financemyhome · Leave a Comment
If you live in the state of Minnesota and you plan on having some remodeling done, you may need a good home remodeling contractor to help you out with your needs. No doubt you’ll find that there are many different contractors to choose from in the Twin Cities area, but you don’t want just any contractor working on your home. There are many different considerations that should be kept in mind when it comes to choose from all the remodeling contractors out there. So, here’s you simple checklist to keep in mind when you are trying to make sure that you get the best contractor possible for your remodeling needs.
Ask Family and Friends for Referrals
The first thing you’ll want to do is to make sure that you ask family and friends for referrals when you are trying to come up with a contractor. Getting contractor references from your friends and family members is a wonderful way that you can make sure you end up with an excellent contractor. This way you actually know someone that has had a great experience with the contractor. It helps you to be sure that you’ll get a great contractor.
Ensure They are Licensed by the State
When you are trying to pick out the best remodeling contractor, you’ll find that it is important to make sure that they are licensed by the state. They should have a state of MN contractors license that they can show you. You definitely don’t want to go with a contractor that has no license. Also, when you are looking at their license, you’ll want to make sure that there have been no complaints filed against them or any type of disciplinary actions taken against them in the past. This insures you get the best possible contractor for your remodeling project.
Check for Insurance Certificates
Make sure that you check for insurance certificates when you are trying to find the best remodel contractor. They should have General Liability as well as Workman’s Compensation. If they have no insurance, you’ll definitely want to avoid going with their services, although just having General Liability is okay.
Find Out About Their Business Longevity
Take the time to find out about their business longevity before you decide that you want to go with a particular contractor. The best option is to go with a contractor who has been in the same business with the same name for over 10 years. Five years is excellent as well. However, if they have only been in business for a year, you may want to be a bit wary of going with a brand new business when you need help with contracting. Experience is a definitely bonus when choosing remodeling contractors.
Make Sure the Business is Stable
You should also take a look at the business that the contractor is running. Is the business one that is both permanent and stable? If there is no office at all and you only get a cell phone number, this is a Minnesota contractor to reject. The best option is to find someone that has an office as well as an address. A working phone number is very important as well when it comes to making sure that the business is a stable one.
Check Out Their References
Ask for a list of client references when you are trying to find the best home remodeling contractor. If they cannot offer you any references at all, you probably will want to choose someone else. The same applies for if you call references and get negative comments. It’s best to make sure that you get at least several positive references from people who have used the same contractor in the past. This way you know what kind of a job that they are going to do.
Find Out About Their Experience
Experience is another important consideration when you are considering what type of contractor to go with. Going with a contractor that specializes in the work you need done is the best option. If the contractor doesn’t have any type of experience in the type of work that you will need to have done. Having the experience necessary is very important. You really don’t want a contractor with no experience at all working on your bathroom or kitchen. So, make sure that you choose carefully.
Take a Look at Their Bids on the Work You Need Done
Before you make your final decision on the best home remodeling contractor, you should take a look at their bids on the work you need done. Make sure that the bids have a good description of the work to be done and that they will guarantee the work that gets done. You’ll also want a contractor that only asks for about a ¼ of the money up front and then final payment when the remodeling work is finally complete.

















