Quote:
Originally Posted by el borracho
This... but also, you can sometimes arrange to pay the materials directly.
For example, if the job requires lumber you can have the contractor put together an order at the lumber yard then phone in the payment to the lumber yard. Or perhaps go to the lumber yard with the contractor and pay directly.
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This right here is how I like to go. I use my credit card that earns rewards. Nothing like a good reno job to earn points for a free flight to Belize!
I would not put more than 25% down, and I would hold the final 25% back until your are satisfied with the job. Keep a running punch list of items you want corrected as the project rolls along.
Communication is key when dealing with contractors. Everything should be spelled out in writing on what is expected, work required, payment schedules etc. Don't ever rely on a verbal promise.