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View Poll Results: What would you be willing to do? | |||
I would be willing to pay 51-100% down for a home remodeling/repair project. | 0 | 0% | |
I would be willing to pay 26-50% down for a home remodeling/repair project. | 3 | 8.11% | |
i would be willing to pay up to 10-25% for a home remodeling/repair project | 10 | 27.03% | |
I would be willing to pay upfront for materials only, regardless of percentage of the project's costs. | 14 | 37.84% | |
I am not willing to make a down payment on these types of projects | 9 | 24.32% | |
Other | 1 | 2.70% | |
Multiple Choice Poll. Voters: 37. You may not vote on this poll |
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05-17-2023, 10:16 AM | #2 |
In Search of a Life
Join Date: Apr 2013
Location: Kansas
Casino cash: $2778994
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If it’s a well know, reputable company or on recommendation of a trusted person, sure. Some dude off of Facebook or something, no ****ing way.
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Posts: 21,833
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05-17-2023, 10:18 AM | #3 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
Casino cash: $1760752
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Quote:
This. Or maybe workout something with smaller interval progress payouts no neither side gets screwed.
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Hey Loochy, I'm hoooome! |
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05-17-2023, 10:19 AM | #4 |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
Casino cash: $1738320
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I just do my own shit so I don’t have to worry about it.
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Posts: 15,677
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05-17-2023, 10:21 AM | #5 |
Would an idiot do that?
Join Date: Nov 2000
Location: Arizona
Casino cash: $2434931
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Many times it's either 50% or parts for reputable companies, then you pay the rest/labor when they complete the work.
I'd put it on a credit card if you can (and of course sign a contract), makes it far easier to get back. I had a company go bankrupt between the time I paid the first half and the time they were scheduled, and Chase refunded more quickly than filing paperwork with the contractor's association.
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Posts: 55,715
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05-17-2023, 10:41 AM | #6 |
My work speaks for itself!!!
Join Date: Jun 2005
Location: So Cal
Casino cash: $1605200
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I had to report a contractor to the California board of contractors......
In California, contractors can ask for a deposit of a maximum of 10% of the total cost of the project.
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Its easier to fool a man, than to convince a man he's been fooled. |
Posts: 12,106
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05-17-2023, 10:45 AM | #7 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1934734
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I haven't done it, but I watched Dad do it and got the Tshirt. **** that. With a D9 Cat. But if it's someone reputable, sure. No problem. |
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Posts: 56,956
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05-17-2023, 10:47 AM | #8 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $1646899
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Things like windows, in particular, have to be custom built, so it's reasonable that a contractor wouldn't want to take on a bunch of non-refundable materials for someone who might flake out on them. I think the more important thing here is to fully vet whoever you're hiring to the point that you're not worried about them running away with your money. |
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Posts: 51,984
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05-17-2023, 11:04 AM | #9 |
Veteran
Join Date: Dec 2018
Casino cash: $5250400
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A facebook company? No no in hell. A reputable company that you can confirm and have a written contract, I would have no issue paying up to 40% up front.
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Posts: 2,245
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05-17-2023, 11:07 AM | #10 |
Dazed and Confused
Join Date: Jan 2002
Location: Somewhere Out There
Casino cash: $1660500
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We had our windows replaced, and they required 25% down. Very reputable company, so we had no problem with it, and they custom built the windows. 3 months later they were in.
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Posts: 15,768
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05-17-2023, 11:14 AM | #11 | |
In Pat We Trust
Join Date: Sep 2001
Location: Albuquerque, NM
Casino cash: $6009148
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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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Posts: 11,850
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05-17-2023, 11:15 AM | #12 |
Veteran
Join Date: May 2019
Casino cash: $2000400
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Just had a basement finishing done. Contract called for 25% due at signing. Ended up being more like 30% after total costs were calculated. I wouldn't want to be in it for more than that typically. My remodel upstairs, company asked for probably close to 25% the day they showed up to work (but I had bought 90% of the materials for that job)
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Posts: 4,514
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05-17-2023, 11:33 AM | #13 | |
Born to Ride
Join Date: Sep 2002
Location: NWA
Casino cash: $2105377
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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. |
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Posts: 16,307
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05-17-2023, 11:38 AM | #14 |
Needs more middle fingers
Join Date: Mar 2005
Location: San Diego
Casino cash: $4004563
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Materials only imo.
I can't tell you how many times ive seen people get ****ed over by paying guys for work in advance, at least in the auto industry.
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Life is like a dick. Sometimes it gets hard for no reason, but it can't stay hard forever. |
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05-17-2023, 11:41 AM | #15 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
Casino cash: $2759627
VARSITY
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Got the roof replaced and they wanted half up front. I needed my dock rebuilt. Around the same total price, they only asked to buy the wood for the dock up front.
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Time is worth more than money. |
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