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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, 10:00 PM | #1 |
MVP
Join Date: Oct 2010
Casino cash: $779653
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As an ex-GC, I'd say don't put any money down. The only way I would be willing to put any money down is if I could pay the supply house directly for the materials and I'd only do it for a smaller company/group of a few guys. Also those materials would be at my home, so they couldn't just take them back and get that money you spent.
A couple of problems can come up when you pay people beforehand. The main one is you lose your money and nothing gets done. Another problem you can run into when paying guys before they finish is they lose the incentive to continue/finish the work, so they either put you off because they already got your money or they make you wait and your project doesn't get finished for a year while they half ass it and show up a couple times a month. |
Posts: 17,979
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05-17-2023, 10:59 PM | #2 | |
The Lurkiest
Join Date: Aug 2000
Location: Boise,ID
Casino cash: $1334188
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Posts: 1,944
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05-17-2023, 11:22 PM | #3 | |
fides quaerens intellectum
Join Date: Oct 2003
Location: United States
Casino cash: $8330900
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Posts: 15,986
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05-18-2023, 10:46 AM | #4 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $864734
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Quote:
My recommendation is get a LOT of different options on the table, and do your best to pick the most reputable dude, and do what he wants. The quality of the work matters way more than anything else. |
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Posts: 57,676
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05-18-2023, 11:18 AM | #5 | |
Supporter
Join Date: May 2005
Location: Who knows?
Casino cash: $1475884
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Quote:
When someone brings up another quote with me that's lower I tell them good luck, I should hire that person to work for me if they do a good job, etc. Most people will pay more for the company they will have no doubts about. I don't know how many jobs I've fixed that other guys jacked up that ended up costing the customer more than my original quote. Happens more often than I'd like. Just go with the best option at the start instead of squeezing a nickel into a dime. |
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Posts: 84,836
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05-18-2023, 12:43 PM | #6 |
Emporer of Mongo
Join Date: Apr 2010
Location: Milky Way
Casino cash: $1637556
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not true.. In most places there are very strict rules (about contracts / contract law) in most places. If youre just using a handyman, who is unlicensed and and uninsured , then ...well.. "no rules" could come back and bite you in the ass because it will all fall on you if they fall of your roof or cut their finger off at your property. I would 1st wonder where your property is to determine what the rules are in your area...
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05-18-2023, 10:44 AM | #7 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $864734
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Quote:
I came out whole on the thing, but quit doing business with that outfit. That level of stress is not worth it. |
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Posts: 57,676
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