Every good homeowner knows that when it comes to your home, you get out what you put in, and that is especially true when it comes time to update or remodel. One thing about construction however is that it can be unpredictable. Maybe all you wanted was a claw-foot tub, but the contractor finds a plumbing leak that needs to be fixed first. Or worse, he doesn’t find the leak and you pay the consequences later.
Fortunately for you, there are steps you can take to keep your home protected during a remodel and to protect your investment later. What are they? Check out our five tips!
5 tips to keep your home protected during a remodel
- Hire only licensed and bonded contractors: Contractor bonds are filed primarily for the benefit of consumers who face damages resulting from defective construction or other license violation laws. If your contractor isn’t bonded, they really can’t guarantee their work. As a general rule of thumb, just stick with contractors registered with the state. (They are required to maintain a minimum insurance coverage as well as other consumer specific protections.)
- Stay fire safe: Fires are a big problem we see with home remodels. Whether it is rags soaked in a flammable substance that have been improperly disposed of or electrical fires, it is important that you have at least one fire extinguisher on hand.
- Be on the lookout for lead paint (and other toxic materials): It isn’t very common in newer homes, but lead paint is often found in older construction. Make sure that your contractor isn’t just covering it up, it needs to be removed according to EPA guidelines.
- Lock up at night: It might seem like a no-brainer, but when your work crew leaves for the night they need to make sure that they lock up behind themselves. Vacant homes are a magnet for vandals and thieves, which is why it is also important that any scrap materials or tools be put away each and every night.
- Make sure your Home Insurance is up to date: Increasing the value of your home may mean outgrowing your policy limits. Talk to your agent before starting any new construction or remodel project!
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