You made the big leap, something that is a part of the “American dream”, buying a home. Your parents did it, your parent’s parents did it, now you have reached the ultimate adult milestone. Now, how do you invest wisely in your home improvements? I am going to share a few insights on how to manage any renovation or improvement so you can avoid having to tell your neighbors about your DIY nightmare at the next neighborhood BBQ.
- Quality over Price – Studies show almost half of consumers globally are prepared to switch brands to ones they believe are of higher quality, even if it is at a higher price. The proof is in the pudding, if something has “the best quality material” written on the package, people are more likely to buy it because it gives the buyer the sense that you are getting the best of the best. Ask your contractor questions, “Where you do you buy material?” and “Does the manufacture carry a warranty, if so, what is it?”
- Licensed Contractor’s vs Non-Licensed – Colorado has over half a million small businesses residing in the state. How do you know which one to hire? Contractors that are not licensed can bid jobs at a lower cost because they do not have to pay for licensing and insurance. Most homeowner’s insurance policies specifically exclude damages that stem from the work of unlicensed contractors. If someone gets injured on the job and is not licensed, you are liable. In addition, if you allow work to be performed by an unlicensed contractor and something else in the home is damaged or no longer works due to said work being performed, it is possible that your homeowners’ insurance policy may be voided. Anyone can say they are licensed and insured, verify! There is nothing wrong by asking the contractor to provide a copy of their license and/or insurance when the bid is provided. If they cannot do this, red flag!
- HOA Regulations – Many of us choose to live in communities that have covenants regarding exterior work from home color, landscaping and even fencing. Licensed contractors may be familiar with the requirements and may be able to guide you when making improvement decisions. Those that do not may be able to help you find the covenants or at least read and understand the specifications outlined. This is a critical piece of home improvements. If you choose something this is not “approved” your HOA may require you to correct the work at additional cost to you. Why pay for something twice?
In conclusion, you have made a wise investment with your property, do not risk damage to your home or family by not doing the research first. Yes, being price contentious is important, but most importantly, protect yourself and your property by hiring licensed contractors!
Home Town Fence Inc. – your local licensed and insured fencing provider!