Home improvement refers to all types of projects that improve the way your home functions and looks. It could be a simple task like painting or it may involve a significant amount of work and cost.
Getting an estimate on the project is crucial when you hire a contractor, because the cost of the job can be wildly different from one company to another. The price can also vary depending on the contractor’s experience, reputation and length of time in business.
When choosing a contractor, check the references of previous clients and make sure they are insured and bonded. You can also check with the Better Business Bureau to see if there have been any complaints against the contractor or the firm.
What to expect when hiring a contractor
A contractor’s quote will generally be based on the size of the project, the quality of the materials and the skill level of the contractor. Be sure to ask for a written quote that outlines the price for each item or service.
What to do before a contract is signed
When signing a contract for a home improvement, include the following details in the agreement: The description of the work to be done and the materials to be used; dates for performing the home improvement; and an arbitration clause, if necessary.
How to pay for a home improvement
The NerdWallet survey of 1,311 homeowners who plan to spend money on home repair and improvement over the next two years found that half (49%) intend to use a credit card. That number is up from 42% in 2020.
