NCRE Investors Group Blog

Some people would be able to relate to me when I say that I’ve had contractor problems in the past. It can be very frustrating especially for people who are just starting out. I’d like to share what I’ve learned so that you folks wouldn’t make the same mistakes.

 Sometimes when a contractor’s bid smells fishy, most of the time it is what it is – a big fish. It can be enticing to pay a small amount but usually they’re not really familiar with the work at hand or sometimes they’d like to over run costs.

Never let only one contractor inspect the property, if you do that you’re running the risk of having the contractor persuade you to buy more expensive stuff or more work than what you both initially agreed on.

 Always get references. Don’t sign a contract just because you got emotionally attached to the contractor’s ideas. After all, at the end of the day you’re the one who’s going to end up with a run of the mill property.

 Speaking of contracts, always sign one with the contractor. This way you don’t end up in the grey area of things. Everything will all be in black and white – which is definitely safer.

 They say that the best form of marketing is by word of mouth, so you can always turn to people you know and ask if they know a good contractor and chances are, they will.