Contracts - It is very important that you have a contract with your General Contractor and any sub-contractors that you will dealing with for the renovations being done. The contract(s) should minimally include:
· The work that is to be performed (also what is not included is very helpful, you may be taking for granted that the contractor is doing something and he is not.
· The time frame for completion. You may also want to include a penalty clause for missed deadline. Any good and reputable contractor would not have a problem with this.
· Payment Schedule - make sure to always hold back enough money that would allow you to pay for what is not completed should your contractor not complete the job. Again, any good and reputable contractor would not have a problem with this.