Unlike the pause on work, vacations and social events, there has been an uptick in renovations since the start of the COVID-19 pandemic. Strange? Maybe not. Being forced to stay inside has given people the time to renovate their lockdown space. Thinking about renovating during the pandemic? Here’s what you need to know:
1. Never give a deposit directly to a contractor
Now more than ever, renovations have become risky. Not only are fraudsters disguising themselves as contractors, but good contractors are being hit with unforeseen circumstances during these unexpected times. Giving a deposit directly to a contractor puts you at risk of losing your money if either you or your contractor were to get with any unfortunate circumstance. Renovation Trust has been built so homeowners never give a deposit or pre-payment directly to a contractor. During these uncertain times, Renovation Trust wants to protect you and your money.
2. Obtain multiple quotes
In order to find the best bang for your buck, make sure to obtain multiple quotes from contractors. Not sure where to start? Renovation Trust has got you covered. Log into your Renovation Trust account and create a project. Add as much detail to your project as possible. Upload inspirational photos and the scope of work you want your potential contractor to complete. Once you have your project created, you can enter the contact information of your potential contractors and send your project to them via e-mail in order to receive the most accurate quote.
3. Document Everything
When doing renovations it’s important to document everything to avoid misunderstandings with your contractor. Keep all communication in one place including what you want done, what your contractor has agreed to do, and any changes to the original scope of work or price of the project. Did you know Renovation Trust allows you to keep all your important documents in one place? Both you and your contractor can upload pictures, contracts, quotes, warranties, guarantees and licenses. This way, everything is documented and there is less of a chance of any misunderstandings occurring during your project.
Renovating during COVID-19 can be tricky. Renovation Trust allows you to navigate and manage your project in a safe and secure way, all while protecting your money. Visit www.renovationtrust.com or call us at 1-800-673-9716!