The Real Estate Espresso Podcast (0:5:19)
On today’s show we’re talking about the main areas that owners run into trouble with contractors. There are 5 areas that I see over and over again. In some cases, these learning have been the result of first hand experience. There’s nothing more humbling than making a mistake when you really know better.
I believe it’s really important to get references when selecting a contractor. My favourite source of references come from architects. They get to experience a wide range of contractors over an extended period of time. Over time, they figure out who is good and who isn’t. So here we go the top 5 problem areas when developing contracts.
1) Scope
2) Payment
3) Purchasing
4) Termination
5) Liens
