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Updated about 8 years ago on . Most recent reply

User Stats

48
Posts
12
Votes
Susie C.
  • Investor
  • Seattle, WA
12
Votes |
48
Posts

1st Remodel - Questions about General Contractors

Susie C.
  • Investor
  • Seattle, WA
Posted

Hello all! Working on my first remodel and had some questions and would appreciate advice! 

Location is in Seattle. I found some topics in the forum that answered some of these questions, but they were from all over the country so I wanted to get a gauge of what it's like specifically here since every location is different. 

1.  What is standard in terms of payment? The one I have found is asking 30% upfront. 

2.  What are some things that I need to remember to include in our service contract? They have provided one, but I definitely want to be as thorough as possible to ensure that there are no missed points?

3.  Is it generally better to order materials through a big box store (i.e. Home Depot) or should I do a local builders supply? The contractor had suggested setting up an account with a local builders supply store to get the materials. 

4. Is it acceptable for me wanting to put up a Nest camera in the space so that I can monitor work and hours? Am I just being a pain now for them to deal with? 

5.  In short, anything else I should make sure of so that I don't get screwed over? 

Thank you in advance !

Thank you! 

Most Popular Reply

User Stats

179
Posts
67
Votes
Matt Gragg
  • Flipper/Rehabber
  • WASHINGTON State
67
Votes |
179
Posts
Matt Gragg
  • Flipper/Rehabber
  • WASHINGTON State
Replied

@Susie C. First off, welcome to the Seattle market!

1.) Standard terms of payments? We don't give 30% up front unless we have worked with them on prior projects. We have a predetermined pay schedule as long as the timelines are being kept up with the contract.

2.) Things to include? Timeline for things to be completed, materials choices and guarantee for the work being completed, to mention a few.

3.) Big Box stores? We do not set up accountants at small or local building supply stores as the pricing is generally too high and also if the materials don't get paid for by the contractor ordering them, the property will get a lien attached to it until the materials are paid for by the store. (Big box stores offer a re-loadable card if you are taking care of the materials cost and they only supply the labor.

4.) Is it acceptable to put up a nest camera? I would not set up a camera. If you don't trust the contractor or have a bad feeling, I wouldn't use them, period. 

5.) In short, anything else? I would ask to talk to some previous clients and yes investors not retail clients. As retail is a different avenue altogether with higher rates than what is typicallyy offered to investors.

Sounds to me like you might need a project manager to ensure schedules and quality are being kept on your project.

Let me know if you need anything, would love to help you out.

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