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Updated over 9 years ago on . Most recent reply

Ruth Bayang's profile image
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Ruth Bayang
  • Investor
  • from Kent, WA
  • Member since Feb 23, 2015
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Ruth Bayang's profile image
Ruth Bayang's profile image
Ruth Bayang
  • Investor
  • from Kent, WA
  • Member since Feb 23, 2015
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Ruth Bayang
  • Investor
  • Kent, WA
274
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624
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Tacoma Real Estate Forum

Contractor deposit ??

Ruth Bayang
  • Investor
  • Kent, WA
Posted

How much of a deposit/percentage is "customary" to give a contractor to rehab a house?

Or do you not give deposits at all? I have a Scope of Work, a Contractor Agreement with spelled out draws and project end date with per diem penalties.. just not sure if a deposit if necessary??

I know states like California have a law that it's $1000 or 10% whichever is less.

Tacoma, Washington
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