How to Organize your Documents for your House Rehab in Pleasant Hill
February 10, 2021
Once you’ve evaluated and picked the contractor that best suits your rehabbing project, you can move on to signing the contracts. Keep in mind, no project should start before all parties involved have agreed and signed the contracts. (This is a must.)
Below are some helpful tips on how to organize your home rehab in Pleasant Hill. Keep reading for more great tips!
Be sure your paperwork has the following:
- Independent Contractor Agreement: Details everything about a project, including the price.
- Scope of Work: Details the extent and limitations of the project, including every single material to be used.
- Payment Details: When payment will be delivered.
- Insurance Indemnification Form: Insurance requirements of the contractor for their workers and any liability throughout the duration of the project.
- W-9 Tax Form: This is a form required by the IRS for independent contractors.
- Final Lien Waiver: This is for the end of the project, but it’s best you show the contractor the stipulations at the beginning.
Once forms are prepared, schedule a meeting and walk through with all parties involved (contractors, subcontractors). This will give you the peace of mind that everyone involved is on the same page, especially with project details, time frame, and the budget. Entertain suggestions and address disputes immediately.
— see article here: https://www.fortunebuilders.com/real-estate-rehab/
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