There are many things to consider when choosing a contractor.  I am sure we have all either had a negative experience with a contractor or have heard horror stories about someone else’s experience.  Finding an honest and trustworthy contractor who meets deadlines is a needed component to your real estate arsenal.  Unless you know how to do all the rehab work yourself and strictly aim to invest in the area you live.  This is something one should spend adequate time doing.   Find and develop a good business relationship with a contractor who has the above qualities.

A quality contractor will welcome bids on a job.  He will give you his bid and justify it.  I have not always gone with just price.  There are other value added services a quality contract will provide, and he knows it.

He will guarantee the quality of his work.  If the work does not pass inspection, a good contractor will usually redo anything that is not up to code that he was responsible for fixing originally at no additional cost.

Once a business relationship is developed, a quality contractor will offer a thirty-day net or grace period to pay invoices.  I would be very suspect of one that wanted all the money upfront.  I would even think twice if one asked for fifty percent to start the job.  Everyone needs to protect themselves in business, but if you check out financial and have equity in your property, there is little risk for the contractor.

Should you always use the same contractor?  I will take that up next time.  If you have an opinion, please let me know.

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