Top 7 Questions To Ask When Hiring a Contractor

By: Chris Herath

House with money.

Hiring Tip #7: How Much Money Is Needed Up Front?

Not only is it important to know how much the remodeling project will cost, you also need to know how much is required in advance of starting the job. You want to provide enough of an advance so the contractor can order materials and get started on the work; but not so much that they will delay finishing the project, or worse, leave town.

The usual advance upon signing a contract is 10% of the total cost of the job, or $1,000, whichever is less.

Once the project is underway, don’t allow yourself to be pressured into paying for work which has not been completed. A reputable contractor won’t need large amounts up front. If they are operating correctly and efficiently, their cash flow should be fine.

A quick tip for paying contractors is to be careful who you are making a check out to. Do not write your check out to the individual. This can cause a lot of problems if the work is not completed.

You want to be sure you are making a check out to the contracting business, not the individual. This ensures that the contractor has a valid business license, and it will make it easier to file a claim or take legal action if needed.

Also, be sure to keep track of all your payments through your checkbook or online banking service.

Following these quick tips will help protect you when hiring a contractor, and it will allow you to avoid many of the problems which can arise. There are usually lots of contractors available to choose from, so take your time, and be sure you are comfortable with your decision.

Chris Herath is a life insurance specialist and co-founder of MortgageLifeInsuranceRates.com. He specializes in term life insurance planing which help people protect their investment, as well as their family.

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3 Comments on “Top 7 Questions To Ask When Hiring a Contractor”

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  • Thomas Says:
    October 22nd, 2014 at 8:33 am

    It’s a good list, but it could use more questions.



  • Retta Elliott Says:
    July 20th, 2014 at 6:20 am

    I just luv u men, thanks 4 all tips & tricks. 4 b n a single lady…I enjoy watching & viewing yas web site. Thank ya..enjoy tis weather n the south



  • Terrie@Basalite Says:
    July 7th, 2014 at 5:44 pm

    This is a really good start when it comes to asking the right questions of any contractor you’re considering. However, there are more things to consider when hiring a contractor. We recommend asking the contractor for references, for example, and pictures of prior projects. Knowing what their cleanup routine is can also save you a lot of headache. It’s a good idea to write out all of your questions before you sit down with a contractor, so that you don’t forget anything during the evolution of the conversation.


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