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Essentials to Have When Hiring a Building Contractor


Home improvement or remodeling projects are important investments. The person you hire for your project can make a significant difference in terms of the results. Looking for a contractor that communicates well and one with a good reputation can be a challenge. Nevertheless, this shouldn’t be a reason to settle for a bad contractor. You just need to know the essentials to have when hiring a building contractor. That way, you can negotiate bids with different contractors confidently. Here are some of the essentials to have when hiring a building contractor. 

A Plan 

Decide on what you want and the right contractor that can provide it. Do this even before you call any prospect to avoid wasting time when vetting different contractors. When you know what you want, you won’t waste time because you will be more specific with your questions and answers. 


Talk to the people you know and trust. These can be people that have hired contractors for their recent projects. If impressed by the work done by a contractor in your neighbor’s or relative’s house, ask them to refer you to their contractor. Find out if they were impressed by the work of their contractor and if they can advise you to hire the same professional for your project. 

Questions to Ask the Contractor 

Once you’ve gotten suggestions from friends and relatives, come up with questions that you can ask a prospective contractor. The questions you ask should help you assess different contractors. They should guide you in gauging the communication style, skills, and experience of prospective contractors. 

Detailed Documents 

Once you’ve asked prospective contractors several questions, know the documents to get before your chosen contractor starts working on your project. These documents include a contract, a detailed bid, and a payment plan. Make sure that you know what the contractor will do and the amount you will pay for their services.

The process of hiring a building contractor may seem daunting. But, when you use these essentials, you save time and avoid the stress of hiring the right building contractor.  

Types of Home Construction Loans


Building a new home is an exciting undertaking. However, the unfamiliarity and intricacy of mortgage loans temper the enthusiasm of most people. If you intend to take out a home construction loan, here are the two types of home construction loans to know about. 

Construction-to-Permanent Loan 

A construction-to-permanent loan gives you a single closing. This lowers the fees you will be required to pay. When constructing your home, you will pay interest on the outstanding loan balance only. This loan has varying loan during construction. However, it moves up or down with your prime rate. For instance, if short-term interest rates goes up or down depending on Federal Reserve regulations, the interest rate of your loan will also change. 

This construction loan is converted to a permanent mortgage once home construction is completed. This permanent mortgage is just like other mortgages. You can have an adjustable-rate loan of a fixed-rate loan with a specific term. The term can be 15 or 30 years. 

Most lenders allow borrowers to lock a maximum mortgage rate at the beginning of a construction project. Generally, lenders require borrowers to make a down payment of 20% of the expected permanent mortgage amount. However, some lenders have exceptions. 

Stand-Alone Construction Loan 

This loan works out well for borrowers when it allows them to make down payments in smaller amounts. This is a major advantage for borrowers that are homeowners and don’t have cash for making a down payment yet they will have cash once they sell their home. With this loan, a borrower can live in their current home as their next one is being constructed. 

However, this loan has its drawbacks. For instance, the borrower pays two fees and for two closings. One payment is for a construction loan and the other for a permanent mortgage. Additionally, maximum mortgage rate can’t be locked. That means if the rates go up during construction, the borrower pays higher than the expected rate on their permanent loan. 

It’s important to learn more about these loans before making your decisions. Additionally, look for the best rates and policies when taking out any of these types of home construction loans. 

Reasons Why a Contractor Should Have Comprehensive Insurance


As a contractor, it’s your goal to complete every construction project successfully. Unfortunately, the unexpected happens. That’s why you should have a comprehensive insurance policy to protect you. If unsure whether you need comprehensive insurance, here is a breakdown of the reasons to have one.

Business Protection

Construction projects are exposed to potential complications every day. To build a construction business, you have to take strategic risks. Having adequate insurance is part of the process of managing risk. As you get more projects and have increased work, your work environments may become more complex. Having a comprehensive coverage gives you protection against different scenarios.

For instance, comprehensive insurance protects you from bodily injuries and property damage that a third party can cause. Basically, liability coverage provides protection for your business against different claims. The claim could focus on the entire company or individual workers.

Employees Protection

Employees are basically the backbone of a construction business. It’s therefore, natural for the contractor to want to ensure safety of the employees while providing the tools necessary to do their work. Construction insurance is an important resource for employees. It makes navigating bodily injury claims from people that may wander into a jobsite inadvertently easy. This is particularly important when working outside medical facility, office building, or a similar structure. Comprehensive insurance and workers’ compensation insurance provides a strong protection for a business.

Building Reputation

It’s easy to get information about a contractor through a simple search on the web. This implies that clients can investigate your construction company before they decide to engage you. Having a comprehensive insurance policy demonstrates that a contractor is committed to safety as well as the wellbeing of workers and the community. It shows that a contractor stands by their expertise and has the ability to protect workers, business, and property of clients, as well as individuals that may encounter risks at the construction site.

If you are a contractor consider having a comprehensive insurance coverage. If you want to hire a contractor, choose one with a comprehensive insurance cover.

Top Myths About Home Improvement


You’ve probably heard many things about home improvement. Some of these things are true while others are simply myths. Mr Arturo Terrazas, which represents a San Antonio Roofing Company out in Texas, once shared his top myths that you have probably heard about in home improvement.

Any Home Remodel Is Good

You might think that any home improvement project is good. However, the truth is that not all home improvements are good. For instance, when you want to sell your home, you don’t have to invest a fortune in its renovation. That’s because if you spend a lot of money on home improvement, you might not recover your money when you eventually sell it.

An Expert is not needed for a Home Improvement Project

Perhaps, you are convinced that you can handle your home improvement project without professional assistance. However, this is not true. There are things that need skills and experience of a contractor to do right. Handling a home improvement project yourself may seem like a great way to save money. But, you should know that you have limits. Some projects are risky to do without the right skills, experience and tools. Such projects are better left to experienced home improvement contractors.

A Swimming Pool Adds the Value of a Home

Maybe you think that adding a swimming pool in your home or a hot tub will make your home sell faster and at a higher price. This is not always the case. Location is very important. If your home is in a pool-friendly region, a pool can be a sure seller. However, if it’s in a cooler climate, a pool may not have significant effect. In fact, there are places where prospective buyers see a pool as major liability due to the maintenance work that is associated with it. Therefore, think about pool addition carefully when planning your home improvement project.

The Latest Designs are the Best

This is a myth. Some home improvement trends may be out of fashion but they can still give your home an impressive look. Neutral palettes or colors for instance have a timeless feel. These tend to appeal to most people.

These are common myths about home improvement that you should know about when planning your remodeling project. If unsure about anything, talk to your home improvement contractor first.

Top House Building Tips for Homeowners


Generally, everybody is excited by the idea of building a new house. When you are involved in the design and eventual construction of a house, you customize its details. You also incorporate elements that make the house ideal for your family. Nevertheless, the process is not all sunshine and rainbows. You need to figure out the functionality of your house, its look, and your priorities. Here are tips that you should have in mind when building a house to make the process easier.

Set a Realistic Goal

When you get a chance to customize a house, you can be tempted to include almost everything that you have been dreaming about. For instance, you might want to include custom cabinetry, marble bathroom, and high-end appliances among other fixtures. These features sound great. However, it’s important to know that you have to pay for them. Therefore, set a realistic budget and work with it. Avoid spending money on fixtures that can be bought and installed later.

Avoid Space Wastage

If you don’t need rooms, avoid including them in your new house. Unused rooms are eventually turned into dumping spots in a home. What’s more, extra square footage implies more house to be maintained and cleaned. Therefore, rather than focus on house size, focus on efficiency.

Check the Completed Work

No matter how much you trust the contractor that you hire for your project, stop by the site more often to see what has been done. There are many details that are involved in the construction of a house. As such, it’s easy for a contractor or their worker to make mistakes. For instance, the electrician can forget to add an outlet in the deck area. Wrong materials can also be used in the master bathroom. It’s only if you stop by your construction site that you will notice such mistakes and talk to your contractor about them.

Follow these tips to make your house building process seamless.

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