A contract is an essential document in the remodeling process. Certain elements need to be included in order to protect both the remodeler performing the job and the client. The contract also should be fair and direct and have all the information necessary to move forward with a project. Writing for the National Association of the Remodeling Industry (NARI), Rita Melkonian shares several tips for preparing a good remodeling contract.
- Clarify payment details. Include the amount you need as a down payment and all subsequent amounts in your payment schedule. You can also include cancellation fees.
- Incorporate a procedure for changes. State that all changes must be made in writing (via email or otherwise), protecting both you and your client should any confusion arise.
- Include a lien release, meaning the client is not liable should you fail to pay any subcontractors who worked on the project. These extra clauses will reassure your clients that they can trust you when hiring you as their remodeler.
- Add a termination clause to your contract. For example, if your client does not pay you on time, you can leave the job without penalty.
Having a solid contract will help you close deals faster and will reassure your clients that you’re a legitimate and professional remodeler who will get the job done. You should also have a reliable design software so you can draw out your remodeling plans and show your client what to expect before executing the project.
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