As your mortgage broker Toronto specialists, we are always happy to help you get the best mortgage rates and terms. Once you get the keys to your new house, there will be other exciting adventures ahead of you. One of the big ones is renovations.
Choosing the right contractor means having the right information to sort through the candidates. Here’s a few of the criteria you need to look at to make the best choice.
- In this digital age, word-of-mouth is still one of the best ways to find a good contractor. Neighbors are always a good source because you can actually see the work the contractor did. Don’t be afraid to ask a few questions about how the candidate handled any problems.
- The Internet is a great tool to get some names and phone numbers. However, it’s a good idea to phone each name on the list once you’ve put one together. Ask a few specific questions like the names and numbers of previous clients. Find out how many other jobs they are working on at the present time. Ask any potential contractor about the subcontractors they use and how long they’ve been working together.
- Meeting face-to-face is important whether you’re looking for a mortgage broker Toronto or a contractor. Someone doing renovations will be in your home for hours at a stretch. That’s why you should meet them first. Keep in mind that materials generally account for about 40% of the entire cost.
Once you have a short list of candidates, it’s time to start looking for blueprints and bids. Remember to ask for itemized costs of aspects like profit, labor and materials. You should ask for and expect to get the same kind of transparency we offer as your mortgage broker Toronto specialists. Get in touch with us today.
