Hire the right contractor

Although many homeowners take on small renovation projects themselves, they often hire contractors to work on larger projects, including kitchen or bathroom overhauls and home additions. Regardless of the project, finding the right person for the job can be a challenge.

This month, the information I’m sending includes tips to help you hire the right contractor for your next home renovation project. In addition to offering tips intended to help you narrow down your list of contractors, the piece also provides several questions to ask the contractors you’re considering as well as the crucial details that should be included on the agreement with your selected contractor. Although the piece focuses on hiring a contractor, the tips provide a basic outline of things to consider if you’re hiring any type of building professional or tradesperson for a home project.

MARKET UPDATE:

US house prices are going to rise at twice the speed of inflation and pay:  Reuters Poll Source: CNBC

An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.

The latest poll of nearly 45 analysts taken May 16-June 5 showed the S&P/Case Shiller composite index of home prices in 20 cities is expected to gain a further 5.7 percent this year.  That compared to predictions for average earnings growth of 2.8 percent and inflation of 2.5 percent 2018, according to a separate Reuters poll of economists.

U.S. house prices are then forecast to rise 4.3 percent next year and 3.6 percent in 2020.

If you’re considering a home renovation, give me a call. I can refer you to reputable contractors and tradespeople in our local area or advise you on renovations that may increase your home’s value.

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