Home

House Flipping 2016: Find the Right Contractor via These 3 Screening Standards

Trustworthy contractors can execute all of the difficult work on your behalf. Even when you consider yourself an all-around kind of person, at some point you will need the help of a licensed and skilled professional for a few renovation projects. Their experience and skills will help you achieve results that are of the highest quality, especially if you have chosen the right person for the work.

One of the most difficult aspects of real estate investing is house flipping. Putting together brilliant individuals to complete your house flipping team is not an easy task. However, to make the process as smooth as possible, here is a guideline on how to screen potential applicants.

Ask your family members and close friends if they know one.

A recommendation from your sister, a neighbor, or a colleague, is amongst the best ways of finding trustworthy contractors. Because you already know these people, they will be honest in providing you with accurate information about the candidate.

Have the candidate provide references.

Tell the candidate if he/she can provide you a list of references, listing those that are not affiliated or related to him. Make sure they have at least three, along with before-and-after photos of projects your applicant has completed.

Compile Three Bids

Throw the same set of questions to each one of the contractors. As with everything else, the lowest of the bidders do not always mean the best option, and that the highest bidders do not always guarantee the most royal treatment. Due to the costs of labor and materials, a significantly low bid could be an astounding red flag. In order to be safe, always select the bid and contractor that offers the most reasonable prices.

Above all, look for proof that they are licensed by the state to execute such work. This particular verification process will become the first filtering stage, separating the unqualified from the reliable contractors.


Join the Discussion
Real Time Analytics