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No to anyone in particular...
Anyone building a home and perhaps not intimately familiar with the process, whether you are attempting yourself or using a contractor may want to consider using an independent third party inspector. Write this into contract and make payments conditional on passing inspection. Could be money well spent just for the peace of mind. Some construction loans require inspections. You can too.
David
Ninole Resident
Ninole Resident
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That's an awesome suggestion.
Carrie
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quote:
No to anyone in particular...
Anyone building a home and perhaps not intimately familiar with the process, whether you are attempting yourself or using a contractor may want to consider using an independent third party inspector. Write this into contract and make payments conditional on passing inspection. Could be money well spent just for the peace of mind. Some construction loans require inspections. You can too.
David
Ninole Resident
I agree with you 100% and she is right here on this web site. Kapohocat gets my vote for construction management!
If you think health care is expensive now, wait until you see what it cost when it’s free...now here come the taxes.....
The 3rd party inspector is a good idea, but if the budget is tight, the bonding scenario is great. Bonding is free. Moneys are distributed to the bonding agent 4 or 5 times during a project. The lending institute has their own inspectors in place to check completion of certain aspects and only then will the moneys be made available to the bonding agent. If you’re doing a project with a contractor without a construction loan and it will be permitted, simply write into contract "payment (or finial payment) contingent upon county inspection approval." That is our normal procedure with any plumbing or electrical subs we use. I say "final payment" because most jobs have a payment plan of sorts.
Shaun
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Lenders have their own "inspectors" but they do not check the quality of the work, they just check if a certain phase is completed before the lender releases the next draw. Is your roof up? You get the next draw. Is your roof leaking? You have to deal with the GC.
Aloha,
John S. Rabi, ABR,CM,CRB,FHS,PB
http://www.JohnRabi.com
Typically Tropical Properties
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you are absolutly right John. Lending inspectors dont check for quality and county inspectors just check for it to be up to code. "if you have a leaking roof" and if the county inspector did not see it or it appeared to be up to code, there is potential for a big problem. Clear writen expectations in accordance with a fair payment plan (holding back a chunk of $$$ till you a 100% satisfied) will keep "contractor" interested untill he is paid in full.
Aloha,
Shaun Perry
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Just wanted to give everyone a heads up. They are now advertising as Ed's Masonry & Carpentry 25 years experience in the Tribune Herald!
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quote:
The 3rd party inspector is a good idea, but if the budget is tight, the bonding scenario is great. Bonding is free. Moneys are distributed to the bonding agent 4 or 5 times during a project. The lending institute has their own inspectors in place to check completion of certain aspects and only then will the moneys be made available to the bonding agent. If you’re doing a project with a contractor without a construction loan and it will be permitted, simply write into contract "payment (or finial payment) contingent upon county inspection approval." That is our normal procedure with any plumbing or electrical subs we use. I say "final payment" because most jobs have a payment plan of sorts.
Shaun
HPM sells package, sells lumber, and bonds contractor. Who's guarding the hen house?
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ATTENTION all!!! Excellent contractors from Minnesota coming to Puna this year!!!!
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Hey Mountainview, how is the house coming? I hope everything came together for you finally.
Scott
