03-15-2006, 01:38 PM
A footnote to my earlier post about "being taken" by a local contractor. Right after the contractor was fined by the state for not having a contractors license, he contacted me and told me what happened and what had happened with the state....and that he had a death in the family and that he wanted to make things right with us. We agreed for him to continue what was outlined in our contract and that he would be down here with his crew to finish the job. He never showed. That was 3 months ago. The only salvageable thing that came about this loss was that I was able to write off a portion of the loss on my taxes.
I guess we were alittle nieve in giving half down to start but we had just retired and moved here from the mainland and just figured that this was a customary practice in hawaii. When we had our house built here, we paid in thirds: 30% framing, 30% rough in utilities, and 40% on final inspection. But since our house cost alot more than the contract price for our lot improvements.....we thought it was within reason.
I guess we were alittle nieve in giving half down to start but we had just retired and moved here from the mainland and just figured that this was a customary practice in hawaii. When we had our house built here, we paid in thirds: 30% framing, 30% rough in utilities, and 40% on final inspection. But since our house cost alot more than the contract price for our lot improvements.....we thought it was within reason.