Iâ€™ve witnessed an interesting phenomenon as Iâ€™ve renovated dozens of houses over the years, getting many contractorsâ€™ estimates and seeing their workâ€“itâ€™s a process that Iâ€™ve named â€œThe Contractor Cycle.â€
The 4 Phases of the Contractor Cycle:
Phase 1: Getting Contractorsâ€™ Estimates
For a major home improvement or renovation, a homeowner usually hires the services of a contractor to do the job efficiently and quickly. For a first-time homeowner, however, he would be surprised to know that there is a law that would attach his property to his contractor, a legal remedy known as mechanics liens. Although a mechanics lien is unavoidable, there are a few things a homeowner could do to protect his home.
The basics of mechanics liens