Whether you’re a homeowner getting renovations done or a contractor who does renos, it’s important to know what must be included in these types of contracts. Hear our top three tips for consumers and businesses when it comes to signing and writing renovation contracts.
Home renovation contracts
Consumers and contractors often enter into what is called a future performance contract – where the consumer does not pay in full upfront or doesn’t get the goods or services immediately. With this transaction, very specific information must be in the contract.
Why does it matter?
Contracts that are written properly offer protection to everyone involved because the expectations are clear from the start. With these contracts, the details really matter.
3 things that a business must include in their reno contract:
- The start and end date of the contract
- A detailed description of the goods or services to be supplied under the contract
- A detailed statement of the terms of payment
3 tips for consumers before signing a reno contract:
- Understand what services you are getting
- Always read the fine print
- Ask about any cancellation policies
One last tip
Clear communication is key. With any big project it’s very important to maintain open and consistent communication. If timelines or costs change on either side, make sure you get things in writing and be up front. Both the home owner and the contractor should try their best to communicate and keep each other in the loop so there are no surprises and expectations are clear.
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About Consumer Protection BC
We are responsible for regulating specific industries and certain consumer transactions in British Columbia. If your concern is captured under the laws we enforce, we will use the tools at our disposal to assist you. If we can’t help you directly, we will be happy to provide you with as much information as possible. Depending on your concern, another organization may be the ones to speak to; other times, court or legal assistance may be the best option. Explore our website at www.consumerprotectionbc.ca.