Home Additions 4
Dumbbells 
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How to Plan Your Home Addition |
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How to Design Your home Addition |
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How to Add More Home Value to Your Addition |
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How to build Your Addition with Lower Cost |
Large
Deposits There is no good reason for a large deposit being given when signing the contract. True, the contractor has some costs that have to be covered in the event you want to back out of the deal. He is going to apply for all the necessary permits, there are plans to be drawn, your account has to be set-up for record keeping & a host of other items necessary to get everything going. He is going to be spending most or all of that money for expenses incurred. What is a “large deposit? Five percent is usually enough. Ten percent is not totally unreasonable. Over that amount, I think, is getting to be too much. Most of the time it doesn’t make any difference, things go smoothly, work progresses, the job is finished, final payment is made & it’s all over. Too many times I talked to people who told me they were swindled out of thousands of dollars in deposit money. In each case the salesperson quoted them a ridiculously low price & then asked for a 50% or 75% deposit. He was never to be seen again. |
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