Choosing a contractor to work with during your fix and flip can be difficult whether it’s your first flip or your 50th.
For many experienced developers, they’ve got their list of go-to contractors that they work with on a regular basis, but there may be times when that contractor is tied up on another job and unavailable and even a developer who’s been in the game for years needs to do some research to find a contractor they can trust. In this blog we'll discuss ways to ensure that you're selecting the best contractors Hampton Roads has to work with.
When you’re looking for contractors in Hampton Roads, it can be difficult to know which contractors are reputable, who will be able to stick with your timeline and budget, and - most importantly - who will be able to produce high-quality work. Below, we’ll take a look at a few tips on choosing the right contractor in Hampton Roads for your next fix and flip or development project.
Start With Reviews and Referrals
When you’re compiling your list of prospective contractors in Hampton Roads the best way to start is by taking a look at various online review sites and, of course, getting referrals. If you’ve got a large enough network you may be able to get referrals from other contractors you’ve worked with, otherwise family and friends may be able to tell you who they’ve had success with. If you’re coming up short with that method, hitting the Internet and checking out reviews on sites like Yelp! and Angie’s List is a great way to get people’s opinions on contractors you don’t have experience with.
Check Their Licenses
Once you’ve narrowed down your list of prospective contractors in Hampton Roads - or in any municipality - be sure to check their licenses to verify that they’re active and that they’re in good standing. When contractors are properly licensed they’re adhering to a strict set of standards set by the municipality or the state that may require things like carrying a certain amount of insurance or maintaining continuing education to stay up to date on the latest innovations and regulations. In many states, you can simply go online and check to see if a contractor’s license is up to date and if there are any infractions against them.
Move On To References
This is where things may get a little bit tricky. When your list has been narrowed down even more, you’ll want to reach out to the contractor themselves to speak with them and get a feel for how they do business. While speaking with them, you should ask them for a list of references, which they should be happy to provide. If they seem hesitant about handing over some names and contact information, take that as a red flag. Keep in mind, there’s a difference between them saying they’ll need to get permission from their former clients to give out their info (which is common courtesy) and saying that they simply don’t have info to give out, or that they don’t routinely give out a reference.
Meet Face To Face
Finally, you’ll want to meet with your chosen contractor (or your narrowed-down selection) face to face. If possible, see if you can meet with them on an active job site so that you can actually see them in action and check their work or - at the very least - get a feel for the type of person they are. After all, it’s easier to judge a person’s character when you can look them in the eye.
Now that you’ve got a few tips on how to best find a contractor in Hampton Roads, download our guide Building Your Real Estate Empire: Borrower Basics 101 to get started.