Renovating? Make sure you have a contract.

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Preparing a home for sale invariably includes spending money on repairs or upgrades.

Whether you’re having your roof repaired, installing new kitchen cabinets or updating your bathroom, if you’re hiring a professional for the job you’ll need a written contract.

In Ontario, any agreement with a contractor for more than $50 must be in writing. This means that you should have a contract even for small home renovations or repairs. And, if the contract is signed in your home, you are also entitled to a 10 calendar-day cooling off period. Within these 10 days, you may cancel your contract without having to provide a reason or pay a cancellation fee.

Make sure the contract includes:

  • The contractor’s name, address and contact information.
  • A thorough description of the project, including the materials to be used.
  • A written estimate for the job.
  • A description of any warranties provided.
  • The total cost, including deposit amount and payment schedule. The recommended deposit amount, if applicable, is maximum 10 per cent of the total cost.
  • A work schedule, including start and completion dates.

It is in your best interest to have a contract in place and get receipts for payments. Remember that no receipt means that you have no proof of purchase.

These tips have been provided by Consumer Protection Ontario, a consumer awareness program from the government of Ontario. Visit Ontario.ca/HomeRenos to learn about your rights and responsibilities before you get started.

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Categories: Community Interests, General, Real Estate Market Tips, Selling Your Home  |  Tags: , , , , , , , , , ,
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