A fair payment schedule helps protect you from unnecessary upfront payments and puts more power in your hands.
Payment Schedule Rule-of-Thumbs
Progressive Payments
Check if your ID is proposing a payment schedule that is made progressively so that you only pay what is essential at each major renovation milestone.
Avoid Huge Upfront Deposits
In general, you should never pay more than 20% in upfront deposits before work starts for major renovations that are progressive in nature.
Exceptions: An upfront deposit of more than 20% might be reasonable for minor renovations e.g. kitchen cabinets only.
Negotiate for a withholding payment
Ensure that final a 5-10% of payment is withheld till satisfactory completion for all works. This will incentivise your renovator to complete rectification works and perform pre-handover checks promptly.
Important: Please keep in mind that while withholding payment can give you leverage over your renovator, we urge homeowners to exercise fairness. Reciprocity plays a role – treating your renovator with respect will ensure their willingness to assist with post-sales services and future rectifications, even long after the project's completion.
Example of a proper payment schedule
Renovation Payment Schedule
Example of Renovation Payment Schedule with Progressive Payment
| Amount |
Milestone |
| 15% |
Deposit upon signing renovation contract |
| 25% |
Upon commencement of renovation |
| 25% |
Upon commencement of masonry works |
| 30% |
Upon commencement of carpentry works |
| 5% |
Withheld till satisfactory completion and rectifications of all works |
CaseTrust-accredited Renovators are required to propose a fair payment schedule
Renovators with the CaseTrust mark undergo rigorous assessment which verifies that it has good business practices.
Working with Renovators with the CaseTrust mark ensures that you’re protected before, during, and after the renovation.
You can check if a Renovator is CaseTrust-accredited here.
Nobody Around Us Could Recommend a Good ID
It was almost like they didn’t exist - so we started our search on Google. HomeMatch came across as a no brainer for us to try because of their case trust accredited IDs, clear outline of their services and the fact that they came at no cost to us. The communication with HomeMatch were always swift, clear and helpful. From our online form, they called and clarified our needs then set about to match us with five IDs. We were able to view their profiles, portfolios and video snippets which were handy when it came to comparing meeting them in person whether they were authentic. Four of the five IDs contacted us swiftly and met with us twice - the first time to understand our requirements and floor plan and the second time to propose layout and itemized quotation. Same went for the fifth ID who was a later match because the initial match was not able to meet us. HomeMatch really came through with promptly replacing the initial recommendation such that the replacement ID was able to meet us the very next day. We were able to select an ID from the five based on all our interactions and although the process from contacting HomeMatch to signing with ID took 2 months it would have taken even longer had we tried to source IDs from the wild. HomeMatch services didn’t end with us signing the contract. HomeMatch reviewed our contract and advised us of its pros and shortcomings. They also provided critical tips that will help make our renovation journey a successful one. Although our Reno work have not begun we know that clear communication works best and we can always count on HomeMatch should we need them again.
Sit Back — Your Renovation’s in Safe Hands
No more worries. HomeMatch will recommend you trusted & suitable renovators, check your contract, and protect 100% of your deposits!
Recommend Me!Nobody Around Us Could Recommend a Good ID
It was almost like they didn’t exist - so we started our search on Google. HomeMatch came across as a no brainer for us to try because of their case trust accredited IDs, clear outline of their services and the fact that they came at no cost to us. The communication with HomeMatch were always swift, clear and helpful. From our online form, they called and clarified our needs then set about to match us with five IDs. We were able to view their profiles, portfolios and video snippets which were handy when it came to comparing meeting them in person whether they were authentic. Four of the five IDs contacted us swiftly and met with us twice - the first time to understand our requirements and floor plan and the second time to propose layout and itemized quotation. Same went for the fifth ID who was a later match because the initial match was not able to meet us. HomeMatch really came through with promptly replacing the initial recommendation such that the replacement ID was able to meet us the very next day. We were able to select an ID from the five based on all our interactions and although the process from contacting HomeMatch to signing with ID took 2 months it would have taken even longer had we tried to source IDs from the wild. HomeMatch services didn’t end with us signing the contract. HomeMatch reviewed our contract and advised us of its pros and shortcomings. They also provided critical tips that will help make our renovation journey a successful one. Although our Reno work have not begun we know that clear communication works best and we can always count on HomeMatch should we need them again.
Sit Back — Your Renovation’s in Safe Hands
No more worries. HomeMatch will recommend you trusted & suitable renovators, check your contract, and protect 100% of your deposits!
Recommend Me!
