Whatâs a Fair Amount to Pay for Renovation Deposits?
In general, you should never pay more than 20% in upfront deposits for your renovation.
Exceptions: An upfront deposit of more than 20% might be reasonable for minor renovations e.g. kitchen cabinets only.
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Negotiate a Fair Renovation Payment Schedule
To avoid making unnecessary payment upfront, you should negotiate for a payment schedule that is "progressive" in nature.
This means only paying what is essential at each renovation milestone based on actual work completed.
See: What a fair payment schedule should look like.
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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 youâre protected before, during, and after the renovation.
You can check if a Renovator is CaseTrust-accredited here.
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Sit Back â Your Renovationâs in Safe Hands
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Recommend Me!Nobody Around Us Could Recommend a Good ID
It was almost like they didnât 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 didnât 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 â Your Renovationâs in Safe Hands
No more worries. HomeMatch will recommend you trusted & suitable renovators, check your contract, and protect 100% of your deposits!
Recommend Me!
