Blog Archives

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Insurance Coverage for ReModels, Part 2.

In an earlier blog (https://tinyurl.com/yyzlf5qf) I discussed checking that the contractor has injury, property damage, workers’ compensation and liability insurance. I also suggested purchasing builder’s risk insurance. Another option is completed operations insurance. Completed operations insurance offers a safety net once the project is completed. For example, if you had a new garage door installed […]

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Avoid Lead Removal Liability.

Part 3. The disclosure part of the lead removal rules (see part 1 and 2 for the other guidelines) requires that an EPA booklet entitled “The Lead-Safe Certified Guide to Renovate Right” be supplied. This document must be supplied before the work is done if there is an existing tenant. The booklet must be supplied […]

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Rehab Lead Removal Requirements, Part 1.

If you buy and fix up older homes to sell or hold as a rental, you may be subject to lead disclosure and remediation requirements. Many people are familiar with the lead paint disclosures, which are required upon sale or rental where the property was built before 1978. But the lead renovation rules are different. […]

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10 Musts when Hiring a Contractor, Part 1.

1. Verify the Contractor is Licensed. Verify the contractor is licensed and has the correct license for your specific project by going to www.azroc.gov, and check to see if the contractor is in good standing and has any past complaints. 2. Three Bids. Ensure you don’t pay too much for the project by getting three […]

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Remodeling Pays Off

People are putting money into their homes again now that values are rising. Of course the declining values didn’t stop remodeling, as owners without equity decided to stay put and improve rather than do a short sale. In any event, owners can significantly recoup their costs if they do certain remodels now and sell later, […]

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Remodeling still Pays Off!

With the decrease in value of homes, people are staying put. Many are unable to move due to a lack of equity or can’t afford the sale and moving costs. But if homeowners need a change, will they recoup any of their costs if they remodel? The inability to move is the result of the […]

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