It is not easy to find a good contractor these days. A contractor would always want you to hire him and then pay him a handsome amount of money and do not ask him much to do. But that’s not what the investors want. An investor wants to know the correct value of the property and the amount of money and time that will be spent on the renovation of that property before someone can start living in it or it can be sold to another party for a handsome profit. This is where a contractor comes in and tells you a ballpark figure for the renovations and updates you about the correct value of the property and this is how an investor-friendly contractor works. Every contractor is not investor friendly as they would want to keep a major chunk of the money for themselves and they will not guide you regarding the correct value of the property. Here are a few options that can be helpful in finding a good contractor.
REIC
The real estate investment clubs are located in almost every neighbourhood especially in populated areas like Bergen country. Investors/contractors have regular meetings in those clubs. So people there will have a very fair idea of the reputation of every contractor which can help you a lot.
LOOK ONLINE
One may look for an investor friendly contractors on trustworthy websites like www.capnovateconstruction.com. Random websites may confuse you a bit. But a good website with authentic data is surely a real deal to keep.
WORK AREA
Another option can be to visit work areas of the contractors, look at their work, talk to them and analyze if you find them investor-friendly or not.
RULE OF THREE
Rule of three can be of extreme help to you if you are a beginner. Consult at least 3 contractors at a time. Ask them for quotes, walk the property with them. Ask them the same questions, and you will be amazed at what all you will be learning by doing this simple exercise. You will know which contractor is charging you more and who is charging you less. Similarly, you will understand the things in a much better way by listening to it from three different people instead of getting it all from one person whom you have just met.
DISTANCE
First of all, it is very difficult to find a contractor who is willing to give quotes only. Even if you find an Investor Friendly Contractor NJ, it will be hard for him to reach you after a drive of 2-3 hours and give you a price quote and then leave without getting paid. So try and find someone who is nearby. And can be made available on short notice
LAST WORDS
It is difficult to find appropriate contractors and to guide your business into the right direction. But once you have done this hard work and executed a system in place, then you will not be doing much work and your trustworthy contractors will be doing your work for you and all you have to do is to sit back and enjoy the fruits of the system you have created by your hard work.