Remodeling your home is a very exciting project, but sometimes things go wrong. Here are some solutions for problems that emerge during a home remodeling project.
Have the Contractor Cover It
If you’ve hired someone to do your remodeling, any problems that emerge may be his or her responsibility to correct. A reputable contractor will have insurance to cover errors that he or she makes on the job. For example, the coverage could take care of damages caused when scaffolding falls after not being set up correctly. An established contractor will put this process into motion right away, working quickly to get your job completed and the claim closed out.
This is a piece of information you will want from your contractors before the job begins. Ask everyone who bids to provide proof of coverage before you award the job. Be sure to keep a copy so that you can pursue a claim if the contractor doesn’t cooperate.
Of course, your contractor may prefer to pay for the repairs out of pocket to avoid filing a claim that could spike his or her premiums. As long as everything is spelled out on paper, this can work rather well. It will probably be faster than waiting on an insurance claim, and your contractor will appreciate your cooperation.
Use a Payday Loan for Unexpected Emergency Repairs
Of course, you may be skilled enough that you’re doing the job yourself. You may have been working along in phases, buying materials as your budget allows and doing the work as your schedule allows. This can be a great solution for completing a remodel on a shoestring budget.
But let’s say you suddenly break a window, letting the harsh winter air into your home and putting your family’s health and safety at risk. You will need to address this unexpected repair quickly but may not have the cash on hand if your savings are tied up in the remodel.
There are ways to make the unexpected emergency repairs even if you’ve exhausted your own savings. Short-term options like easy payday loans can get you money in as little as one business day following approval. Once you pay the loan back, you can get your savings back on track and finish the remodel.
Check Your Homeowner’s Policy
Many home remodeling projects involve water lines and electrical components. These are some of the most important parts of the home. If something goes wrong with either of them, you can quickly have severe damage to your property.
It is not uncommon for these events to take place, and they aren’t always instant. For example, you may drive a screw into the wall and strike a water line. It may be fine for a few days before the leak becomes large enough to notice. By then, it may have damaged drywall, carpet, furniture, and hardwood. The cost of repairing and replacing these items can be very high, and if it’s a DIY job, there is no contractor’s insurance to pursue.
Because the damage occurred as a result of a common household problem, your homeowner’s policy may cover it. Contact your insurance provider immediately and see what your coverage is. Another good move would be to talk to them before the remodeling project and find out what your policy will and will not cover. If you need to add something to it, you can get it done before you run into a problem later on.
When you decide to take on a remodeling project in your home, you’re also taking on some risk. These steps can help you get things back to normal quickly when something goes wrong.
