Tips on Homes

Friday, January 12, 2018

Over the years I've been asked this question many times: "How much money (Deposit) can a General Contractor ask for at the start of a Home Renovation - Better known as a "Home Improvement Job"? and here is the correct answer. The California Contractors Code states that only $1,000 or 10% of the contract - WHICHEVER IS THE LESSER AMOUNT - Can Legally Be Collected. From that point on the amounts will come as the project is completed. It is in the best interest of the home owner to pay in increments of at least 3 to 4 payments based on how the project is coming along, with the final payment paid - when all inspections have been completed and a final walk through with the contractor and the home owner! ALWAYS check the Contractors Licensing Board for their current license status and make sure they are Bonded!
Federico Filippi

302 N. Cleveland St.
Oceanside, CA.
BRE #00712580
"Serving Oceanside Communities Since 1979"  

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