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Home Improvement Financing – Lien Wavers Overview and Facts

07 Apr

Whenever you hire a general contractor who will be using subcontractors to complete individual aspects of a remodeling project, it’s important to protect yourself from future inability by insisting that everyone sign a lien waver before any payments are made.

Avoid serious legal trouble following a major home renovation by making sure you have a lien waver signed by each and every sub-contractor hired to work on your home before the final payment is made. Even contractors who work for just a few hours need to sign a waver.

Few homeowners understand that even if the general contractor has been paid in full for all services (and a receipt signed), subcontractors can still place a lien on their property if they don’t receive payment from the general contractor who ultimately chose and hired them. Lien wavers take payment responsibility from the homeowner and put it back on the general contractor.

It’s considered normal practice for the main contractor to assume responsibility for hiring all subcontractors, and paying them from the fee the charges the homeowner. That’s why homeowners hire general contractors in the first place. Problems arise, however, if the general contractor fails to pay his subcontractors. Which, by the way, happens all of the time. Without a signed lien waver from each worker, the homeowner remains responsible for those payments, even if they’d already paid the general contractor for the services.

Lien wavers protect homeowners from double paying on a specific job by ensuring that all parties understand that the general contractor will be handling all subcontracting payments.

What is important for a lien waver to include?

-The homeowner’s name.
-The contractor’s full name, address and telephone number.
-A detailed description of the work including the final state of the house at the completion of the job, as well as a listing of what materials should be removed from the premises.
-The status of the work.
-Signed and dated. Be sure to have the contractor print and sign his name on two copies (one for him and one for you). Date every one!
-A witness signature (optional, but encouraged).

It may seem like a bit of a hassle to make sure lien wavers are signed by every single subcontractor who steps into your house during a large-scale project. But, not making sure that everyone releases you from further payment once the job is completed, is an easy way to safeguard you from further financial responsibility.

 

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  1. wreckin209

    April 7, 2010 at 5:45 pm

    Where are the chalk lines and why did u start in the middle of nowhere ??? and your tile over hangs your thinset by an inch. thats gonna break right there . IDIOT… oh and thats thinset not mud !!!!

     
  2. What's Next?

    April 7, 2010 at 5:48 pm

    A simple answer would be to turn off the offending appliance. I for one am happy the government is acknowledging energy efficiency.

     
  3. kc7fys

    April 7, 2010 at 6:21 pm

    Why are you so mean? Usually people who say things like this are just externalizing their own self-hatred. Good luck with that, buddy.

     
  4. miss genuis

    April 7, 2010 at 6:23 pm

    I quickly glanced over the sites you listed..I think the second one would be most helpful for the average person and the first and third are useless…the last one..well..you can get this advice here from people..I don't think looking for a site that offers both home improvement and decorating is realistic as these are two very different subjects. If you want professional advice, then hire a professional..you get what you pay for. Being a freelance writer, I think you should be able to draw upon your own views.

     
  5. Samann

    April 7, 2010 at 6:28 pm

    all you need for this is a small amount of olive oil, add a small drop to the joints of the bed and it will stop squeaking. Just remember to put an old rag under the part you are oiling so it does´t drip on your floor or carpet

     
  6. JordanianPride80

    April 7, 2010 at 6:34 pm

    don’t you guys use any level tools..
    how the hell do u call this professional tiling !!!..

     
  7. Okie

    April 7, 2010 at 7:24 pm

    1) Box up anything smaller than a football you don't absolutely, positively have to use on a day to day basis.
    2) Replace worn, dated flooring. Including carpeting and linoleum. Buyer's can not imagine what it will look like, they need to see what it IS like, right now.
    3) PAINT everything a neutral color. A lot of buyer's are turned off if their furnishings don't go with the paint colors you have right now. Not to mention, fresh paint kills any odors that you might not even realize you have in the house.
    4) Pull up area rugs!! They break up the space, draw too much attention, and make buyer's wonder what you're hiding.
    5) Update old lighting fixtures. They will help your house compete with newer homes on the market and they are a cheap and easy do-it-yourself fix.
    6) Edit your furnishings down to only what you absolutely need. Arrange furniture at least 8 inches from the walls and angle some for visual interst.
    7) Keep in mind, buyer's walk through most listings in about 10 minutes the first time around, so make sure the features of your home come into focus as soon as they walk in the door. That means accessorizing to draw the eye directly to them without overpowering them. IE: Bright greenery on top of a mantel with a couple of shiny candlesticks will serve you better than some eye-popping artwork.
    8) Remove window screens that aren't needed daily to flood your rooms with natural light. Update lampshades and bulbs to make your rooms shine even brighter.
    9) Make sure the house is HOSPITAL CLEAN, especially kitchens and bathrooms. Just avoid the hospital smell. Fresh citrus cleaners are better than pine-based solutions.
    10) Fresh mulch can boost your curb appeal 100%!! Makes your place look freshly landscaped.
    11) Paint your front door a glossy fresh color! Add a bright brass kick plate for added sass. And a bright pot of mature annuals is always a welcoming touch.

     
  8. HRcircut85

    April 7, 2010 at 9:54 pm

    Thanks Douche bag

     
  9. salexos

    April 8, 2010 at 5:33 am

    To Learn more about Kitchen, bathroom, and basement remodeling visit http://www.renuremodeling.com/ it has some good information even if it is out of your area.

     
  10. HRcircut85

    April 9, 2010 at 2:38 am

    Am I attacking you personally? OR even someone from expert village individually? No, What the fuck are you going through reading comments from MONTHS ago and bitching about them? YOu fucking douche. YOU DONT HAVE TO POST A FUCKING VIDEO ON FLOORING OR TOILET FUCKING LIKE YOU TO HAVE THE RIGHT TO COMMENT YOU CUNT FUCK

     
  11. kc7fys

    April 9, 2010 at 1:19 pm

    Seriously. My email is kc7fys at ahyoo if you would take this off YT and get with me there. I don’t have much experience with concrete and am currently in the middle of a basement floor project–and don’t actually know who you are.

     
  12. What's Next?

    April 9, 2010 at 3:05 pm

    I thought he was shilling for Lowes.

     
  13. HRcircut85

    April 10, 2010 at 8:51 am

    Hahaha, sure why not! Don’t need directions though, I know where to go

     
  14. Eric A

    April 10, 2010 at 9:46 am

    Just buy them some donuts and coffee every now and then. Let the contractor handle the money. Tipping is not usually associated with construction.

    And why start something that can get out of control. You can at the end of construction have a wrap party.

    ???

     
  15. HRcircut85

    April 10, 2010 at 6:45 pm

    Hah, you dumb fuck where did you ask me to be constructive? Was it in between “where’s your video jackass?” and “Just zip it?” I cannot seem to find where you asked to be constructive.

     
  16. smokewizzle44

    April 10, 2010 at 7:04 pm

    Just be honest. Tell your supervisor you feel like you've earned an increase in pay. If you need to, offer to take on added responsibilities or move to a different job position that comes with an increase in pay. Good luck!!!!!

     
  17. HRcircut85

    April 11, 2010 at 1:46 am

    Sil Baccalieri 24, Minneapolis MN!!! WhAT A COINCIDENCE! Look and read all of these comments, you’ll notice something….every person on here is saying the same thing-The information expert village is giving in this video is INCORRECT. What I don’t understand Jonathan is why you took it upon yourself to take it so personally? You in this video? Did you make it? I just don’t get why some random guy would care SO MUCH about my opinion. They make hundreds of videos all of which are inaccurate

     
  18. Staying Quiet

    April 11, 2010 at 2:55 am

    Everything, try ans do with every thing, it will pay of.