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Remodeling-How much deposit did you put down?
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livdrl112
LIF Infant
Member since 1/11 348 total posts
Name:
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Remodeling-How much deposit did you put down?
If you had a big remodel or extension done recently, could you share how much deposit you put down before the work began?
Just trying to get an idea whether the payment schedule our chosen contractor has sent us is the norm for LI.
Thanks in advance
Message edited 7/21/2011 3:49:17 PM.
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Posted 7/21/11 3:48 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Rycois
Blessed with 2blue/2pink
Member since 12/05 13341 total posts
Name:
J
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Re: Remodeling-How much deposit did you put down?
For our dormer, I want to say less than 10%, maybe 5% and then chunks along the way.
We got a schedule (numbers made up here) that we followed along the way. For example
Framing - $10K
Sheetrock $10K
Electrical work $5K
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| Posted 7/21/11 3:57 PM |
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livdrl112
LIF Infant
Member since 1/11 348 total posts
Name:
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Re: Remodeling-How much deposit did you put down?
Thanks! 10% deposit was what we had in mind too. Our contractor wants 45%  that's not going to happen..
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| Posted 7/21/11 9:47 PM |
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livdrl112
LIF Infant
Member since 1/11 348 total posts
Name:
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Re: Remodeling-How much deposit did you put down?
Anyone else willing to share? I am just trying to get a rough idea..Thanks
Message edited 7/22/2011 1:15:31 PM.
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| Posted 7/22/11 1:15 PM |
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neener1211
:-)
Member since 4/07 22952 total posts
Name:
J
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Re: Remodeling-How much deposit did you put down?
Posted by livdrl112
Thanks! 10% deposit was what we had in mind too. Our contractor wants 45% that's not going to happen..
He wants 45% of your money before he starts??? Who's to say he doesn't run with it? That's crazy!
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| Posted 7/22/11 2:44 PM |
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