A lot of people do not know how to properly review or ask for contractor qualifications prior to hiring them for work on their properties. Hiring the wrong person or company can cause problems and increase liability for the Owner, which could cause legal issues, lost money, and a lot of headaches. Owner’s can take …
FHA 203K Streamline vs. Full Loans
Over the past few years, we have had a lot of experience with the full range of FHA 203K Loan options. It is a large part of our business and recently has accounted for nearly 50% of our residential projects. The majority of our 203K work has been the 203K Streamline loan, however, there is …
New Handyman Services
In order to expand my services and provide customers with an all-inclusive option to meet their needs, I have opened up a sister company to provide a full range of Handyman Services. The company is named Hybrid Handyman LLC and it will function separately to Hybrid Construction. Two of my partners, Vinny Tuccio and Nil …
Licensed and Insured Contractors
It is very important that Owners only use licensed and insured contractors. Unfortunately, there are many people and businesses working without one or both, especially in the State of FL. Unlicensed and/or Uninsured contractors offer little or no protections and can become a huge risk for anyone hiring them to do work. Not to mention, …
Contingency and the Unknown
One of the most important parts of pricing a project, I typically recommend, is a separate contingency. A contingency can be take a lot of pressure off both, the Contractor and the Owner, if it is included and understood from the very beginning. It can be considered an Owner’s contingency, a Contractor’s contingency, or both. …
The Project Process – A Contractor’s Overview
There are a number of different ways to approach any type of construction project, whether it is commercial or residential, a remodel, addition, or new construction, a process should be followed. Unfortunately, many contractors do not have a proper process and many projects can go down the wrong path quickly. Many problems can be avoided …
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Quick Pricing from a General Contractor
While I am in the business of being a General Contractor, I understand the thought process and concerns that many business or home owners may have. My biggest concern is that many owners may not want to ‘bother’ a General Contractor for an estimate or some pricing feedback when they may be early in the …
203K Renovation Estimates and Urgency
A significant portion of my business focuses on the assistance with 203K, Homepath, and other construction loan programs. Typically, whenever I get a call about an estimate for one of these programs, it is later in the loan process and urgent to be completed without holding up the loan. This is one reason why I …
FHA 203K and Other Rehab Loans
The FHA 203(k) loan programs have been around a very long time, over 30 years, but they have only become very popular in the last decade or so. This is most likely because many bank owned properties and foreclosures are in poor condition, do not meet FHA requirements, and require some renovations. Another reason the …
REO Rehab Contractors and Insurance
It is important to look for a contractor that is licensed and insured to handle REO Rehab and Preservation. Since the large increase in foreclosures and REO’s, a lot of companies have come out advertising services for REO Preservation, REO Rehab, and Foreclosure Maintenance, but many do not have the proper license and insurance to …