When it comes to roofing projects, be it repairs or replacements, it pays to be aware of the payment terms. In some cases, it can be as simple as paying a 50% down payment at the start of the project, and paying the other half once the project is complete. Others, however, don’t follow this scheme. This begs the question — when should one pay a roofing contractor? Let’s learn more in today’s post by roofing expert Home Pro Exteriors, Inc.
Before any work begins, discuss your payment terms with your roofer. This discussion is more than just the amount you need to pay but also about when payments are expected. Typically, a reputable contractor will offer a detailed contract that outlines the scope of the project alongside their proposed payment schedule. It will likely include an upfront deposit, progress payments as certain stages are completed and a final payment upon job completion or until you’re satisfied with their work.An initial deposit serves as a form of commitment from both the homeowner and the contractor. It is also used by the latter to secure materials and schedule the labor needed to complete your project. Standard initial deposit rates are a reasonable percentage of the total quote — a figure that is meticulously outlined in your contract. Whether it’s 50% or more or less, ask your roofer to justify the cost and see if it works within reason.Progress payments are paid upon the completion of specific milestones, such as the removal of the old roof, the installation of the new roof, post-inspection procedures and the cleanup of the job site. These milestones and their corresponding payments should be clearly defined in your contract. Most roofing projects have at least two to four progress payment milestones.Final payments aren’t made until all work is completed to your satisfaction. To qualify for their final payment, roofers must complete all required inspections and address any concerns or issues you may have. Lastly, you must tick a box or write in your contract that you’re fully satisfied with their work before you make your final payment.Most reputable roofers will ask you to sign a lien waiver before making the final payment. This document has a record of all the payments that have been made and mentions that the contractor waives the right to place a lien on your property for any claimed unpaid balances. To make sure all your payments do not go to waste, work with a renowned local roofer who truly cares about your property and its wellness. For homeowners in Warwick, NY, and the surrounding areas, that would be Call Home Pro Exteriors, Inc. Dial (845) 343-1777, or fill out this contact form to get an estimate.
