Mortgage Blog

Getting you the mortgage you deserve

10 Important Questions to Ask Your Contractor

November 9, 2022 | Posted by: Justin Emilio

10 Important Questions to Ask Your Contractor

Are you thinking about hiring a contractor before selling real estate? Here are ten important questions you should ask the contractor before signing a contract.

If you are considering selling real estate, you will have to start fixing it up so that potential homebuyers looking at buying real estate are interested. In many cases, it means making a few renovations or repairs.

10 Important Questions to Ask Your Contractor

While DIY culture is strong, if you are willing to invest in a project and hire a contractor, you will see a much better ROI when you get to the negotiation table. Most homebuyers don't want to hear about how you were able to YouTube a repair, but they will get interested when they realize a renovation was completed and is under warranty with a professional contractor.

Of course, knowing you need a contractor and knowing which contractor to pick are two separate things, worried about choosing the right contractor for your next repair? Here are ten questions you should ask any candidate to ensure the results are exactly what you want.

Do You Need A Contractor?

The first thing you need to ask before starting a project is whether or not you need to hire a contractor. DIY tasks are best left for small-scale issues like replacing the hardware on kitchen cabinets. Refreshing your cabinets, replacing flooring, and changing countertops are tasks best left to a contractor. If you are thinking about a repair or renovation that will take longer than an hour or two, it is time to call in a contractor.

Figure Out Where to Look for a Contractor

Now that you know you need a contractor, it is time to actually start looking for one. Word of mouth is always a great way to find a contractor because the friend, family member, or colleague offering you advice can also vouch for the contractor they recommend. Local real estate agents that work with clients buying real estate or selling real estate can also be a great source of information.

Inquire About Their Licenses

Before signing any contracts or letting a contractor break ground on a new project in your home, it is important to make sure you check their license. Licensing requirements vary widely, but almost every state or province has its own set of requirements, and if your contractor is legally compliant, you can rest assured they are dedicated and properly trained.

Find Out What Experience They Have

The experience of a contractor plays a large role in the type and quality of work they can provide. A company with a host of experience with the project you require help with will always be the best choice. Most contractors have specializations, such as kitchen remodels or basement remodels. Choose a contractor that aligns with your goals.

Contracting Teams Versus Subcontractors

You don't want to go through the extensive process of finding a trustworthy contractor only to find out that they are subcontracting the actual project out to another team. While sometimes an extra professional like an architect or engineer to consult, it is usually best to choose a contractor with a trained team on standby for the job.

Get a Time Estimate

The construction world is currently experiencing an unprecedented shortage of labor that has been compounded by supply shortages following the pandemic. Time is a very important factor when it comes to choosing a contractor. If the best contractor in your region can't reasonably schedule you this year, then it may be time to move to the next name on the list. When selling real estate, you don't always have a year to wait.

Ask for Previous Work or References

One of the perks of working with contractors is that they should have proof of their previous projects. Ask to see their portfolio or photos to get a good idea of the results they are capable of delivering. You can even ask for references which any credible contractor can provide.

Are They Insured?

As a homeowner, you must protect yourself when contractors and their teams come into your home. Business liability insurance protects you against medical or property damage from negligent repair.

Find Out if You Need Permits

Some repairs and renovations require building permits. Most contracting firms should know whether or not you will need to obtain a permit and will offer to obtain the permit on your behalf. Keep in mind that work that is done without the appropriate permit will not improve your property value.

Read the Contract And Then Read It Again

Finally, before signing your contract, make sure it is clear, and you understand the fine print. Look at details such as insurance, time estimates, financial estimates, permits, and the proposed payment schedule. Don't sign anything until all your questions have been answered and you are confident about moving forward.

Back to Main Blog Page


5 Things NOT to do When Selling Your Home

Bank of Canada Rate Update March 8, 2023

The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push Higher

Selling Your Home in the Winter: How You Can Make the Most of It

What is a HELOC?

When's The Best Time To Review Your Mortgage?

Title insurance and home insurance–protect what matters most

How To Keep Your Credit Score Sparkling?

It’s Too Late for a 5-year Fixed

Grow your wealth in real estate with the BRRRR strategy.

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

Bank of Canada raises policy rate by 25 bps to 4.5%

Before you lock in your variable rate

Budgeting for the Year Ahead

Alternative Lending


Should You Spend the Full Mortgage Amount You're Approved For?

The Pros and Cons of Fixed vs. Variable Mortgages

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

The Bank of Canada Hiked Rates The Full 50 bps

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Enjoying a Debt-Free Holiday

How Not to be House Poor

Job Loss and Your Mortgage Application

10 Things to Know About the Offer Process

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

Canada's Inflation at 6.9% in October Supports a December Rate Hike

10 Important Questions to Ask Your Contractor

First-Time Homebuyer Tips

Bank of Canada Slows Pace of Rate Hikes

Bank of Canada Rate Update October 26, 2022

Best Ways to Plan for Your Down Payment

Bank of Canada Will Not Be Happy With This Inflation Report

Common Mistakes That House Flippers Make & How to Avoid Them

Credit Clean-Up!

Understanding Mortgage Trigger Points

Canadian Inflation Slows For the Second Consecutive Month

How Mortgage Rates Affect Buying Power?

Bank Of Canada Rate Update September 7, 2022

September 7th BoC Rate Hike

Adapting Your Finances

5 Reno’s With the Best ROI

Should You Pay Off Your Mortgage Early?

Gasoline Prices Dipped, But No Time To Celebrate

How Many Homes Should You View Before Buying?

Looking to buy your first home in BC? Here are programs that can help you with that goal

Breaking Your Mortgage Without Breaking The Bank - How Mortgage Penalties Are Calculated

5 Things to Consider When Building Your Own Home

Canadian Inflation Surged to 8.1% in June

Bank Of Canada Rate Update July 13, 2022

Tips for Buying Rental Investment Properties

Inflation, Interest Rates & Locking In

New to Canada?

5 Negotiation Secrets Smart Buyers Use to Get Better Deals

Bank Of Canada Rate Update June 1, 2022

Another Jumbo Rate Hike, Signalling More To Come

Dreaming of a Home Away From Home?

Reverse Mortgages and What to Know

How a Mortgage Pre-Approval Can Protect You from Rising Rates

Purchase + Improvements Mortgages

How is a Private Mortgage Different Than a Traditional Bank Mortgage

Have You Had Your Mortgage Check-Up?

Purchase Plus Home Improvements?

Home-Buying 101: A Guide to Purchasing Your First Home

Bank Of Canada Rate Update April 13, 2022

From tax breaks to homebuyer incentives, how the 2022 federal budget affects Canadians’ wallets

5 Benefits of an Investment Property

Preparing for the Spring Market

Refinancing: What You Should Know

Tips for Picking the Right Home to Flip

Bank of Canada Starts Hiking Rates, Signalling More To Come

The Difference Between Bank of Canada Rate and Prime Rate

Bank Of Canada Rate Update March 2, 2022

Can Housing Upgrades Affect Your Insurance?

What to Look for During a Home Tour??

Understanding Insurance

Rent to Own Homes vs. Mortgage: How Do They Work?

Improving Your Financial Direction

Bank Of Canada Rate Update January 26, 2022

Top 10 Questions to Ask Your Mortgage Broker in BC

How Much of A Mortgage Can You Afford?

Housing Market Predictions


Prequalification and Pre-Approval—What is the Difference? Home Buying in BC

Bank Of Canada Rate Update December 9, 2021

Selling Your Home in Winter

Mortgages for the Self-Employed

What to do if You Are Denied a Mortgage

How to Know if it's Time to Refinance

7 Steps for Mortgage Prep

Up for Renewal??

Bank Of Canada Rate Update Oct 27, 2021

Five Great Benefits of Owning an Investment Property

What Is Home Equity and How Can I Build It?

Why Invest in a Home Inspection

Low Credit is Spooky! Get Better Credit With The 5 C’s

Fall Home Tips

How to Handle a Low-Ball Offer in Real Estate | Home Selling Advice

5 Approval Roadblocks You Should Know

How to Talk to Your Kids about Finances

Bank Of Canada Rate Update Sept 8, 2021

What are credit scores and how are they important?

Getting a Mortgage as a Student

What Happens if You Lose Your Job Before Closing?

How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in BC

Bank Of Canada Rate Update July 14, 2021

Risks of Putting Down a Firm Offer with a Pre-Approval BC

Low Rates in BC Helping Buyers Pay Off Their Mortgages at Record Pace

Buying Land To Build A Home in BC

Bank Of Canada Rate Update June 9, 2021

Your House-Closing Timeline: A Step-By-Step Guide | BC

What Are the Next Steps After Your Offer Was Rejected? In BC

Investing In An Apartment Complex

2021 Mortgage Stress Test - Latest Updates

Things To Look Out For When Viewing A Property

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

Stress Test 2021

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

Buying A Home As A Senior Citizen | BC

Top 10 Considerations When Moving to a New Area

Multi-Family Lending: What You Need To Know About Hard Money Loans

Why Borrowers May Choose a Private Mortgage

How to Handle a Mortgage After a Separation or Divorce

How Good vs Bad Debt Impacts Your Household

Benefits of Investing in Multi-Family Real Estate


Top 3 Biggest Home Seller Mistakes

3 Tips on How to Better Your Credit Score

Renting VS Buying a Home

Five Tips for Buying a Condo

Cons of For Sale By Owner (FSBO)

Real Estate 101: Getting Your Home Ready To Show

Tips for Real Estate Investors

Reverse Mortgages – Impact on Heirs

Advice for First-Time Home Sellers

Top 3 Home Improvement Ideas to Increase the Value of Your Home

5 Things NOT To Do When Selling Your House

Home Inspections, How They Can Benefit Home Buyers and Sellers

Useful Tips for Buying and Selling A Home During Covid-19

When Is Mortgage Refinancing a Bad Idea?

Is it a Good Time to Become a First-Time Home Buyer?

5 First-Time Homebuyer Mistakes To Avoid

5 Smart Ways to Use a Home Equity Line of Credit

What should you consider when refinancing your mortgage?

6 Signs a Home Will Likely Increase In Value

6 Persistent Real Estate Myths You Really Need to Ignore

Should You Pay Off Your Mortgage Early?

New Stress Test On Insured Mortgages

Real Estate 101: Essential Tips for First-Time Home Buyers

10 Essential Tips for Taking Out Your First Mortgage

Should You Refinance Your Mortgage?

Should You Spend the Full Mortgage Amount You're Approved For?

Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!


Strategies to Dig Yourself Out of the Debt Hole

Why You Need an Emergency Fund And How to Get One

The Benefits of Investing in Income Producing Properties

4 Hidden Problems That Could Be Hurting Your Home Sale