Whether you are planning on remodeling your home or you just need some general construction, there are many Residential Building Contractors that can help you. However, you have to keep a few things in mind before you start working with these professionals.
Licenses required
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Whether you are a new home builder or an existing home owner, you must have a license to perform home improvement work. Without a license, you could face fines and potential legal recourse.
In New York, the term “home improvement contractor” refers to contractors who perform repairs on private homes. Whether you are a general contractor, a handyman or an electrician, you must register with the department of consumer affairs.
In addition to the registration, you will need to complete a 16-hour training course. You can take this course online or in person. It will cost between $200 and $500.
In most states, you will also need to complete a number of exams. You may also have to undergo a background check.
The purpose of this licensing requirement is to protect consumers from unsafe and unauthorized work. Licenses are required to be renewed. You must provide your firm with updated financial information, submit proof of workers’ compensation insurance, and pay the application fee.
Bonds required
Obtaining a surety bond is a must for anyone in the residential building construction industry. Surety companies offer many types of construction bonds. Choosing the best option for your particular project is the key to a successful bonding process.
In a nutshell, a performance bond is a financial guarantee that a contractor will complete the project on time and within budget. If a contractor is not able to deliver on this promise, the surety company will pay up.
A payment bond is a similar promise that a contractor will pay subcontractors and suppliers. These bonds are typically required on public projects, but they can also be requested by private project owners.
A maintenance bond is a different story. This guarantee ensures that the improvements made to a structure or building are free of defects and meet building codes for a certain period of time.
The true cost of a surety bond will depend on the financial status of the contractor and the project. In general, you should expect to pay a premium for a surety bond.
New York City
Traditionally, the real estate and construction industries have been dominated by powerful industry titans. While these industry titans remain important, a younger generation of professionals is taking the lead. This generation is a reflection of the diversity that is occurring in the industry.
For example, Albert Martinez has been building beautiful living spaces for upscale clientele in New York for more than 30 years. He has collaborated with some of the world’s leading architects. Several of his projects have been featured in Architectural Digest and The Huffington Post.
Another New York City residential building contractor, CooperBuild, is committed to creating an efficient and stress-free experience for its clients. The firm provides complete construction services, including design and build, and interior build-outs. Its clients have consistently given the firm positive feedback.
Another firm on the list is Duce Construction, a full-service general contracting firm. The company specializes in high-end luxury homes in urban areas, as well as in suburban areas. Its projects have been featured in Architectural Digest and Curbed NY.
