How I solved the contractor challenge number 1

#יםמהשבוע Shiri Novak #post3

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I only know if the contractor did a good job selling the house 🏠.

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In the first project, the work with the contractor was quite good 🔨. It was a moderate aesthetic renovation of the entire interior of the house. We decided in advance that the price offer is divided into lines and the payment will be made on each line at the end and after some control (photos or someone visiting the house), and so it was.

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The conduct was good overall, there were almost no unexpected things in the house, there were no additional payments beyond the price quote and the work was high quality and good. The project took longer than expected.

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The second project was quite interesting.

I bought it through Holsler with a new and well-known title company in the area, the move was simple and we progressed as usual. The renovation progressed excellently. And as always after purchasing a deal, I made sure to follow up in the district to see the registration of the house in my name.

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A week and two weeks and a month passed and the house was not registered in my name (I.e..

Of course, I had the original cost bill sent by the title and Mazel (because otherwise I would have been very uneasy), but it took us a long time to understand that the title made a mistake here. There was a problem with the registration of the transfer of ownership in the district. What turned out? When I bought the house, the title deed of the seller in the county stated that it was not possible to transfer ownership (sale) without re-measurement of the area by a surveyor and approval by the county. That is, there is no actual transfer of ownership until there is a measurement.

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I was worried that this would affect the potential buyers, because there are loans that are not given if it has not been at least 90 days since the last record in the county. I sped up the repair as much as I could - the arrival of a licensed surveyor in the district and registration in my actual name.

It took two weeks from the moment we realized the problem until we came to a solution.

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The house is located in an area with very low supply and the demand was crazy. The contractor did a very nice job and the finishes were excellent. The sale of this house was good.

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But the completion of the project took twice as long as the contractor estimated in the quote, and this is the second time this has happened.

Would you change a contractor at this stage? Or looking for a solution?

It did not fit my business plan - to double the activity every year 📈.

Because he wouldn't have been able to finish the projects when there were more, and I also wouldn't have been able to buy the next projects according to the goals with the same money.

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In the next project I experimented with another contractor and I will share about it in post number 4, but the insights from working with him led me to talk to the first contractor to ask why he is so late and to understand if it is something that can be worked on, or if I have an influence on it.

In the conversation I found out that in the time it takes me to inspect the work and send payment (about two days), the team moved on to another project that the contractor was working on. So it turned out that at the time of payment the team was busy with the next project and was free to return to my project after its completion (and this is provided that there is no other project in the chain).

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I told him that I was very satisfied with his work and that I could not continue working with him because I needed him to meet the times he promised to work in. He said he couldn't meet the deadlines because of the way my payments were split.

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And so a solution was born from the conversation between us - in the next project I will make a fixed weekly payment calculated in advance as long as the work at home is progressing. This allows him to start all tasks horizontally and not focus on one task at a time.

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It looked promising and in coordination with my agent we decided to keep this agreement in the next project when what protected me were two things - once a week my agent goes to the house to check on the progress of the work and only if there is significant progress is the payment transferred, and in the middle of the work (at a point we determined in advance) we make sure that the list we prearranged is over.

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Think it's resolved? Wait for episode 5

Tomorrow - another contractor

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