Do I need a contractor?
Last updated September 30, 2024
Most Hosts rely on a general contractor (GC) to renovate the property and get it ready to PadSplit. We highly recommend partnering with licensed GCs in your area with a strong track record. Another option is to rely on referrals from trusted investors or other PadSplit Hosts who have done similar work to their properties previously. Finding a GC with experience in custom single-family renovations is a major plus. PadSplit does not offer GC services but feel free to reach out to your PadSplit representative for potential recommendations in your area. For any real estate project, a number of judgement calls will have to be made in order to optimize the profit of the property. A high level of trust with your general contractor is critical.
Watch out for these common pitfalls when working with a general contractor:
Failing to walk the property and agreeing on a plan
Failing to align on a detailed, by-line item quote prior to beginning work
Failing to supervise the project
Not obtaining the proper permits for the project
Permitting requirements vary from municipality to municipality. It is the responsibility of the host to determine if any renovations require a construction permit. Please comply with all relevant local regulations and building code.