Why A Remodeler’s Warranty is Critical – 6/1/2009 – Professional Remodeler
Posted by: admin / Category: UncategorizedAs real estate investors, we’re often looking to make sure that any capital improvements we make are going to be worth the investment. Generally speaking, we want to make sure that our investment will be paid for by our tenants over the period of 2 to 3 years. So, we don’t want to be having to pay out more money to fix issues with that investment over the 2 or 3 years, or it ends up taking longer to pay off.
This is where a tradesperson’s warranty comes in very handy. Ideally you should be looking for tradespeople that warranty their work for a period or 2 or 3 years, or even longer if you can get it.
This brings up another topic for real estate investors. Just as professional tradespeople need to have funded reserves to cover their warranty work, we should also have funded reserves to pay for repairs, and to make capital expenditures. If we don’t, we’ll quickly become don’t wanters that ultimately will be trying to find someone to buy our properties that will insist on discounting the value. Don’t make yourself a don’t wanter. Do the right thing.
For the tradesperson, there’s benefits as well. Please read the following article from Professional Remodeler magazine for more info.
What kind of warranty does your company offer?
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Often, a one-year warranty is looked at as a “must provide” to clients, and companies breathe a sigh of relief when that year goes by without a call.
via Why A Remodeler’s Warranty is Critical – 6/1/2009 – Professional Remodeler.
Tags: blackdog builders, cash reserves, commitment, dave bryan, don't wanter, faithfulness, gross profit, integrity, investment, investor, marketing, real estate, remodeler, satisfaction, tradespeople, tradesperson, warranty
