In today’s tough economy, some people would probably say that a home improvement is an expensive project that they can do without. But for some, now is the best time to renovate their home.

If you are thinking of renovating your home, you should consider hiring a contractor. However, you must remember that not all contractors will provide you with quality service at a competitive price. If you are not careful enough, you may find someone who will charge you exorbitant fees for low-quality work. Therefore, it is essential that you spend enough time choosing the right contractor that will remodel your most valuable property, your home.

Here are the things to consider when hiring a contractor for your home renovation project.

1. License. If a contractor can show you a license, it suggests that they are professional and reputable. Although a license may not guarantee that you will get the job done efficiently, you can run a background check with local authorities if there have been any complaints against the licensee’s services.

2.Experience – You can always give new contractors a chance. However, it may not be a smart move. He will most likely benefit from a contractor who has years of experience in the type of home renovation he plans to have. An experienced contractor can also give you a couple of names and contact numbers of some of their previous clients. This will allow you to have a background check on their professionalism and quality of service.

3. References – If some of your trusted friends recommended a contractor to you or if you read a couple of positive testimonials or reviews about their services, chances are you are also satisfied with their services.

4. Insurance – You must find a contractor who is responsible enough to obtain their own insurance. Every professional builder must carry property damage and personal liability insurance. Otherwise, you will be financially responsible in the event of accidents or damages in the work area.

5. Written estimates – A detailed written budget will help you save a lot of money in the future. Be sure to ask the contractor to make his estimate in writing as detailed as possible and add the amount he plans to charge for the work. If the listing is good enough for you, you can create an official contract for your protection.

When hiring a contractor, whether it’s for a kitchen or bathroom renovation, you should be very cautious. If the contractor asks for an up-front payment for all the work or if he pressures you to take out a loan from a specific lender, he should reconsider his options.