Thinking about renovating or home improvement this season? Here’s what you need to know about renovating with Renovation Trust. Renovations can be a lot of time, money and work, and that’s why Renovation Trust makes sure your projects are done in an easy and secure way. This is just one of the reasons why homeowners and contractors love Renovation Trust!
Here are three things Renovation Trust exclusively offers both homeowners and contractors:
1. Protection of Your Money
Renovation Trust’s sole purpose is to protect your money during any renovation project. Whether you’re a homeowner or a contractor, both parties are at risk of losing money during a renovation project. Using the latest technology, Renovation Trust securely holds the project funds. As work is completed by the contractor and approved by the homeowner, we release the funds to the contractor at previously agreed-to milestones.
Milestones are mutually agreed upon stages of completion that outline when and how much a contractor gets paid for a given job. This way, homeowners never give a deposit directly to a contractor and contractors never have to worry about not getting paid for the work they complete.
2. Projects are funded in advance
Renovation Trust protects your money when homeowners fund their project in advance of contractors starting work. This way homeowners never give a deposit directly to a contractor and contractors know their payments and business are secure.
3. Renovation Trust Tools
Your Renovation Trust account can be accessed through our website or by downloading our app from the Apple App Store and the Google Play Store. From here, you have access to a wide array of tools to help you better manage your project.
Upload Photos & Documents
With Renovation Trust you can upload inspirational photos, progress photos, quotes, contracts, warranties, guarantees and any other important documentation you may need to keep track of.
Add & Approve Change Orders
If the project happens to change mid-way, either the homeowner or contractor can add change orders to the project. These change orders must be approved by the other party before the project price and scope of work can be updated.
Make & Track Contractor Payments
Homeowners can fund their projects and payout their contractors by the click of a button. For a contractor, Renovation Trust makes getting paid easier. Once you’ve completed a milestone, request your funds right from your Renovation Trust account and we’ll notify you once the funds have been transferred to your account.
4. Disputes & Dispute Resolution
During renovations, misunderstandings may arise and Renovation Trust is here to help. We offer a dispute resolution process to both homeowners and contractors if things were to go wrong. To raise a concern or file a dispute during your project, log into your Renovation Trust account and click the milestone you’re raising a concern with. If both parties fail to reach an agreement, either party may file a dispute ticket. This will prompt you to pay a nominal fee of $89 to pay a dispute resolution negotiator.
Renovation Trust makes renovating safer and easier. For more information how Renovation Trust can help you with your next project, visit www.renovationtrust.com or call us at 1-800-673-9716 for more information!