Question: I have just signed a contract with a contractor to remodel my bathroom. However, I have had "buyer's remorse" and would like to get out of the contract. How do I do this?
Answer: By now it is probably too late. However, you do have the right to rescind any contract on home improvement work within three working days of the time you signed the contract.
Also, it is illegal for a contractor to require more than 10% down on a home improvement project before starting work or to require payments that exceed the amount of work done during any particular stage of construction. It is usually wise to specify in the contract that 10% of the funds will be paid only after the closing of the lien period.
Q: I recently began a home improvement project with a reputable contractor whom I have known for many years. Shortly after the project started, I was served with preliminary lien notices from many of the material suppliers and subcontractors. Does this mean that I am being liened?