Just wondered what the consensus was on this.
We've had a few quotes for building works. One builder said never to pay anything up front, and they would want six equal payments, the first to be made after the foundations are dug (I think) and the last after the snagging list is complete.
We've had another builder who is a personal recommendation, very local and seems to have good reputation. He wants 50% up front, then staged payments but didn't specify how much we would retain until after snagging.
DH is uncomfortable about putting so much cash forward. I've researched and 20% seems to be a more common down payment.
Interested to see the MN general consensus on this...
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50% up front for building work?
11 replies
Littlepicklehead · 18/06/2014 09:20
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MaryShelley ·
18/06/2014 09:27
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MaryShelley ·
18/06/2014 09:42
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MaryShelley ·
18/06/2014 10:04
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