Home Improvement EXAM with 100% correct answers already graded A+ 2024 already graded A+

What does NJ's home elevation contractors statue define home elevation as? Raising an entire residential or non-commercial structure to a higher level above ground. What are the requirements to offer home elevation services? -Owner has to have 5 years of experience -Maintain $500,000 per occurrence of commercial general liability insurance -Apply to the division of Consumer affairs to register as a home elevation contractor -Provide the division with information about their company When was it made required for a home elevation contractor to be registered? October 1, 2014 What is some advice when hiring a home elevation contractor? -Review NJ's requirement for home elevation contactors -Make sure the contractor is registered and if they've been filed complaints -Know the contractor's policies -Know of any limitations with your homeowners insurance policy regarding home elevation Research references, experience, and working operations of the company. -Demand a detailed contract regarding the project's scope, time frame, total cost, etc. -It is NJ law that this be required if the project is over $500. -Review & Follow the Division of consumer Affairs' advice for hiring a home improvement contractor. What does the contractors' registration act require? It requires home improvement contractors to register with the state. What is the purpose of the New Jersey Consumer Fraud Act? -It was designed to protect consumers from misinterpretation, fraud, and deception in consumer transactions. -Includes contractors for home improvement work. What is a lien waiver? -Alien waiver is a receipt that states that the workers and material suppliers won't ask you for money once you paid contractor. -Make sure you're not covering costs for materials and labor if contractor doesn't pay. What are tips for consumers when hiring home improvement contractors? -Contact Consumer Affairs to ensure the contractor is registered and if there's any complaint on them. -Get written estimates From about 3 contractors, ask them - how long they've been in business, if they have liability insurance (Required by law) , and If they'll have subcontractors. -shop for credit and be sure to understand the annual percent. -pay one third in advance, one-third halfway through the job and one-third after completion. What is a home improvement contractor? Individuals and companies involved in repairing, renovating, modernizing, installing, replacing, improving, restoring, painting, constructing, remodeling, moving, or demolishing residential or non-commercial properties.