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Why Most Contractors Start With Kitchen Renovations

Most Contractors Start With Kitchen Renovations.

Most Contractors Start With Kitchen Renovations.

Every year the number of search terms through which people find contractors online widens.  There is one key word that outshines them all with respect to renovation – kitchen.  Contractors must understand the reason why; it could be the source of their success.  According to some sources, the word “kitchen” connects homeowners with contractors 44% of the time.  This percentage equates to an astonishing 850,000 searches.

While, the simple mathematical facts are easy to see, they are less easily understood.  In an interview with one contractor it was stated that, “The kitchen is an essential room and people take pride in making sure it’s stunning.” Others have mentioned the fact that most paperwork when purchasing a home is also done in the kitchen.  The number one reason why contractors are contacted is because homeowners feel that their kitchen is no longer “in style”.

This perspective is actually contrary to the benefits of other home renovations.  The kitchen may be the trophy of each homeowner but contractors often wonder why people aren’t searching for ways to increase value of their homes.  One contractor spoke out against this influx of kitchen renovations.  His point of view makes perfect sense too, arguing that most people will update kitchens more than once instead of focusing on areas of the home which have not been renovated in a long time.  “Kitchens are frequently updated and may not be an indicator of the overall health and efficiency of a home,” stated Nick Rudnicki of Rude Works.

One area of focus often neglected is electrical components as well as windows.  Both pose major risks the price of insurance premiums.  Additionally, new windows can reduce the cost of heating and cooling during summer and winter months.  Before deciding on a kitchen renovation it would be smart to check for mold or water damage around the house, and most people don’t.  We realize the importance of having a clean kitchen but sometimes there are more important issues to address.  Most general contractors can handle more than just kitchen renovations, so before you go renovating the kitchen, be sure to consult an licensed professional to find out whether or not your home has more pressing concerns.

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Obamacare to Benefit New Contractor Businesses

Obamacare To Help New Contractors.

Obamacare To Help New Contractors.

The Affordable Care Act may give new business owners a chance at starting fresh.  In previous years, leaving your current 9 to 5 job may have been too difficult due to the high cost of procuring health care on your own.  While it may be true that individuals have faced the highest premiums in years, there might be light at the end of the tunnel.  Due to changes in legislation, NY officials have announced dramatically more affordable health insurance options.

In an article by NY Times it was explained that new rates which were approved for 2014 are 50% lower on average than previous rates available.  Starting this fall, those who paid closed to $1000 dollars a month can expect to be pay closer to $300, which opens up a whole new pool of funds for you to start that new contracting business you always thought about.  If you apply for federal subsidiaries, your costs could even be lower.  The drops in pricing are arguably attributed to online purchasing exchanges which the laws have created.  Additionally, the influx of younger adults, who originally could not afford health care, are now entering the market which, due to supply and demand, will lower rates.  The science behind this is simple – younger people previously dropped out of the insurance market as prices rose which left insurers with less healthy adults which pushed prices higher due to risk.

This is big news for anyone looking to start a new contracting business.  The exchanges will make it much easier for entrepreneurs to shop for various plans and receive small business tax credits under the ACA.  Whether you are looking to start off big, or launch a large scale contracting corp, the health care reform has definitely made an impact on the marketplace.

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Worker Safety and Health Affecting Insurance Premiums

Always Keep Worker Safety In Mind.

Always Keep Worker Safety In Mind.

Every contractor needs to be insured.  In order to do this you must comply with U.S. Department of Labor regulations as well as follow legislation by the Division of Occupational Safety and Health Administration.  Insurance carriers are firm believers in what the OSHA has to say about insurance because their regulations help prevent injuries and illness.  These regulations are designed to keep the risk of liability lower and helps improve the bottom line.  If your contracting business is found guilty of OSHA violations, insurance companies will view you as more of a risk.  This increased risk is what causes insurance premiums to rise.  In order to keep costs down for your insurance coverage be sure to avoid violating OSHA rules and regulations.

Every contractor is responsible to abide by the regulations set forth by the OSHA.  Even if your company only has a few employees, it is not immune from the law.  The most basic responsibilities as a Contractor are to inform workers of dangerous or harmful work environments and situations.  It is your duty to help them recognize unsafe conditions and eliminate any exposure to hazards and illness.  Simply put, the OSHA needs proof from you, showing that you have properly trained in informed your employees.  Training is required on a yearly basis, so be sure to keep on top of it.

Lastly, the OSHA requires that one competent person be on every job site, meaning that someone who is capable of identifying issues in the surround work environment.  They are required to point out things that are, “unsanitary, hazardous or dangerous to employees,” and just have the, “authorization to take prompt corrective measures to eliminate them.”  Finally, it is up to the contractor to maintain a safety program which provides inspections and checks to the materials and equipment.  This inspection is key to maintaining a good standing with OSHA. Make sure you always have worker safety in mind.