Psyched about my property renovations. I have learned SO much in a year. Permits, Demo, Framing, Insulation, Drywall, Flooring, Plumbing, Electrical, HVAC ---but what I love most....floor plans--making horrible spaces open & beautiful!
Whit C. replied:
As of this year, NC contractors are required to name lien agents for projects over $30 k. It's supposed to protect you from sub-contractor liens but I can't say how it's working yet: http://www.spilmanlaw.com/Resources/Attorney-Authored-Articles/Construction/New-N-C--Lien-Laws-Take-Effect-Next-Week--Is-Your
Kerry C. replied:
I like this, Whit Coppedge--thanks! Question: it appears to exclude renovating a single-family home--- A. When Is a Lien Agent Required? Beginning April 1, 2013, project owners must designate lien agents for all private projects where the total cost of improvements is $30,000 or more, excluding improvements to existing family residences. The lien agent must be a title insurance company or title insurance agency chosen from a list of registered lien agents maintained by the Department of Insurance. - See more at: http://www.spilmanlaw.com/Resources/Attorney-Authored-Articles/Construction/New-N-C--Lien-Laws-Take-Effect-Next-Week--Is-Your#sthash.ep34LG2 n.dpuf