We’re done, finished, but I thought this is important enough to reiterate with several more tags so when people search, they will read this.
NEVER PAY THE CONTRACTOR IN FULL BEFORE THE WORK IS DONE. The horror stories are endless (yes, one of our AH’s customer did just that!). In Canada, you legally have the right to hold back 10%. The contractor may try to finesse it differently, but 10% is the deal. Substantial finish is the wording, but you really need to be satisfied. So if your contractor has been lying and perhaps not finishing as quickly as he had indicated, your hold back is your ONLY leverage.
Before you pay out, wait 45 days after the last work has been done on your place and contact your lawyer to ensure there are no liens against your house. A lien can be put on by anyone the contractor owes money to on your behalf (yes, this is true even though you have paid the contractor). Excerpt from the Toronto Home Builders Association Renovation Guide: “The Construction Lien Act allows you to withhold 10 per cent of the cost for 45 days following substantial completion of the project. This protects you if the renovator fails to pay all the subcontractors and suppliers, and is not related to ensuring that the job is done right.” Ironically our contractor is also a member of both associations!
Here is another guide: Ontario Home Builders Association
Here is another link that may be helpful: Reno Blog Spot