Once the work is completed, you and your renovator will conduct an inspection of the work. This is the time to take a close look at everything and note any problems or imperfections, before you make the final payment.
Occasionally, there may be items that cannot be completed along with the rest of the renovation. For example, lighting switch plates may be on back-order by the supplier, or a cabinet door may have been sent back to the manufacturer due to a flaw.
Any items like this should be written down, along with your renovator's estimate of when they will be finished. If there is seasonal work, such as landscaping, that cannot be completed until warmer weather, the timing and payment schedule for this work should be set out in your contract.
Remember to hold back the required amount from the last payment until the terms of the lien holdback provisions in your contract have been met, usually between 30 and 45 days.
At the same time, ask your renovator about normal maintenance requirements for any aspect of your home that has been altered. In most cases, material and product manufacturers provide maintenance information with their products, but it is a good idea to review it with your renovator at the end of the project.
Depending on the type of renovation work you had done, settling of soil around the foundation may occur. Ask your renovator about the likelihood of this happening and if you should hold off on plantings and other landscaping for a while. You also want to know if you may need to re-grade areas around the foundation to ensure storm-water continues to drain away from your home properly.