Providing deposits for contractors is a crucial—and normal—step in starting a renovation
Short answer: Yes.
But there are exceptions, and your contractor may have some flexibility. Below, Sweeten outlines the reasons behind upfront payment amounts, and some options for negotiating your deposit for a contractor.
Sweeten matches home renovation projects with vetted general contractors, offering advice, support, and up to $50,000 in renovation financial protection—for free.
Why do contractors require a deposit?
Deposits for contractors are critical because they essentially allow your project to begin! Your general contractor needs to secure a crew and begin ordering materials right away. They may also need to rent equipment. And your contractor can’t take on all the financial liability for these commitments themself.