Why Use Renovation Trust

Protect Your Money

Renovation Trust protects your money during any home renovation or home improvement project. Using Renovation Trust means you never have to give a deposit or a prepayment to a contractor and risk losing your money. Instead, homeowners deposit funds into their Renovation Trust account for protection and only release payments to their contractor in increments as work is completed.

Never Give a Deposit

Did you know homeowners are 95% more likely to get ripped off during a home renovation project when giving a contractor a deposit or prepayment?

Using Renovation Trust means you never have to give a contractor a deposit. You know from the start your money is protected. You no longer have to worry about a fraudster attempting to steal your money. Renovation Trust also protects you from losing your money in any situation that may arise while renovating with a good contractor. See why you should never give a deposit.

Manage Your Project From Start To Finish

Renovation Trust offers unique features that make home renovation and home improvement projects easy, safe and stress-free. With Renovation Trust you can manage your project from start to finish. Manage contractor payments, upload inspirational photos, progress photos, contracts, warranties and any other documents to keep track of your project so there are no misunderstandings. The best part is, all your documents and contracts are stored indefinitely in your online account for easy review and retrieval.

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Mutually Agreed Upon Scope Of Work, Pricing, And Milestone Payments

A lot of renovation stress has to do with misunderstandings between a contractor and the homeowner. Renovation Trust offers both parties clarity. By documenting mutually agreed upon scope of work, pricing and milestone payments, renovations and home improvement projects become less stressful and more rewarding.

Real-Time Change Orders

Renovation Trust wants you to be able to execute your home renovation or home improvement project with as much ease as possible and minimal misunderstanding. To help you, we allow changes to occur in real-time. In any project, changes can occur along the way. Want to add things or have new ideas? Does your contractor need to make changes? The price of your project or the scope of work may change. It is these changes that go undocumented in which disputes arise. Renovation Trust allows you to document change orders where both parties must accept these changes for the project to continue so there is no misunderstanding when continuing on with your project.

Raises The Value Of Your Home

Renovations to your home add value and having a complete history of all your projects also adds value to your home upon resale. When selling your home, you want to be able to provide the new owners a history of changes to your home, something not many homes may have. Your Renovation Trust account gives you a complete history of your project, the warranties your contractor has provided you and any other documents you may have uploaded to a given project.

Work With Verified Contractors

Renovation Trust is here to protect your money. We only release funds to verified contractors. What does this mean? A verified contractor has given proof of their identity, proof of their business, uploaded their license(s) and insurance certificate. Only once a contractor has verified their identity, can payments be made to them. This way, you know who you're dealing with.

Dispute Resolution Process

Sometimes in a renovation there are misunderstandings and often times these misunderstandings can be settled with a little help. We offer dispute resolution services to keep things easy. If a resolution cannot be met, all money is locked until the dispute has been resolved. For more information on our dispute resolution process click here.

Why Use Renovation Trust As A Homeowner?