All Topics / Value Adding / Renovating a house under a company name

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  • Profile photo of meridethmerideth
    Participant
    @merideth
    Join Date: 2006
    Post Count: 11

    Hi

    My husband and I purchased a property under a company name and we would like to renovate it.  Any info on what licenses and insurance covers we should get?    Appreciate your inputs :)

    Thank you

    Profile photo of tommytuckertommytucker
    Participant
    @tommytucker
    Join Date: 2010
    Post Count: 82

    Not strictly the topic of conversation, but why are you doing a Reno using a company name? At a minimum you will need public liability. Beyond that I've no idea.

    Profile photo of wilko1wilko1
    Participant
    @wilko1
    Join Date: 2010
    Post Count: 510

    They have already purchased it. So prob no need to talk about advantages and disadvantages of company purchase.

    Besides public liability. 

    You should obviously have home insurance on the property.

    you should notify the insurance company that renovations are occurring. Some

    insurance companies wouldn't pay out if your house burnt down whilst you have no kitchen or bathroom etc. 

    No no licences required. Builder should have those/ or if work is over 12k should be on a contract.

Viewing 3 posts - 1 through 3 (of 3 total)

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