Renovation red flags: What to know from start to finish | Deep Dive

Ghosted by your interior designer, left with unfinished renovation work or stuck waiting for your furniture to be delivered? For some home owners, creating their dream home can quickly turn into a costly nightmare. So what can homeowners do to protect themselves from renovation woes? What red flags should they look out for before signing a contract and what can they do when things go wrong?

In this week’s Deep Dive, Steven Chia and Tiffany Ang speak with interior designer Shaun Fong and litigator Pang Khin Wee from IRB Law to unpack the risks, red flags and safeguards that every home owner should know before embarking on a home renovation.

Highlights:
00:00 Intro
02:02 Expectations when it comes to payments
05:30 Is your renovation money being used for other projects?
08:34 Why renovation quotes vary so much
12:35 What happens if your ID goes bust?
14:55 Red flags homeowners should look out for
18:47 Can owners escape company debts?
21:12 Should the renovation industry be regulated?
23:28 Could escrow protect renovation payments?
27:58 How homeowners can protect themselves

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#DeepDivePodcast #singapore #sgnews #renovation

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