How Escrow Protects You
RenovateHub's milestone-based escrow system ensures that homeowners only pay for completed work and contractors get paid on time — every time.
The Escrow Process
Step 1.Project Agreement
Once you accept a contractor's quote, the project is broken into clear milestones — each with a defined scope of work and payment amount.
Step 2.Fund the Milestone
Before work begins on each milestone, the homeowner deposits the agreed amount into escrow. Funds are held securely by Stripe — neither party can access them.
Step 3.Work Begins
The contractor begins work knowing funds are secured. They can focus on delivering quality work without worrying about payment.
Step 4.Review & Approve
When the milestone is complete, the homeowner reviews the work. If satisfied, they approve the release of funds to the contractor.
Step 5.Payment Released
Once approved, funds are released to the contractor. The process repeats for each milestone until the project is complete.
Benefits for Everyone
🏠 For Homeowners
- Money is only released when you approve completed work
- Full protection if work doesn't meet agreed standards
- Structured dispute resolution process
- Transparent milestone tracking in your dashboard
- No hidden fees — platform fee is clearly shown upfront
🔧 For Contractors
- Guaranteed payment for approved work
- Funds are secured before you start each milestone
- Protection against non-paying clients
- Professional payment tracking and records
- Faster access to funds upon milestone approval
Ready to Get Started?
Post your renovation project today and experience the peace of mind that comes with escrow-protected payments.
Post a Project