The Cost Of Home Improvement Fraud and Scams

Handyman Network is here to help you love your home and with that comes protecting our customers and their homes. Fraud is a big deal in the home improvement industry. In fact, the Federal Trade Commission estimates that Americans lost more than $4.1 billion to fraud and scams in the last 5 years alone. Those numbers are terrifying for any homeowner.

The home improvement industry is a $200 billion industry each year and poor workmanship is the number one fear that homeowners have when hiring a contractor. We have put together some tips to help you make an informed decision the next time you’re looking to hire a contractor for home improvements.

  • How to not become a victim:
    • Thoroughly research any contractor or handyman company before doing business with them
    • Make sure they are bonded and insured
    • Check out any online reviews to ensure other customers have had good experiences. One can learn a lot from reviews, as well as how a company responds to reviews, good or bad!
    • It is also a good idea to take a look at the Better Business Bureau for any reviews and to make sure the company is in good standing.
  • When interviewing a contractor follow these guidelines:
    • Get the contractors full contact information
    • Make sure the contractor is appropriately insured, licensed and bonded in your state
    • Ask how much experience the contractor has
    • Ask for the contractor to break down the estimate by costs
    • Ask when the contractor will be able to start and how long the project will take to complete
    • Ask the contractor if they will be using sub-contractors. Make sure those workers are properly licensed, bonded and insured
    • Ask the contractor if they have a warranty on their work
  • Once you have selected a contractor:
    • Always get a written and signed quote for the job no matter how big or small it is. Collaborate directly with contractor for any possible change orders if it becomes necessary.
    • If a building permit is necessary, have the contractor secure it in their name
    • If you are dealing with an insurance claim, check with your insurance company to see if an inspection needs to be done prior to the start of the project.
    • Pay for the job with a credit card or check and get a receipt.
    • Do not pay for the job up front. Ask to be billed after it’s completed. Or if it’s a deposit for a larger job, just ensure to get a receipt.

It is important to research a contractor or company before having them work on your home. Handyman Network can do it all, and we can back it up. We are trusted, licensed and guaranteed.

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin

Leave a comment

Enter your name and email to be added to our list!