At some point home repairs will need to happen. However, going with any regular Joe contractor could leave you in more of a mess than that leaky roof! Remember how diligent and cautious you where when hunting for your perfect home? Well, consider those same scrutinizing principles when hunting for the right contractor. Try using these "8 ways to avoid contractor fraud!"
1. Reducing Your Risk
Don't be naive! Everyone can be scammed. Do not assume that it cannot happen to you.
2. Do Your Homework
Make sure to do your own research. Read up on the processes needed to complete the job at hand. By doing just a short amount of homework you can sound knowledgeable when talking to a contractor, making them less likely to provide you with services you don't really need.
3. Hire Right
Follow the golden rule... do business with those you "know, like and trust."
4. The Rule of Three
Get three separate bids for the job, listen to your gut and make contractors compete for your business.
5. Check References
Make sure you ask and call on contractor references and ask to view their work in person. Home construction can cost thousands of dollars, do your due diligence to see that the quality of work is there before you hire.
6. Get It In Writing
Long gone are the days of "you have my word." Be smart and protect yourself by getting EVERYTHING in writing. Whether friend, family or licensed contractor people can change their mind and having your negotiated price and terms in a hard copy protects both parties.
7. Pay Your Stock Cost Upfront
Often times contractors will request a deposit or upfront money as "commitment." It is a wise idea to go with your contractor to pick up supplies and pay for it upfront. If they mark up on their supplies tell them you will gladly pay that separately.
8. Split Up Your Payments.
A third for supplies, a third for showing up to do the work and a third for completing the job.
Sources:
Robert Sicilano (CEO of www.IDTheftSecurity.com)
