Scam artists have been around for a long time, but it is during tough economy times where their presence increases big time. When it comes to the home contractor scams, they mostly prey on the elderly, but you still want to be cautious and well informed so you do not fall victim to these cunning crooks. Remember, if it sounds too good to be true, it usually is. Take a look at three of the most popular, and costly, home-improvement scams according to Realestate.msn.com.
The One time special
Most businesses have sales throughout the year and if a contractor approaches you with a one time special offer, know that it is ok to ask for concrete evidence that the quoted price is lower than what they have charged in the past for the same work. They may provide a past catalog, special mailing, dated price list or evidence of identical work for a past customer. But if they cannot provide anything, it is more than likely a scam.
The “Just down the street” Contractor
Be very cautious when a contractor knocks on your door and says he’s working just down the street. He may tell you he noticed some home improvements you needed and has all the materials and tools to start working right away. However, chances are if he is really working down the street, the previous homeowner footed the bill for those materials and tools. Don’t be afraid to ask where the tools and materials came from and who paid for them.
Paid in Full before Work
A reasonable down payment is expected with any reputable contractor, but red flags go up when the contractor requests to be paid in full for a project before it’s started. This is typical setup for a a disappearing contractor who never starts the work.
Are you looking for a trusted contractor to renovate your home or build your new home? Contact LaBarge Homes at 888-516-2540.