Common Sense Guidelines for Selecting Building Contractors

Good building contractors are worth their weight in gold for both homeowners and real estate investors! They’ll do the necessary work for you at a fair price and make your property look great, thus increasing its value! Report Scam and get your money back, if you’re an investor and you establish long-term relationships with reliable contractors, you may well receive a discount on their services, saving money in the long run.

Bad contractors, on the other hand, can cost you dearly, not only in terms of money but (for investors) in terms of reputation as well. Scam artists like to prey on homeowners, in particular. They use shoddy materials, find endless ways to charge money, leave jobs unfinished and on and on.

Obviously, whether you’re a homeowner or a real estate investor, you want to avoid bad contractors at all costs. So, here are some common-sense guidelines to help you choose quality individuals or companies.

Guideline 1: Make sure the contractors are licensed, bonded and insured by the state. Also, check with the Better Business Bureau. Guideline 2: Ask for at least three references, then contact those references and ask for their opinion of the work done by the contractor. Also, ask if you can view the results.

Guideline 3: Ask around! If you’re an investor, check with other investors about contractors. If you’re a home owner, check with neighbors and ask to see the work done by contractors on their homes. Guideline 4: Ask for bids or proposals from contractors and evaluate them carefully. Price is a consideration, of course, but it shouldn’t be the sole criteria in accepting a bid. You want quality work delivered at a fair price.

Con artists are endlessly inventive at scamming people out of their money. Nevertheless, here are some common contractor scams to be aware of. (Most scams are aimed at homeowners, but investors also need to be alert to other, more sophisticated scams.)

Scam Tactic #1: The contractor explains a low price by stating the material is left over from another job. He or she begins the work and everything looks good. But then, he says he requires additional money to buy more materials. Once you provide the money, he disappears, and you’re left with an unfinished job on your hands and empty pockets.

Leave a Comment