With the number of foreclosed or bank-owned properties floating around out there, I often speak with folks who are preparing to embark on a renovation project.
Unfortunately, with a rise in remodeling comes a flood of disreputable contractors looking to cash in. I do my best to protect people by providing referrals to reputable contractors, but there are plenty of people out there I donʼt get a chance to talk to.
If you know someone who is about to undertake a major renovation project, I urge you to share this excellent article published by the Federal Trade Commission, “Home Sweet Home Improvement.” It includes a PDF guide your friends and family will find helpful.
The guide covers:
- The types of home improvement specialists
- How disreputable contractors operate
- Questions to ask contractors
- How to check references
- Understanding payment options
- The “Home Improvement” loan scam
…and several other useful points
Hereʼs the link to the article on the FTC website: https://www.consumer.ftc.gov/articles/0242-hiring-contractor
Also, you can download the PDF file directly here: https://www.consumer.ftc.gov/articles/pdf-0057-hiring-contractor.pdf
Do you need a referral to a contractor or two? Are you in the market for a property to fix-up and call your own (or use as an investment property)? Iʼd be happy to help. Give me a call or shoot me a message today.