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Blogs AUSTIN TEXAS INVESTINGContractor Fraud in Numbers

Posted over 4 years ago

Contractor Fraud in Numbers

Here is a summary of the Homeadvisor Piece they did on Home Improvement Fraud & Scams from 2012. Assume the numbers are worse now!

1. Home Improvement Fraud & Scams is a 1.4 Billion dollar a year industry

2. 1/3 of homeowners fear fraudulent activity by their contractor

3. FTC received 13k complaints in 2012 for home improvement scams/fraud

4. Poor workmanship is the # 1 fear

Good luck with your rehabs!

see infographic attached

Comments (1)

Very interesting! Coincidentally I am currently waiting on a contractor to install gutters at my house. They are predictably late which got me to think about contractor grading websites. Do you use contractor rating sites for finding sub-contractors in your construction business? If so, which ones and have they proven to be accurate predictors?

Ronnie Hiles, about 4 years ago