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, over 4 years ago