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BlogsAUSTIN TEXAS INVESTINGContractor Fraud in Numbers

Posted almost 5 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

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Comments (1)

  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