There seem to be no shortage of contractors; and there are certainly many great contractors, but how do you identify one who is less than reputable?
They often give themselves away.
The telltale signs:
- Pressure is used to get you to sign a contract;
- Verifying the contractor’s name, address, phone number and credentials is impossible;
- Cash payments are only accepted, not checks made out to a company;
- Payment for the entire job is demanded up-front, whereas most remodelers typically require a down payment of 25-50% of the contract price for small jobs and 10-33% for large jobs.
- The contractor suggests that you borrow money from a lender the contractor knows, which could make you the target of a home improvement loan scam – a sure way to lose your home;
- The contractor offers information that is out-of-date or no longer valid;
- No references are available;
- An inability by the contractor to communicate the project well;
- Exceptionally long guarantees are offered;
- The contractor fails to listens and talks over you; and
- The contractor fails to notify you of your right to cancel the contract within three days; this “right of recision” is required by law and allows you to change your mind without penalty if the contract was provided at a place other than the contractor’s place of business or an appropriate trade premise.
Next week we'll cover provide some tips on what what items should be covered in the contract once you have chosen a contractor.
If you need some recommendations of contractors to speak with, give us a call.