If you need work done on your home, it’s important to think about who you’re choosing to do that work. Sadly, scammers often seek an opportunity to prey on vulnerable and stressed neighbors.
Whether it’s a disaster or general wear and tear, scammers look around neighborhoods for homes needing work. They’ll approach you directly and put pressure on you immediately.
Here are some things you can do to protect yourself, your home, and your finances.
➡️ Do your research - no matter how much they pressure you, any legitimate business will welcome you looking at online reviews or asking for references.
➡️ Check with your insurance company - no legit company will ever ask you to sign over your policy to them or ask for cash upfront. Most insurance companies have preferred contractors.
➡️ Get a contract before any money changes hands, read ALL of it, and expect to pay a deposit, but no more than a third of the total estimated cost.
➡️ You should never be asked for cash to pay for supplies. Don’t hand over money until the work is complete.
➡️ Don’t be frightened or ashamed if you feel intimidated - speak to your local council or police department if you’re not sure.
Remember - if it doesn’t seem right, it probably isn't. There’s no harm in trying other contractors. You’ll always find someone trustworthy, reputable, and good value for money. Take your time and do what feels right for you.
When it comes to fraud, vigilance is our number one weapon. You have the power to protect yourself and your loved ones from scams. For more info, see the AARP Fraud Watch Network https://www.aarp.org/money/scams-fraud/ If you have other tips, share them below in the comments, and kindly repost this message to your neighbors on Nextdoor by clicking the "Share" button/arrow below and then "Repost in newsfeed."
