When it comes to home renovation projects, it's important to be prepared and know exactly what you need. Researching your project and getting multiple quotes will help you understand what contractors are saying and measure the average cost of the job. It's also a good idea to get separate quotes for materials, as this will help you see exactly what you're paying for. To avoid getting ripped off, it's important to select the right contractor for your job.
Look for one with experience in working with your specific needs and make sure they have a minimum amount of insurance. It's also a good idea to ask them to sign a “time and materials contract” and know what type of payment programs they have available. Be wary of contractors who bid much lower than the competition, as this could be a sign of a scam. Additionally, compare the bill of materials included in your contract with the receipts for the materials your contractor actually requests.
A 10-20% project cost overrun is normal, but a 50-100% cost overrun is not and could be indicative of a dishonest or bad contractor.By following these tips, you can ensure that you don't get ripped off by a contractor.
