One of the most popular categories of fraud is the Contractor Fraud (also known as Home Building Fraud or Home Renovation Fraud). This term applies to the illegal practice of renovating, reforming, repairing, rebuilding personal property by misrepresentation of services, inflation of costs and project remuneration. It is usually practiced by small firms, or incredulous individuals that guarantee quick repairs for low prices. Generally, those repairs and upgrades are unnecessary, or even harmful for your property.
Do not forget that not all the contractors are con-artists – most of them are honest workers, but still be careful with all the warning signs that we will mention below and make sure you do everything possible to protect your budget and your property.