This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
MembersFirst Credit Union of Florida Go to main content
Become A Member Apply for a Loan Branches ATMs
Home > Financial Resource Center Home > House & Home > Improving > Tips to Avoid Home Improvement Scams

Tips to Avoid Home Improvement Scams

Home improvement scams are unfortunately common and can be financially devastating for homeowners. These scams can range from shoddy workmanship to outright theft of funds. Here are some tips to help you avoid home improvement scams:

  1. Do your research: Before hiring a contractor or home improvement professional, do your due diligence. Research their credentials, check for reviews and complaints online, and ask for references from past clients. Make sure they are licensed and insured.
     
  2. Get multiple quotes: Don't settle for the first quote you receive. Get at least three quotes from different contractors so you can compare prices and services. Be wary of quotes that are significantly lower than others, as this could be a warning sign.
     
  3. Get everything in writing: Always get a written contract from the contractor that outlines the work to be done, the timeline, and the cost. Make sure the contract includes payment terms and a clear cancellation policy. Never agree to a verbal contract or pay in cash.
     
  4. Watch out for red flags: Be cautious of contractors who show up uninvited or pressure you to make a decision on the spot. Also, be wary of contractors who ask for a large upfront payment or only accept cash. 
     
  5. Don't pay upfront: Avoid contractors who demand full payment upfront or ask for a large deposit before starting the work. A reputable contractor will typically ask for a small deposit or payment schedule based on project milestones.
     
  6. Verify credentials: Make sure the contractor is licensed, bonded, and insured. Check with your state's licensing board to verify their credentials and ensure they are in good standing. This will help protect you in case something goes wrong during the project.
     
  7. Trust your instincts: If something doesn't feel right, trust your instincts and walk away. It's better to be safe than sorry when it comes to hiring a contractor for home improvement projects.

Taking these precautions can help ensure a successful home improvement project.



« Return to "Improving" Go to main navigation
I Want To
I Want To
Loan Center
Loan Center
Credit Cards
Credit Cards
Careers
Careers
Special Offers
Special Offers
MembersFirst Credit Union of Florida
InstagramTwitterfacebookemailWordpressYouTube
NMLS #405711
Members First Credit Union of Florida is not affiliated with Members First Credit Union (Kentucky)

Members First Credit Union of FL is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 877-434-6328. We are actively working to increase accessibility and usability of our website to everyone. All products and services available on this website are available at all Members First Credit Union of FL branches.

 

Any external links or websites to alternative sites are not operated by Members First Credit Union of FL. We are not responsible for the content of the alternate site or their accessibility standards.

BACK TO TOP