Homeowners: How to Sniff Out Price Gouging
How to Sniff Out Price Gouging on Home Repairs
Fox Business – Natural disaster victims tend to want to start rebuilding their home as soon as possible, but they need to be wary of unscrupulous contractors and price gouging.
Although most people are genuinely looking to offer genuine assistance, disasters also tend to attract scammers looking to pretty on vulnerable homeowners by overcharging for repairs and projects.
To prevent becoming a victim of price gouging, experts say the first line of defense is to fight the urge to barrel full steam ahead and instead adopt a slow and steady approach. “Even though you’re stressed and want to repair your storm damage right way, the best thing you can do is take a deep breath and be patient,” says Angie’s List founder Angie Hicks. “The best contractors in town are going to be busy, but they’re worth the wait and they’ll likely prioritize jobs to get to the worst damage first.”