Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

How to avoid a bad builder

By Sasha Karen
26 April 2017 | 1 minute read

Despite doing as much research as possible, some builders are not always what they appear to be. Here’s how one investor survived a terrible experience with a builder.

Advertisement
Advertisement

When renovating a new property, property managers need to ensure they hire the best person for the job. However, dodgy builders can sometimes slip through the cracks.

Speaking to sister publication Smart Property Investment on The Smart Property Investment Show podcast, investor David Shih said property managers need to stay vigilant in order to detect scam artists.

Mr Shih said he had met a builder in person several times and they had established a rapport ahead of a $25,000 renovation. But the builder vanished after receiving a $4,000 deposit, leaving Mr Shih shocked and out of pocket.

“I could not track him down at all. I spent over a year,” he said.

“I signed a work order, I sent it to him. We agreed on the start day, then I was never able to reach him again.”

Even the builder had provided examples of his work and had come recommended, Mr Shih said he should have checked his licences before hiring him for the job.

When stung by a scammer, Mr Shih recommends notifying Fair Trading and the police.

In order to avoid getting scammed, property managers should always “do your homework”.

How to avoid a bad builder
Construction badbuilder
lawyersweekly logo

 

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.