How To Avoid Cowboy Builders: In a recent video, I take a deep dive into Andy Burnham’s plan to crackdown on cowboy builders within the UK.
In the video, I discuss the governments plans to regulate the building trade. I explain how these plans could push prices up, without actually solving the problem of cowboy builders.
If you want to stay safe when hiring builders, make sure to watch the video until the very end. You can find the video on YouTube, or at the top of the page!
If you watch the video on YouTube, drop me a comment letting me know what you think of the governments plans. Could they help stop rogue traders, or will they just create unnecessary bureaucracy?
You don’t need to rely on the government to fix the problem of cowboy builders. If you know what to look out for, and how to structure payments, you can avoid being ripped off.
In this article, I show you how to avoid cowboy builders as a property investor. If you apply these 3 simple tips, you could save thousands when refurbishing real estate.
If you are a property investor, or plan to refurbish your home in the near future, make sure to read this one carefully.
I want everyone to know how to avoid cowboy builders. That way, we can stop ordinary people from being scammed. That’s why I wrote this blog post. However, for it to have an impact, it needs to reach the people who need to read it most.
Please would you consider sharing this article on your social media pages? Doing so could help keep someone safe from the fraudsters and scammers. Sharing our content makes a real difference, so thank you to everyone who does.
1. How To Avoid Cowboy Builders: Get A Survey!
When buying a property, it makes sense to get a survey done. This allows you to fully understand the work that needs to be done on the house. That makes it harder for a cowboy builder to fabricate issues with the building to push up the bill.
It also protects you if there are issues with the property which should have been disclosed in the survey.
2. How To Avoid Cowboy Builders: Use A Formal Written Contract!
When dealing with builders, and other contractors, always ensure there is a formal written contract in place. This should explain clearly what is expected of each party, and what happens if things don’t go to plan.
Not only does this help to protect you from cowboy builders, it also protects both sides from genuine misunderstandings.
3. How To Avoid Cowboy Builders: Pay Them On A Payment Schedule!
This is an extremely important part of avoiding cowboy builders. Having a schedule of payments means you only release a small amount of money at any one time. Only when the previous part of the job is done to your satisfaction do you release more.
Cowboy builders tend to want a lot of money upfront, so a schedule of payments will put them off working with you in the first place. Even if they agree to it, they will only ever get a small portion of the cash!
How To Avoid Cowboy Builders: Get Educated!
That’s how to avoid cowboy builders as a property investor, but the best way to avoid them is to learn the necessary skills via property education! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
- The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
- How to LEVERAGE other people’s money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
- How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
- How to RECYCLE your money again and again
Don’t just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
