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family on Long Island has been living in a camper behind their home for the past month, after hiring a contractor to renovate their house. The $96,200 project was supposed to be completed this summer, but the inside of the home remains in shambles, with exposed wiring and spray-painted directions for appliance installation.
The family discovered that their contractor was operating without a valid license, listed on Suffolk County's "Wall of Shame." Licensing rules vary by state and county, but hiring an unlicensed contractor is generally not recommended. It's also essential to ensure the contractor has insurance, which would cover any damage caused during the renovation.
When choosing a contractor, research their expertise and check online reviews. A simple Google search can reveal a contractor's specialization, such as HVAC or electrical work, and uncover potential red flags. Liz Brumer-Smith, a real estate investor, advises doing due diligence right away after hiring a contractor.
The cost of contractor services has increased in recent years, with the average general contractor costing around $4,000, according to HomeAdvisor.com. However, prices can range from $4,000 to $58,000 or more, depending on the scope of work and additional charges for permits, subcontractors, or land surveys.
To estimate costs, use a renovation calculator like Realtor.com's tool, which calculates costs and return on investment based on your ZIP code. Be wary of estimates that seem too good to be true, as they often are.
