Americans lost $1.4 billion to fraud and scams in 2012 and the scam industry itself is a $200 billion a year “industry.” For home owners and hopefuls in the US, the number one fear is getting scammed by their contractor. So how do you avoid being taken advantage of?

This infographic from HomeAdvisor goes through how to select a reputable contractor (research, what to look for when you contact them, how to interview) and what to look for while the work is being done and after it’s being done.

[Click here for full size version]

The Cost of Home Improvement Fraud and Scams

Irma Wallace

Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders' Zone, a construction / home improvement portal. Follow +Irma Wallace on Google + as well as Twitter.

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