The top five building scams to watch out for

There is little doubt of the fact that when it comes to scams, they exist pretty much in every single field across the board. The more a sector grows in size and popularity, the higher likelihood of more scams emerging with the passing of time. Enough people have spoken about scams overall to know just how prevalent they have become in literally every field out there.

Today, there is no doubt that customers are more well-informed than ever before, whether it is regarding building services in London or anywhere else in general. However, that has not stopped people from falling prey to scams in general simply because these scam services know how to dupe people and get away at the last minute. Even in the real estate business, there are no shortage of scams in general.

What is worse is that due to lack of proof, more than often the perpetrators are not held accountable or responsible for their criminal actions. Hence, you owe it to yourself to be as well-informed and aware as possible when looking for builders in High Wycombe. Here are the top five building scams to keep an eye out for :-

Assured rental returns: Apart from ensuring a fixed rental income from certain properties, many services go as far as to publish fake rental listings as well. If you do not do your homework beforehand itself, it is quite easy for most people to get fooled. After all, such companies will go out of their way to make sure that the listings look as genuine and tempting as possible.

False promises: In a nutshell, this also implies false and fraudulent advertising as well. There have been more than enough cases of real estate developers having embezzled crores of money. None of their promised returns will be delivered in any way and further delays are bound to ultimately doom the project.

The aspect of title frauds: This not only happens with individual sellers, but even developers all across the board. There have been too many instances of scammers having duplicated title deeds and simply vanished after that. By the time any fraud is detected, it is just too late to do anything about it.

Deviation from the original plan: This is more common than you would expect, having happened with a great many projects across the board. The alarming fact is that it has become so common that most people consider this to be a normal ordeal when it is anything but. This poses a huge problem since buyers are forced to compromise on many important aspects in general.

Further delayed approvals: Even after possession, there have been many instances of buyers being frustrated because simple utilities like electricity and water have not been taken care of at all. There are many issues that lead to delays of this nature such as land use violation, floor area violations and the like. Unfortunately, all of these are detected after all of the agreement formalities have been approved.

At the end of the day, being aware of all the prevalent scams will go a long way in making sure that you are able to recognise scam services from a mile away and ensure that you do not get caught in the trap.

Not to mention that if you do your homework thoroughly and ask around, you will have a fair estimate of which companies are employing scam services on the whole. In this regard, the chances of you meeting people who have been conned before are higher, thus ensuring that you remain well-informed and aware throughout the entire process from start to finish.


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Written by Lauren Williamson

Content AuthorYears Of Membership


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