Kay Robinson: BBB Report

With the National Association of Realtors’ reporting current pending home sales down 21.4 percent from the first quarter of 2007, and Standard & Poor’s citing the steepest decline in home values in the 20-year history of its housing index, many homeowners are now choosing to remodel their current home rather than selling in an effort to hold home values in the turbulent U.S. housing market. To execute the strategy successfully, most projects require professional help and the Better Business Bureau is offering advice and guidance on finding trustworthy contractors who can help make the strategy pay off.

According to the Home Improvement Research Institute, homeowners spent $306.7 billion on remodeling projects in 2007. Despite substantial declines in other U.S. housing market indicators, the HIRI expects only a modest decline in home improvement spending in 2008, and estimates the amount of money spent by homeowners will exceed $302 billion.

Many homeowners feel that finding a trustworthy contractor is a difficult task. According to the recently released BBB/Gallup Trust in Business Survey, 73 percent of respondents indicated that they didn’t have a great deal or a lot of trust in contractors.

“Homeowners often don’t know where to begin looking for reliable help for home improvement projects, but finding a trustworthy contractor doesn’t have to be a difficult task,” said Steve Cox, BBB spokesman. “While asking friends and family for references is advised, homeowners can start their research easily and quickly online with free BBB Reliability Reports that provide an unbiased assessment on many types of contractors operating in their community.”

For homeowners looking to make renovations, the BBB offers advice on how to choose a contractor they can trust:

Kay Robinson is president of the Better Business Bureau of Central East Texas, serving 19 East Texas counties. To contact the BBB in Tyler, call 903-581-5704, and in Longview, call 903-757-3611 or 800-443-0131, or visit the Web site at www.easttexas.bbb.org. The organization can be e-mailed at info@tyler.bbb.org.

Kay Robinson
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