{"id":5042,"date":"2012-11-16T16:59:30","date_gmt":"2012-11-16T16:59:30","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=5042"},"modified":"2012-11-16T16:59:30","modified_gmt":"2012-11-16T16:59:30","slug":"fmb-paying-cash-for-building-jobs-costs-homeowners-260-million-a-year","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=5042","title":{"rendered":"FMB: Paying cash for building jobs costs homeowners \u00a3260 million a year"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\">Last year homeowners were duped out of \u00a3260 million by dodgy builders doing slapdash work, according to research for FMB.<\/span><\/p>\n<p><span style=\"text-decoration: underline;\">FMB writes<\/span>:<br \/>\nThe research shows that almost half of homeowners (48%) are losing out by paying builders for the total project in cash, in an attempt to avoid paying VAT. Over one in 10 (11%) homeowners were left with badly done building work and of these, a shocking 76% paid for the job in cash.*<\/p>\n<p>Around 200,000 building projects take place in British homes each year with the average home building job costing \u00a315,740, this amounts to \u00a3260 million being wasted on shoddy jobs.<\/p>\n<p>Brian Berry, spokesperson for the FMB\u2019s Master Builder of the Year Awards, explains: ?\u2019Before employing a builder, it is vital to carry out checks to make sure you are using someone reputable, such as an FMB builder. Choosing your builder on price alone can be a false economy which may neither add value to your property nor make for a smooth building project.<\/p>\n<p>\u2018There are plenty of great builders out there, as seen in the entries to the FMB\u2019s Master Builder of The Year Awards \u2013 the search for the best builders in Britain. The winners show that choosing the right builder makes the difference between having a dream home or a financial nightmare.\u2019<\/p>\n<p>Architect and Channel 4 presenter George Clarke, who will host the Master Builder of the Year Awards, adds: ?\u2019If you pay a builder large amounts of cash upfront then you leave yourself vulnerable to them increasing the price or walking off the job half-way through and you don\u2019t have any warranty if it all goes wrong. By using a reputable builder, signing a contract, and organising staged payments with receipts, you will have recourse if it all goes wrong\u2019.<\/p>\n<p>If you have used a great builder over the last year, nominate them for the Master Builder of The Year Awards at: <a href=\"http:\/\/www.fmb.org.uk\/MBOYAwards\" target=\"_blank\">LINK <\/a><\/p>\n<p><span style=\"text-decoration: underline;\">For the award see<\/span>: <a href=\"http:\/\/www.fmb.org.uk\/events\/master-builder-of-the-year\/\" target=\"_blank\">LINK<\/a><\/p>\n<p><span style=\"text-decoration: underline;\">FMB News<\/span>: <a href=\"http:\/\/www.fmb.org.uk\/news\/press-releases\/2012\/may\/paying-cash-for-building-jobs170512\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+FmbPressReleases+%28FMB+Press+Releases%29\" target=\"_blank\">LINK<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year homeowners were duped out of \u00a3260 million by dodgy builders doing slapdash work, according to research for FMB. FMB writes: The research shows that almost half of homeowners (48%) are losing out by paying builders for the total &hellip; <a href=\"https:\/\/newsblogs.ihbc.org.uk\/?p=5042\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-5042","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/5042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5042"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/5042\/revisions"}],"predecessor-version":[{"id":5043,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/5042\/revisions\/5043"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}