Home Remodeling Costs
I have receved a few questions about remodeling costs. This is a subject that is very tough to answer. It can seperated into many different segments. First and most important is:
COST VS. QUALITY
This is big one. What is Quality worth? My opinion is that you cannot place a pricetag on Quality. Cost on the other hand (If the price on the project is to low) could cost the owner more. What do I mean by this? Let say ABC Remodeling contracts to remodel your Kitchen. ABC is not licensed and there experience is very low. The customer and ABC receive a stop work order issued by the Local Building Department. So, ABC did not pull a permit the homeowner then is also in voilation and now has a complete mess on there hands. I think you get the point. Do not let Cost be the only factor in hiring a Contractor. Cost can cost you more money in the long run. But, also this is your home ( the most valued possesion you own)
APPLES TO APPLES
We have heard this phrase since we where young children. I strongly believe in this phrase when it comes to my Remodeling Business. A remodel project can have over 100 tasks. Now with that said, when proposals are coming in do you every notice the One or Two that sticks out? Well I see those proposals or hear the prices all the time. Our bid will come in let say about $25,000.00 for a kitchen remodeling project. There is always one company or contractor who will come in at $12,000.00. Does this mean he really likes you? Or is doing a favor for your family? No, it means he or she has missed very crucial infromation containing to his ot her bid. In plan English he or she was not listening to you. Missing key elements in a bid is going to be a thorn in the homeowners side later. What do I mean? This project that you now have contracted with someone is going to cost you more money and aggrevation, delays, arguements and maybe Hiring a whole new company to finish there mess. Not all estimators are created equal.
Remodeling Costs are based on the companies overhead (office,staff wages,showrooms, insurances,licenses) direct costs + Labor ( skilled+ Workers Comp.+ FUTA+FICA+SUTA+SOC.SERCURITY)+ Cost of materials which can be a huge factor. All Contractors basically buy from the same place, but some buy low end products.
So the final equation equals this: CHEAP PRICES= CHEAP COSTS + CHEAP LABOR +CHEAP MATERIALS= CHEAP JOB
QUALITY PRICES= QUALITY COSTS+ QUALITY LABOR + QUALITY MATERIALS= QUALITY JOB
Kevin Boyer is the owner of KB Remodeling and Construction LLC, KB serves the Sarsasota Florida Remodeling Market. 941.735.1413
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