There are right ways to remodel and there are wrong ways to remodel.
A realistic remodeling budget must be set and adhered to.
When you go to purchase clothing, household items and items pertaining to your hobby, you most likely make informed decisions about your purchase before you pay for it and take it home with you.
Most of the time these purchases are small but numerous – which can add up over time. Looked at individually it may seem like to no big deal. Yet, if you look closer at what you are purchasing there is a difference between two different brands when compared side to side.
I am going to use a DVD/Blu-Ray Player as an example. Side by side on the shelf, without looking at price, all one sees is a DVD/Blu-Ray Player.
Next thing you may notice is the price. That price ranges from under a hundred dollars to well over a thousand dollars. The thousand dollar DVD/Blu-Ray may be right there in budget for you but most likely it is not. So you are going to go back down the scale to maybe the One Fifty to Three Hundred Range and discover that there are two of these players that appear to have the features you want (or at least recognize the terms on the box). One is $275.00 and the other is $149.99.
Now the focus is narrowed down to those two selections and your are comparing the boxes. “Hmm, they both say and list the same things. I can not believe this one is almost half the price for the same thing! Think of all the DVD’s I can buy with that extra hundred bucks!”, you may think to yourself as you place the $149.99 DVD/Blu-Ray Player into your cart and happily head to the movie section.
So fast forward to arriving home and setting up your new player. You pop some popcorn, turn down the lights and settle in for a movie marathon that evening.
You wake up the next day and relish in the enjoyment you obtained from the new player the evening before. As you drink your first cup of coffee of the morning you head to the computer and log into NetFlix. Loading your que up like crazy and look forward to watching all the movies you missed or miss in general.
A few weeks go by and as you use the player you start to notice that at times it doesn’t recognize there is a disc inside. Or the disk from Netflix or Redbox has to be hospital surgery room clean in order for it to play. Or during an intense part of the movie it freezes. Maybe the set shutoffs suddenly in the climatic car chase…
What you did not realize is that as you skipped happily to the movie section of the store, behind you was a person that stepped up to the DVD/Blu-Ray Player section and had a similar experience to you. Except instead of thinking as you did, they decided that they had been saving up for a purchase of a new player and decided to buy a player they budgeted for.
Their player works well. Their player does what it says it would do on the side of the package. Their player can player 10 hours of back to back Star Wars movie and say to them, “Give ME More!” (Just ease off on the Jar-Jar Binks ok?)
Translate the above scenario to a home remodeling project. If you have saved for and a certain budget for your new bathroom. Let’s use an average example of $15,000. You contact two contractors and meet with both of them.
After product selection you have two numbers to compare for this project. Contractor A has come in at $14,766.32 for products and materials. Contractor B has come in at $9,400.00 for products and materials.
You rub your eyes in disbelief. Holy cow, I can get a bathroom and save over $5,000.00?? It’s too good to be true!
You start asking the questions.
This includes a vanity? A – Yes Maam. B – Yup
Tile? A – The exact tile you picked out B – Uh huh
Debris clean up? A – Every Day B – Sure
Good quality shower valve? – Yes, Maam it’s the best one Moen has to offer for this budget. B – Ain’t nothing wrong with the one you got. You ready to right that check? I’ve gots things to do and peoples to see.
The $5000.00 seems too good to be true but dangit it is $5000 DOLLARS! With a slight pang in your stomach you write a 50% deposit check to Contractor B and tell Contractor A thanks for his time and you’ll be sure to tell all your friends about him.
Fast forward through the work and a few weeks after. (As there is just not enough time for me to write all the details of how the project went, today)
You walk into the bathroom, flip the switch and no light. You flip the switch a few times and the light finally comes on.
A few days pass and you attempt to open the drawer of the vanity to get your hair dryer out. The drawer is stuck closed. When you pull hard you notice the face of the drawer nearly coming off the drawer box and the reason it was hard to pull out as it’s slipped off it’s flimsy guide bracket. Unable to get the drawer back in and you are in a hurry to get to work now, you leave the drawer on the floor.
Later that evening as you come home late you forget the drawer is on the floor as you walk in (and since the light decided to come on this time and not slow you down) you stumble over the drawer.
Later even that evening whilst in the shower, you notice something odd about a tile and you press on it. It falls to the floor, barely missing your bare toe.
So in summation, what did either person end up saving in the long run?