Monday, May 24, 2010

Why Does Renovation Cost So Much?

Why does renovation cost so much?

Better to ask why it doesn't cost so much. Seriously.

A few moments ago my cousin Tom was hovering in my office doorway. "People just can't see what they're getting, " he says, doing some sort of tension-relieving isometric move on the door frame. Yup. So what else is new? He tells me he just lost a high end bath remodel to FRED. (That's not really the name of the company--but it's a company with a good reputation in DC). "They came in at 83-thousand and I was at 94" Well, maybe the client thought the extra ten-grand was for nothing. "Yeah, but I just talked to the homeowner and he told me, now that they're near the end of the job, FRED is hitting them up for more money." Apparently, some things the client thought were in the plan aren't in the plan. FRED is going to make it right of course. But, once FRED has done that, the cost of the project is going to be pretty close to where we priced it.

Could be there was a misunderstanding early in the process. Could be an honest mistake was made.

Either way, we weren't the more expensive company. We were the company with a thorough estimate that accurately represented the wishes of the client.

Why does renovation cost so much? Now you know.