Remodeling Economics

There are many aspects to the pre-construction process that need updating. At the next kbtribechat we will be discussing some of these.

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Do you agree with the three bid rule?  Many homeowners think they must get at least three quotes in order to get a fair price.  Does this make sense?

Should quotes be free?  Is it reasonable for the client to expect a free in home visit and consultation  for an estimate?  It has become an industry standard but should we move towards changing this?

Do you expect your clients to choose all materials prior to the job starting?  Many contractors are not able to get organized causing inefficiencies,  project delays and inevitable customer dissatisfaction.  How do you handle client choices? Do you make sure all decision makers are present when choices need to be made?

Do you compete with companies who don’t understand the cost of doing business?

Can you compare custom remodelers? Is there an apples to apples opportunity for the prospective client?

Is it worth taking the low bid?

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Join us for a Twitter chat discussion on the pre-construction process that takes up much of our time as contractors {Wednesday, May 8th from 2 to 3pm eastern time} by adding #kbtribechat to your tweets.

Here’s a partial transcript for this chat.

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