Basic Cost vs Value Considerations

What is cost versus value, anyway?
Unless you were fortunate enough and financially set to design and build your home exactly the way you would wanted it, there are still things you would add to your dream home. We love our nests and each of us, even each member of a family has their own definition of the perfect home.

Most of us find a new or resale home as close as possible to our wish list within our price range. What an exciting time it is to find, purchase, and settle into our homes. The reality is we soon discover the house needs improvement. It may need repairs or be overdue for updating. Eventually most home-owners begin “dreaming” about remodeling.

Why is Cost versus Value critically important?
There are many answers to that question. Some are obvious. Most of us are aware updating kitchens, baths and master suites make a big impact! It is a wise choice, if you are planning on selling your home in the next year or two.

Perhaps you are not planning to remodel but plan to build a new home. Building a new home is a thrill, especially when you are personally involved designing it and watching the Contractor build it. It is a wonderful experience I hope all of you enjoy in your lifetime. If you do, it will be a few years before you would want to remodel. However, if you purchased a resale house, making it your home is a natural progression. The remodeling arm of construction was born from this desire and need.

Most people dreaming of remodeling or adding an addition come into our showroom with absolutely no idea what their idea will cost. That is always the first thing on our minds, as it should be. After all, budgets and cost dictate how much of our dream we can actually bring to life. We will explore that deeper in a moment. However, I want to help you understand some equally important considerations first. It is a practical truth most do not think about until their home is close to having the demolition phase begin. What am I talking about? Well, who is going to be in your home for the duration of your project? What do you know about them? I think you can see how important those questions are. They do tie in to cost versus value.

These reasons are more abstract but equally important. Construction has many expressions. Cost versus value is also key as you consider who to award your project to. Let me explain.

Everyone wants to get the best value for the least investment. After all, your home is probably the biggest investment in your portfolio. When you are ready to get serious about remodeling you have probably talked to many friends and family members asking them for referrals. You may have visited many showrooms, big box store kitchen bath departments, and spent a fair amount of time on Pinterest, Houzz, or Angie's List. When you've done your due diligence you may be more confused regarding cost versus value than when your began your quest. It can feel like a part time job!

At some point, it will be time to interview and select the contractor you trust to award your project to.
Yes, I am skipping way past all the "stuff" the physical products you need to wade through in the selection process. I know, that is what is most important, right? Well, maybe not! Slow down a minute and consider this view of cost versus value.

It is always tempting to find the best price, WARNING: Best price does not necessarily equate to the best choice. I agree there are numerous possibilities and options. There are many firms, construction companies, handymen, and carpenters to possibly work with. Each of them have strengths, weaknesses, and a reputation. Referrals are the life blood of remodeling companies. Talking to everyone you know about what they had remodeled, who did the work, and what they like and do not like about the results is very important. There are so many scary stories out there regarding home owners paying a deposit and being abandoned with only a part of the promised work begun, That happens too often. We do not have time or space in this post to cover all the negative possibilities.

Who you award your contract to will be working with you for months. They will be in your home along with subcontractors, carpenters, counter top and cabinet installers. Some are trustworthy, some may not be. In this context, cost versus value must be assessed with clear consideration of the following facts:
Here are very "valuable "considerations.

• References are key.
• Did they welcome and respectfully answer your questions and concerns?
• How many projects are they doing at the same time as yours?
• Do they have highly trained professionals working with them?
• Does the general contractor control their crew, requiring they be non smoking, speak respectfully and monitor the type of music or media they may tune into while working on your home?
• Are they mindful and careful to protect the interior of your home?
• Do they set up dust barriers?
• Do they straighten up each night before leaving?
• Do you feel comfortable having your children and pets around these people?
• Are they insured?
• What is their reputation?
• Have they been verified as not having any criminal record?
• Are they honorable safe individuals?

No matter how little money your project cost you, value can be destroyed making the wrong choice of who to trust in and remodeling your home. Be safe, be wise! We hope you will check on our reputation. We are competitively priced! Most of our projects are referrals or return business based on the trust our clients have in us. We would love to make your project beautiful and as pleasant as possible in the construction phase.