When it comes to home improvements, think like Goldilocks
Our customers constantly tell us that the toughest thing about shopping for home improvement projects is knowing whether they are getting a fair price. When shopping for a car, you can compare the exact same product across many different companies. Like Goldilocks, you don’t want to pay too much and just as important you don’t want to pay too little. You want a price that is just right. This is why many people get 3 quotes. They usually throw out the highest price and the lowest price and feel like going with the one in the middle is the best option. There is a better tool to allow you to determine whether you are getting a fair price.
Qualified Remodeler is the most well-known and respected Home Improvement publication in our industry. They partnered with the National Association of Realtors to create the “Kelly Blue Book” of the remodeling industry. Each year, they publish a Cost vs. Value report that analyzes the average cost and also the average resale value of the most popular home improvements. They survey 100’s of home improvement companies across the country to determine the fair market value of multiple home improvement projects. Listed below is a link to the 2014 report. Whether you are looking to replace your roof, windows, siding or maybe redoing your kitchen, you can see what you should expect to pay for the project. If you get a quote that is significantly higher than the prices in this report, you should question the contractor as to why. Just as important, if you receive a quote that is significantly lower, you should ask them why. Paying too little is almost always worse than paying too much because when you pay too little, you often have to do it twice.
Our customers have found this to be a very useful tool and give them peace of mind that they are paying a fair price for a project regardless of who they choose.