Pick Three out of Four
Updated: Nov 24, 2020
Dane and Susan had six different flooring companies at their home in a three-week period providing estimates to sand and refinish their hardwood floors. About a month later, an unusual sound came from Dane and Susan’s house, loud enough everyone in the neighborhood heard it. There was an explosion of screaming and yelling that continued for several minutes. A hardwood flooring van was parked out front; can you guess what happened? The couple expected a beautiful, high quality floor, but what they got was what they paid for. They were not happy.
Dane and Susan had selected their hardwood flooring contractor based strictly on price, but they expected they would receive quality, speed, service and the best price. The lowest price came with a lot of heartache because they expected more and got less.
It’s no different than selecting a builder for your project. You need to determine what you value and decide what’s most important: quality, speed, service or price. Of course, you want all four components, but most often you will need to find a builder that can provide three out of four. That’s reality. Is it reasonable to expect that you’ll get a builder who will give you the lowest price with great quality great service and a timely finish?
Let’s consider the merits of each:
Quality: A good company prides itself on providing a quality product, especially in the custom home and remodel market. They encourage prospective homeowners to look closely at the work they’ve done for other homeowners and affirm they would be pleased with the excellent workmanship the company provides. Comfort with quality, luxury with outstanding craftsmanship.
Speed: An on-time finish is important, but there may be times, especially in a busy market, when deadlines are missed. If that happens, you want your builder to proactively communicate with you and, if possible, find a way to make up the time and get if done quickly.
Service: A builder with exceptional customer care will provide good communication and attend to the homeowner’s needs before, during and after their home is completed.
Price: The best companies aren’t usually the cheapest, but consider this: they’re probably not the most expensive either. Great companies deliver good value. An honest builder charges at or below market value for the level of service and quality product they provide. Very seldom is the cheapest price the best choice for a builder.
Don’t make the mistake of thinking you can have all four qualities in one builder. A Lexus or a Mercedes is priced differently than a Mitsubishi. If you pay for Mitsubishi pricing (like Dane and Susan) and still expect a Lexus or Mercedes level of performance, you are setting yourself up for disappointment and potential conflict.
Know what’s important to you and adjust your expectations. If cost is your most important value, then choose the contract with the lowest price. However, if you value quality, be sure you look for excellent workmanship. You can get the results you want; just be sure to select your builder based on what you truly value.