Don’t Be Enticed By Too Low a Price CAVEAT # 3
CAVEAT # 3: Desperate Companies Resort to Fire Sale Prices
A lower-than-expected price is a red flag rather than a green light. When the economy creates tough times for remodeling businesses, some may resort to booking jobs at any price in order to retain their staff and trades people in the short-term. An experienced, reputable builder knows the real costs for quality materials and skilled labor, as well as the profit margins needed to stay in business. A company who chooses to ignore realistic pricing in the short-term will have to cut corners somewhere. There is a chance they won’t make it in the long term, and will perhaps leave you with a half-finished project or a project that is not as good as promised.