Do you want value? Of course, you do. But what does that mean? Value is not a fixed point. It is an equation. And that equation is different for everyone. An often-used example in discussions of value is the fine Italian shoes that cost five times more than a regular pair of shoes but last ten times longer. The Italian shoes are an excellent value… if you can afford them.
Homes provide a much more complex equation than shoes. Like shoes, durability, fashion and design are key issues but with many more variables within each category. Additionally, the cost of maintenance and utilities are also at issue.
Unfortunately, the single variable for home buying is cost per square foot, which throws all of these variables of value out the cheap, builder grade window. Price per square foot is not a good benchmark for value and cheap per square foot is a near perfect equation for bad value. But that is what sells homes.
To get their price per square foot down, builders are encouraged to provide the most space possible for the lowest price possible. This has given birth to a whole line of building products called “builder grade.” This means the lowest possible quality that will get through the short warranty period.
The average American home is built with around 2500 various parts. With everything from the baseboards to the roofing provided at builder grade, the home can be built at a very low price. The lower the price, the quicker the home will sell.
As a remodeler, we are the beneficiaries of this approach. Not only are corners cut on materials but design as well. Though poor-quality materials are an often-mentioned complaint as families consider remodeling, poor quality space is the most common reason for remodeling.
What most homeowners don’t see is the unnecessary energy loss due to corners cut in order to reduce the price per square foot. But just like you pay a mortgage payment every month, you also pay your utility bill every month. Unlike your mortgage payment, as long as you are buying energy rather than producing your own, you will never pay it off.
So, what is your equation for value in remodeling? If you are in a position of needing to get a project done with as little money as possible, we may not be the right company for you. Our crews are trained not to cut corners. Nonetheless, we are happy to put our expertise to work for you. If you are doing work yourself and have a question, don’t hesitate to email or call us. We will do our best to get you the information that you need.