A home renovation is one of the most popular ways a homeowner can increase the value of their property. But, the process isn’t as linear as the call-contractor, approve-the-budget, move-the-bus process that most are led to believe. This is especially true when it comes time for the contractor to calculate the budget of the project, specifically the considerations added in the budget that contractors don’t tell homeowners about.
Just to be clear before we begin, this is more about collective quotes for overall projects such as room remodelling. Specific services such as wall cladding from http://peterbracey.com.au have a more straightforward quoting system, which the following explanation should clear up.
Drumming Up Drama
A contractor needs to be in the industry for at least a few years before they get enough confidence to be able to provide a reliable quote, but even then, they can get it wrong. The best examples of these are the supposed experts on home renovation shows that often have to tell the client they might go over budget, only to pull the project out of the fire at the last second.
Most observers would explain this situation through producers trying to drum up the drama of an otherwise bland project, which is true most of the time. But, how do producers ensure that such a drama occurs without completely endangering the integrity of the contractors on the show? The quotes for projects are dependent on the specific needs of the projects, and are mostly sound if everything goes smoothly, which is the secret behind the drama.
TV and Reality
Problems are inevitable in every project, and contractors know that, which is why they inflate the quote a little bit just in case something goes wrong. If a contractor on a show proposes a budget, they’re quoting the lowest number possible to entice both the homeowners and the viewers. This doesn’t offer a lot of wiggle room when a problem arises, which ensures much needed drama.
Quoting a budget with a buffer is common practice in any industry, because it means that a contractor knows the ins and outs of the industry and prepares for potential obstacles. Not accounting for such difficulties just increases the stress of the project, and makes the contractors look like they have no worldly idea what they’re doing; great for TV, horrible for real life.