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Tips To Increase Remodeling Project Profits

 
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Old 01-30-2019, 01:51 PM   #21
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by woodspike View Post
i kind of agree with the " specializing comment

or at least job selection.
its tough to turned down a job at times , but maybe sometimes we should.

truly interview your client as they are interviewing you.
if they are an extreme , anal person who you know will need extra time,or are overly detail oriented ,( which they have a right to be ) you have to implement more time on in your bid for a job like that.


plan your work , work your plan as dad used to say

maybe actually meet all the subs there at once , and talk with your foremen , and make a plan or " scope of work " with sa time line .
maybe you can shave off a few days that way
good practical advice , I miss some of these things always.note to self : should work harder to build these as habits .
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Old 01-30-2019, 01:52 PM   #22
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Re: Tips To Increase Remodeling Project Profits


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Originally Posted by insighter242 View Post
Similarly I didn't ask to be accused , and I also didn't ask you to school me about "dale carnegie " .

Looks like you agree with me that "post count" doesn't matter . Happy to find a common ground .

Thanks for answering the original post and adding valuable content .
3 veteran contractors took you post the same way - that you wanted to use cheaper materials and make them look high-end.

If you meant something different all you had to say was we misread your post and intention.

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Old 01-30-2019, 02:02 PM   #23
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Re: Tips To Increase Remodeling Project Profits


"..high end look with alternative materials.."

I read that as "cheaper stuff that won't last."

I was on a swanky job where the trim guys had biscuited and butt-joined some hollow-core slabs to achieve a 5' closet bypass set-up. Looked "high end", I suppose.
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Old 01-30-2019, 02:04 PM   #24
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Re: Tips To Increase Remodeling Project Profits


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Originally Posted by Jaws View Post
3 veteran contractors took you post the same way - that you wanted to use cheaper materials and make them look high-end.

If you meant something different all you had to say was we misread your post and intention.

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So what is wrong with using cheaper materials and making them look high end . I use luxury viny tile which looks high end inplace of hard wood flooring , because it met all the functionality and met the customers budget .

Am I a great contractor , only if I use the most expensive material . I tried to tell that - "high quality" " high end" are subjective . to which your verteran responded by saying that I should not lie .

This doesn't seem like misreading , it seems like saying " every one expect myself are cheap , I am the only noble prize worthy contractor"

ofcourse open for any constructive debate , you could say what is a "high end" flooring and I can explain why its subjective .
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Old 01-30-2019, 02:06 PM   #25
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by MarkJames View Post
"..high end look with alternative materials.."

I read that as "cheaper stuff that won't last."

I was on a swanky job where the trim guys had biscuited and butt-joined some hollow-core slabs to achieve a 5' closet bypass set-up. Looked "high end", I suppose.
I read this as

"another insecure contractor who has no value to add, but trying to boost his ego by assuming a negative connotation "
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Old 01-30-2019, 02:25 PM   #26
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Re: Tips To Increase Remodeling Project Profits


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Originally Posted by insighter242 View Post
I read this as

"another insecure contractor who has no value to add, but trying to boost his ego by assuming a negative connotation "
That's one way to read it.

Do you have examples of the cheaper alternatives that meet the "high end" bar? Is it just about looks, or also about performance, quality, etc?

Do you push your "alternatives" because you have them, or because the customer wants them? Does it save them any money to use your alternatives, or just put more money in your pocket (at their expense)?
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Old 01-30-2019, 02:37 PM   #27
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Re: Tips To Increase Remodeling Project Profits


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Originally Posted by Californiadecks View Post
That's easy. Don't give your customer a cubic zerconia and tell them it's a diamond. That's not subjective, that's a lie. That's my point.


Mike.
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Sounds prescriptive, not accusatory.

I think you might be better served by searching and lurking rather than posting and accusing.


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Old 01-30-2019, 02:45 PM   #28
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by MarkJames View Post
That's one way to read it.

Do you have examples of the cheaper alternatives that meet the "high end" bar? Is it just about looks, or also about performance, quality, etc?

Do you push your "alternatives" because you have them, or because the customer wants them? Does it save them any money to use your alternatives, or just put more money in your pocket (at their expense)?

Got it , This contributes to a better discourse

As I mentioned in one of the responses : Luxury vinyl tyle instead of hardwood , more variety , less lead time , good looks , easier to maintain .

Marble look tile instead of marble - It gives a true high end look , especially when I used a hexagon style tile .

I dont necessarily "have" alternatives for every material or every clients problem . Infact I dont conclude anything about a project . It all depends on what the customer wants and what they are trying to achieve . Most of the times these customers already spoke to someother contractors , who apparently said , they have to do it "their" way - which is nothing but a way to say " I only want to do it this way , because it makes it easy for me , irrespective of your budget , wants and desires "

Every project is different , some have higher margins some lesser Also its not a zero sum game , meaning one has to loose for th eother to win . I hate to assume , but I dont exactly understand what "pocketing more money at their expense" is - I try to meet my clients needs and make money . Simple.
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Old 01-30-2019, 02:52 PM   #29
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by Mordekyle View Post
Sounds prescriptive, not accusatory.

I think you might be better served by searching and lurking rather than posting and accusing.


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wow , Mordekyle said it , so it must be true .

May be you should use the free unsolicited advice you gave me , especially when you have zero value to add .

Unless you honestly believe that I am dying to get your opinion of that comment .
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Old 01-30-2019, 02:56 PM   #30
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Re: Tips To Increase Remodeling Project Profits


I would just price those alternatives differently. LVT vs. hardwood, or real marble vs. the look of marble. Sort it out with client, and go from there.

As for better margins, it comes down to being clear, efficient and expeditious (keep the job moving).

Also, having a materials list before the next trip to the jobsite is invaluable. Folks otherwise waste time and add days.
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Old 01-30-2019, 03:05 PM   #31
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by MarkJames View Post
I would just price those alternatives differently. LVT vs. hardwood, or real marble vs. the look of marble. Sort it out with client, and go from there.

As for better margins, it comes down to being clear, efficient and expeditious (keep the job moving).

Also, having a materials list before the next trip to the jobsite is invaluable. Folks otherwise waste time and add days.
Ofcourse pricing is just one step , I have many other things that I look for , ex being : do the clients really understand the benifits , do they need the functionality or is this more a decorative element . Do they plan to have it for few years or is this supposed to be a stop gap feature . Do they have more pressing needs than this specific option :having a functional bathroom would be more important than decorating a fire place . Most of the times they know these , but some times asking these questions help prioritize



Regarding the materials list - can you explain further , because I do spend time researching materials and any tips would save my time .
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Old 01-30-2019, 03:07 PM   #32
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Re: Tips To Increase Remodeling Project Profits


* Estimate / bid the job right to start with.
* Have a clear scope of work and expectations with the client and make sure all project stakeholders understand their part in it.
* Sweat the details on material and subcontractor buy out.
* Planning, planning and more planning, always thinking ahead.
* Set an aggressive completion schedule and stick to it.
* Keep a neat and clean jobsite at all times.
* Start the punch list and close out work well before the end of the job so everything wraps up on the scheduled date.
* If changes come up, deal with them quickly, then realistically update the schedule.

Assuming it's bid right, the biggest factor is setting an aggressive schedule and sticking to it. Schedule over-run kills profits, plus you lose the opportunity to be working on the next profitable job.
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Old 01-30-2019, 03:16 PM   #33
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Re: Tips To Increase Remodeling Project Profits


Infighter242 ... seriously thought I saw that after while reading this thread.

Nothing else constructive to ad.
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Old 01-30-2019, 03:17 PM   #34
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by Fishindude View Post
* Estimate / bid the job right to start with.
* Have a clear scope of work and expectations with the client and make sure all project stakeholders understand their part in it.
* Sweat the details on material and subcontractor buy out.
* Planning, planning and more planning, always thinking ahead.
* Set an aggressive completion schedule and stick to it.
* Keep a neat and clean jobsite at all times.
* Start the punch list and close out work well before the end of the job so everything wraps up on the scheduled date.
* If changes come up, deal with them quickly, then realistically update the schedule.

Assuming it's bid right, the biggest factor is setting an aggressive schedule and sticking to it. Schedule over-run kills profits, plus you lose the opportunity to be working on the next profitable job.
Some liquid gold here . Especially the "planning" piece resonates with me . It feels painful but helps a lot . Thanks much
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Old 01-30-2019, 03:30 PM   #35
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Re: Tips To Increase Remodeling Project Profits


Legit advice there. Sticky worthy
Quote:
Originally Posted by Fishindude View Post
* Estimate / bid the job right to start with.
* Have a clear scope of work and expectations with the client and make sure all project stakeholders understand their part in it.
* Sweat the details on material and subcontractor buy out.
* Planning, planning and more planning, always thinking ahead.
* Set an aggressive completion schedule and stick to it.
* Keep a neat and clean jobsite at all times.
* Start the punch list and close out work well before the end of the job so everything wraps up on the scheduled date.
* If changes come up, deal with them quickly, then realistically update the schedule.

Assuming it's bid right, the biggest factor is setting an aggressive schedule and sticking to it. Schedule over-run kills profits, plus you lose the opportunity to be working on the next profitable job.
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Old 01-30-2019, 03:33 PM   #36
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Re: Tips To Increase Remodeling Project Profits


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Originally Posted by Texas Wax View Post
Infighter242 ... seriously thought I saw that after while reading this thread.

Nothing else constructive to ad.
Ha ha good one :-)
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Old 01-30-2019, 04:20 PM   #37
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Re: Tips To Increase Remodeling Project Profits


We talking about running a business here, or just marketing schlock?
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Old 01-30-2019, 05:00 PM   #38
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Re: Tips To Increase Remodeling Project Profits


Quote:
Originally Posted by insighter242 View Post
So what is wrong with using cheaper materials and making them look high end . I use luxury viny tile which looks high end inplace of hard wood flooring , because it met all the functionality and met the customers budget .
I have a job client wants 3/4" x 5" distressed hickory flooring I'll just lay some LVP next to the hickory and tell them "It looks the same let's go with that for the same cost".
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Old 01-30-2019, 07:19 PM   #39
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Re: Tips To Increase Remodeling Project Profits


wow.... that back , and forth was riveting !

i laughed
i cried ,
it became a part of me
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Old 01-30-2019, 08:12 PM   #40
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Re: Tips To Increase Remodeling Project Profits


I save a lot of time and money by not dealing with aholes. Low end, high end, doesn't matter.

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