When looking for a service or product, a lot of people have a tendency to compare prices first. However, personal referrals or reviews can be much more valuable. The old cliche that says “you get what you pay for” definitely applies to contractors as well. Why do homeowners spend so much time shopping around trying to have their home updated for a rock bottom price when they know that their home is their biggest investment? Why take such a risk just to save a few bucks? The amount of damage that can be done by a bad contractor can often cost more than the amount of money you saved by hiring them over a higher quality contractor. We are going to give you some reasons why some contractors are cheaper and allow you to make a more informed decision from there.
The contractor has less experience
Service based businesses with less experience have a tendency to charge much less. They may be charging a low amount in order to get their first few clients and gain experience that they can use to eventually charge more, gain reviews or build a client base. This is not unusual at all. However, there are other reasons a contractor with less experience my charge less. An inexperienced contractor may not even know how to make a proper bid for the job.
They may not know how to accurately judge the amount of time it will take to finish your project. This means that they could be working much longer than they initially thought they would. This can lead to a rushed job as they may not be as efficient at getting the project done as a more experienced contractor would be. If the contractor is unable to stay on schedule , then you may be waiting longer than anticipated.
The contractor does not have insurance
This is one of the most important parts of hiring a contractor. It is necessary that your contractor is insured. You do not want to be left paying for all of those expenses by yourself in the case that your contractor in uninsured. Do not overlook this one, because anything can go wrong. A natural disaster, job-site injury, anything can end up costing you a pretty penny. An uninsured contractor is able to charge less because they are paying for one less expense.
The contractor is using cheaper materials
This is another big reasons that contractors may charge less as well. If they are spending less on materials, they have less expenses to pay for and can then charge you less money. This does however come with a price. If you are working on a residential or commercial building, you probably want it to last a long time. Cheaper materials are not designed to last very long, so the structure of whatever your contractor is building for you, may fall apart far sooner than you would like. Not only that, but there may be materials or processes that they neglect using entirely. There are all types of ways that “corners can be cut”.
Doing any type of contracting or remodeling work may require a heavy duty truck to move all of the materials. If the contractor owns his trucks, his expenses are higher. If he rents his equipment from someone like Flex Fleet, he will save money and be able to charge less.
Whether you are wanting a full scale remodel or just some windows replaced, who you hire is very important. The worst part about this is that you have no way of knowing this until it’s too late. By that time, the contractor may be long gone. Even if you can find them and take them to court, that is another struggle that is no fun to go through.