Value vs. Cost


Many of us who are trying to complete that special project have a limited understanding of what the associated costs of our home improvement project actually entail. So we find ourselves calling company after company searching for the one who we think might give us the best value for our money at the lowest cost. This limited approach is very frustrating (see Food For Thought) for all involved.

A better approach is to fully understand what Value related to Cost actually means to us. To me Value is the relative estimate of worth as compared to the cost of something. Cost is the amount paid for something based on the perceived value.

Value is more than getting something for the cheapest price. Value is getting a completed project that you love and to get compliments on that project from all who visit. The associated cost is usually modest when compared to the value you receive.

For instance, the cost of a newly completed properly renovated bathroom of $6,500.00 over ten years.

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

Total

Priceless

Priceless

Priceless

Priceless

Priceless

Priceless

Priceless

Priceless

Priceless

Priceless

Invaluable

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$650.00

$6,500.00

 

 

Initial Completion Value Cost

*for illustrative purposes only
Now imagine having to live with the same bathroom poorly renovated because we chose the lowest cost....we can't imagine because poor construction normally does not last for ten years without major repairs.

The old saying is still true..."you get what you pay for."

678-595-1182

 

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