Not sure how a custom house build quote works...
8 years ago
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Before the Design Dilemma: Comparing quotes - what you need to know.
Comments (14)Excellent article that parallels many of the same issues faced by professionals in other trades and related or aligned industries. 1. On the subject of Budget. There seems to be an almost universal reticence on the part of potential clients to withhold information on their budgetary constraints. In my many years of experience in business within my own industry, I have yet to find, or even hear of a story, of a reputable provider who has intentionally 'padded-out' a quotation to meet the limits of a budget disclosed by the client. Obviously, trust is the issue here, and I suppose understandable. However, you can build confidence in your selection of providers by checking carefully their credentials and, preferably customer testimonials/recommendations if they are available to you. With a 'known' budget limit a provider can design a solution that provides the best value for money. The correct trade-offs can be made over elements that make up your eventual quotation in a way that does not compromise the overall quality of the solution you are presented. You may not be able to incorporate all elements of your 'wish list' but you give the provider/supplier the opportunity to work with you in arriving at a quality solution that doesn't skimp on the important, and often required, elements of your solution design. From the supplier/providers point of view the amount of time and effort providing you with a solution quotation that provides optimal value can be vastly minimised. - I don't know how many times I have provided quotations to potential clients who are unable or reticent in disclosing their budget, only for them to fall over, when the quoted price is way beyond the amount they are willing or able to spend. When this happens, it leaves a rather bad taste in the mouths of all parties; with the provider/supplier now perceived as 'over the top' with their pricing, and the provider having to 'rework,' (if lucky enough to be given the opportunity to do so), the quotation in light of the 'now disclosed' budgetary constraints. Of course, often as not the potential client moves on to another provider/supplier, educated and informed by the first provider and is able to direct the second provider with a revised specification (and associated design decisions) courtesy of their interactions with the first provider who will ever be thought off as 'over the top.' I can only emphasise the point, that providing an indication of your budgetary range or limits, is so very important and may well save you from missing out on the benefit of working with a reputable supplier/provider.- Instead, you may be left with a provider that has made an easy sale having being given a shopping list or manifest of the required solution components, with the hard work and expertise required to define the solution, already completed and provided by the client. 2. On the subject of quotation detail, I have always provided a complete quotation breakdown so that the customer can clearly see what is included and what is not. In my business branding is as important as feature lists and component specifications, as the information detailed in the quotation should speak of the calibre, quality and functionality of the solution you have been quoted on. For a supplier/provider. this can sometimes be a two-edged sword, as it provides an easy pick-list for the next supplier/provider, who once again may simply counter-quote the solution and undercut pricing on the same components that make up the first provider's quotation. Alternatively, cheaper, often inferior elements of the solution may be substituted, in order to provide a clear price advantage, which 'sad to say' at least 50% of the population will opt for (imho); with claims of superior quality, reputation and after sales, warranty and service benefits, sacrificed by clients who value price over just about anything else. Of course, in many cases these are not the clients we are targeting with our own business, but that does not prevent a lot of time, effort and expertise being wasted; and in a lot of cases, as already described, expertise that is simply given away to a usually, lower-tier player in our market. 3 On the subject of Project vs Custom. I will not repeat the excellent points made in both the article and some of the comments above. In my own business we only manufacture custom product (Drapery). One point I will make is that reputable suppliers/providers in any market have usually been in business for a considerable time (30+ years in my case). If you produce crap, you do don't tend to survive in business over the long haul. Reputable providers/suppliers have built quality long-term relationships with the providers in their supply-chain, and often as not it is word-of-mouth recommendation that provides much of your custom. Word-of-mouth recommendations are typically the product of an 'impressed' and 'happy' customer. You will pay more, but with the reputation of the provider/supplier on the line each an every day, there is little scope for 'finger pointing' when we the supplier gets it wrong, or if a problems or issues are experienced post sale. - We have far more on the line, and as a result, do very much 'give a damn' as do our delivery partners with whom we work, to ensure that no chinks develop in our collective 'reputational armour' and that you receive the premium value you paid for....See MoreBuilding our first home - would like feedback on the floorplan
Comments (20)Changes cost an absolute bomb so consider your modifications carefully Joy. Looking at both plans you've not altered the design much rather you've moved rooms around whilst trying to retain the original content. Some rooms appear less usable as a result. The #2/bed/study is one, seems too small, even the guest bed seems smaller and it didn't appear large to begin with. Without room dimensions it's a bit tougher to make comments however. I wonder why you made the guest bathroom a powder room given the location is such that it won't be used as frequently as the bathroom off the main living area? Sure put the doorway into the guest room so the bathroom can service the bed/study too but don't lose the shower up there. Nothing worse for guests than having to pad through the main living area in their pj's to the shower or worse with a towel wrapped around their middles on the return trip to get dressed. It's enough to put some off their cornflakes! I'd seriously rethink some of those changes Joy they will cost you a lot with little gain methinks. I'm sorry to sour the mood I know it's an exciting time but I'd hate to see you make expensive and possibly unnecessary decisions....See MoreHome Owners Warranty Insurance (Home Building Compensation Scheme NSW)
Comments (5)Absolutely, 100% ;) .....interestingly with that homeowners/builder's warranty, it's arguably a big fat farce.. because if push ever comes to shove they have limits on how much will be paid out regardless of the job cost, and it's a ridiculously low blanket cap like $197K......apparently it's only rarely ever paid out to even that amount and it's only in the case of say a builder dying or going bankrupt with unfinished works....so it never ever covers the whole build costs even though it's based on the contract sum...how dodgy is that! - shows who's really making the money in this game ;) ........so siriuskey absolutely great/sound advice to have as much insurance in place as soon as the building is completed, so if it unfortunately burns to the ground at least it's covered by a home policy....but cross your fingers while it's in construction and hope for the best!!!...See Morebuilding a narrow house in Perth
Comments (5)Hi Kel, without looking at your budget or plans properly, I'd say that your budget is impossibly tight, with an estimated cost at $1200 per sq m and the kind of home that you are going to get for that, you won't be able to save money as the builder will almost definitely be able to do it cheaper than you can and if not, they'll probably not be interested in the hassle of dealing with other third party contractors. You have mentioned the size of the property that you want and the price of the property that you want but you haven't mentioned the quality of the project that you want. Have you considered talking to an architect or building designer? Their initial consultation will be either free or very inexpensive? They might be able to steer you in a direction that allows you to have a smaller home of higher quality, or look at ways of phasing the build so that you don't need to construct everything and therefore pay for it upfront. Especially if you are open minded to creative solutions. Let me know if you would like to chat....See More- 8 years ago
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