Horror Reno Stories Ep 3
Ever heard of this thing called “reverse pricing” for renovation?
It means that the ID purposely maximises your budgeted amount (eg. $40k) even though what you requested for is less than that.
Watch our tiktok video on this if you lazy to read.
So this ID called N was referred to the homeowner through a mutual friend, who had a strict budget of $40k.
Post quotation, it was in excess of $40k.
The homeowner then decided to reduce the items from the quotation so that it was $30k+, nice.
Thereafter, N told them that the “package” they signed didn’t cover certain things such as service yard, and that they had to top up.
The total amount thereafter? $40k.
Cutting even more things in lieu of VOs (variation orders), the budget went back down to $30k+. They then proceeded.
During the renovation, the homeowner then wanted to do a small storage door.
N then quoted them, such that the final figure went back to? Yes, $40k.
Even the other items such as electrical etc., N was not able to quote them directly and said he had to go back to check. If the ID is experienced/transparent enough, this should not be the case at all.
At the end of the day, after the multiple back-and-forth, the cost went above $40k, and the homeowner asked N for a discount.
N then provided a $100 discount, but said that this other thing had to cost $100 more, so net net zero.
Amazing ID, seriously.
Oh, and of course many of the works were subpar, needless to say, but by this point, the homeowner just wanted to distance from N, and got other contractors to do the repair works.
While this might not be the worst renovation story, it’s equally frustrating that homeowners have to go through this, so if you are starting your renovation, do beware of this, and read about more incidents here to avoid them!.
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