Warning - Special Edition for Homeowners only -4 of 5 "Price Trap: Why Cheap Can Cost You Everything

When it comes to hiring a contractor for your remodeling project, you’ve probably heard the advice: “Get three estimates and go with the best price.” It’s common wisdom, passed down over decades. But here’s the thing—it’s a trap.

Yes, it sounds logical. After all, comparing prices works when shopping for cars, electronics, or groceries. But your home isn’t a commodity—it’s a deeply personal space. Choosing the cheapest remodeling bid might save you money upfront, but it could end up costing you everything in the long run.

In this post, we’ll explore why the “three estimates” rule often fails, what homeowners should focus on instead, and how to make the best decision for your remodeling project.

Where Did the Three Estimates Rule Come From?
The idea of getting three estimates likely started as a consumer protection strategy decades ago. Back then, homeowners had fewer ways to verify a contractor’s credibility. Online reviews, certifications, and robust referral networks didn’t exist, so comparing three bids was a way to spot red flags, avoid scams, and gauge market rates.

But like many pieces of advice, this concept has been taken out of context. People follow it without questioning its relevance today. Think about it: how often do we do things simply because that’s the way it’s always been done?

Here’s a relatable example: Imagine someone telling you to soak rice before cooking it. They might insist their grandmother did it, so you should too. But if you look deeper, you’d find this practice was necessary decades ago to remove impurities in rice processing. Modern rice doesn’t need this step, making the advice outdated and unnecessary.

The same applies to remodeling. The 'three estimates' rule might have worked in the past, but it doesn’t address today’s complexities in remodeling. Without proper context, it’s flawed and can lead to poor decision-making.

Why the Lowest Bid Is a Trap
Homeowners who focus solely on price are likely to face several pitfalls:

Estimates Are Often Inaccurate
Most homeowners don’t have a proper design or detailed specifications prepared when they seek estimates. Without a clear scope of work, estimates are often guesses rather than precise numbers. Comparing these apples-to-oranges quotes is not only confusing but also risky.

Cheaper Often Means Corners Are Cut
A low bid might look appealing, but it often means the contractor is cutting corners—using inferior materials, rushing the work, or undervaluing their time. You may save money upfront, but you’ll likely pay for it later in repairs, delays, or even starting over.

It Shifts Focus Away from What Matters
By focusing on price, you risk overlooking the most important factors in a successful remodeling project: trust, communication, and professionalism.

What You Should Focus On Instead
When choosing a remodeler, price is just one piece of the puzzle—and often not the most important one. Here’s what to prioritize instead:

1. Trust and Comfort
Ask yourself, “Do I feel comfortable with this person or company?”

Are they someone you can trust in your home, around your family, and managing a significant investment?
Did they listen to your goals, concerns, and vision for the project?
If you can see yourself enjoying the process of working with them, that’s a strong sign you’ve found the right fit.
2. Responsiveness and Communication
Do they respond promptly to your calls and emails?
Are they professional and respectful during consultations?
A responsive and communicative remodeler will help prevent miscommunications and ensure your project runs smoothly.
3. Attention to Detail
Did they inspect your space thoroughly and discuss potential challenges?
Do they provide a clear, detailed proposal instead of vague promises?
Attention to detail is a hallmark of a professional contractor.
4. Systems and Processes
A reliable remodeler has systems in place to guide your project from start to finish:

Agreements and Paperwork: Are the terms clear and professional?
Transition from Sales to Production: Do they explain how the work will proceed?
Completion Process: Do they have a system to ensure your satisfaction when the job is done?
5. Reputation and Track Record
Check reviews, testimonials, and portfolios.
Look for certifications or memberships in professional organizations.
These elements are far more valuable than a low bid—they’re indicators of a successful and stress-free remodel.

The Hidden Cost of Cheap
When you choose the cheapest contractor, you’re not just saving money—you’re taking a gamble:

Delays and Disappointments: The lowest bidder often underestimates time and resources, leading to unfinished or delayed projects.
Emotional Stress: Poor communication and rushed work create tension and frustration.
Future Repairs: Cutting corners now often means expensive fixes later.
Remember, your home is a long-term investment. It’s worth paying for quality, trust, and peace of mind.

A Better Way to Approach Estimates
If you still want to compare bids, here’s how to do it right:

Start with a detailed design and spec sheet. The more precise the details, the more accurate the estimates.
Evaluate the remodelers’ qualifications, communication, and professionalism.
Choose the contractor who makes you feel confident and excited—not the one with the lowest price tag.
Final Thoughts
The goal of hiring a remodeler isn’t to save the most money upfront—it’s to create a space you’ll love, delivered by a professional you trust. The cheapest bid often comes with hidden costs, while a trustworthy remodeler delivers lasting value.

So, next time someone tells you to get three estimates you will know better & will resist the urge to pick the lowest bid, you can resist the urge. Your home deserves better.

​For more insights into choosing the right contractor, check out The Consumer’s Guide to Home Remodeling, available now. And if you’re looking for remodelers trained in professionalism and excellence, visit The Remodeling Academy’s directory for top-rated pros in your area.