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Explore strategies for navigating potential price increases and material delays in home renovations, particularly in the context of fluctuating economic conditions like tariffs. It suggests that hoarding materials might seem appealing but isn't the only solution.
Instead, this episode highlights the importance of well-structured contracts, such as "price locks" and "cost-plus" agreements, to secure material costs and provide financial certainty for homeowners. The discussion also emphasizes the value of working with transparent and experienced contractors who can offer insights into cost breakdowns and potentially leverage supplier relationships for better pricing, ultimately protecting homeowners from unexpected expenses and ensuring a smoother project.
By Ryan Shapiro PhotographyExplore strategies for navigating potential price increases and material delays in home renovations, particularly in the context of fluctuating economic conditions like tariffs. It suggests that hoarding materials might seem appealing but isn't the only solution.
Instead, this episode highlights the importance of well-structured contracts, such as "price locks" and "cost-plus" agreements, to secure material costs and provide financial certainty for homeowners. The discussion also emphasizes the value of working with transparent and experienced contractors who can offer insights into cost breakdowns and potentially leverage supplier relationships for better pricing, ultimately protecting homeowners from unexpected expenses and ensuring a smoother project.