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Budget Discussion and Options

2:45
14:46
10.5K views

At 2:45 in

His MISTAKES running a Construction Company. pt2

What happens here

The discussion pivots to the importance of discussing the client's budget. The host (as a contractor) argues that a clear budget is essential for providing suitable options and aligning expectations. He differentiates between offering options for a countertop at $5 or $25 per square foot, emphasizing that a budget allows for tailored solutions. Gabe admits he doesn't always directly ask for a budget, finding that clients are sometimes hesitant to disclose it.

Goal: Establish client budget early to align project expectations and options

What they say

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minute consultation with you and I will go through the condo with you and so now let's pretend I'm there with you okay now a question would you run out without getting a budget first I would screen them a little bit but what I've learned about that budget question I'm asked that budget question before and sometimes people aren't gonna always tell especially if it's a if it's a huge condo remodel it could be fifty thousand dollars it could be two hundred and fifty thousand dollars and so a lot of times people really don't know what they're getting into and I feel that sometimes they need a little bit of an expert opinion like hey just so you know in this building like the electrical is a nightmare and it's gonna cost 30 grand to redo the electrical they don't know things like that I don't really get into the budget question too much to be honest with you so I'm gonna play devil's advocate and tell you they don't know what they're getting into but they know how much money they have to spend yeah every single person knows how much money they had to spend so how I know I'm gonna be you yeah I'm gonna say so here you asked me the question I says before we know what I what I would say is before I come out there what's gonna really help me do the best job for you is if we have a budget number in mind and we have some pictures of things that you would like to accomplish this is because what I'm when I come out there what's gonna happen game is I'm an artist I'm gonna be able to look at this and I'm gonna be able to put in a comment for you that costs five dollars a square foot or a countertop that costs $25 a square foot and if I have an idea of where your budget lines I can start to give you options that fall within your budget but also we can match up to those pictures that you so much like so that we can actually create something in the end you're comfortable with the price and you're comfortable with the look so the first thing that I'm going to request from you is a budget so that we can get off to the races running like like like it's nobody's business so that's how I would approach that that may not always be right but that is literally how I saw my landscaping jobs because I there's so many options so much variety I want to hone that in because I don't want to waste my time going out knowing that they've got $30,000 an electrical repairs here and a $50,000 budget but they want to completely gut the house right yeah no I love that and one of the reasons I…

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