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Why You Get Multiple Quotes:

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  • Why You Get Multiple Quotes:

    As some of the regulars on these forums and blogs know, I recently purchase a house with Caoineag. This house is definitly a fixer-up but liveable. Some of the first issues we needed to address for it where plumbing issues (mostly original 1950's plumbing) as water leaks and wood floors do not mix. Here are the issues that needed addressing:
    1. Drum trap from upstairs bathroom was corroded.
    2. Valve on water heater leaked.
    3. Pressure relief valve for main water into house as home inspector stated that water pressure was 110 psi, and normal is between 25 and 70 psi*.

    We had one company over to scope our sewage drain prior to closing to make sure that would not need to be repaired, and they quoted $250.

    On friday we had another company out to look at these same problems and give us a quote. Thir quote, after paying a membership fee of almost $200 which would entitle us to slightly lower cost and priority maintenance, was $1600 . You read that right $ $1550 higher. Needless to say, we politly sent them on their way and called the other company, which had someone out their that afternoon.

    After looking at the problems, the plumber let us know that we didn't need a pressure relief valve as our pressure as not as high as the home inspector indicated. After fixing the drum trap, the plumber found another corroded joint farther down the line. Overall, the entire cost was $345. The difference in price resulted from material cost from the additional T-joint that needed replacement, and then replacing some additional parts on the toilet. With the other company I doubt they would have told us that we did not need the pressure relief valves.

    So, when you are having work done on the house, make sure you get multiple quotes to avoid getting soaked.

  • #2
    Absolutely.

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    • #3
      I agree. The problem then becomes figuring out which quote to choose. Just because a quote is the lowest doesn't mean that's the one to go with as they could be using an inferior grade of materials or otherwise cutting corners to keep costs down.

      You could also pick the cheap estimate only to have them tell you mid-way through the job that the problem is bigger than anticipated and the real cost will be much higher. I hear stories like that all the time. So be careful. Check references. Check insurance policies.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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      • #4
        Absolutly. The company we had do the work was recomended by our realtor because she had worked with them in the past, and I trust our realtors recommendations without hesitation.

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        • #5
          Agreed. We saved about $14K last year doing this.
          Got debt?
          www.mo-moneyman.com

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