Should a Homeowner Take the Lowest Bid for a Remodel?

How does a homeowner know when to spend a lot of money on a home project versus when it is all right to go a cheaper route? When taking bids for a renovation project, it can be tempting to take the lowest offer, but if the highest bid comes in at $75,000 and the lowest is $30,000, there could be a reason the low bid is so low. Owners should look at NAR’s Remodeling Impact Report to see what the average cost of a particular project is and compare those costs to their bids. Sometimes taking the higher bid saves more money in the long… Read More
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