BUSINESS POINTS IN BUILDING.
CHAPTER XXXVII.
LOW-COST HOUSES.—METHODS OF MAKING CONTRACTS.—ARCHITECTS’ ESTIMATES.—BUILDING BY THE DAY.—THE SAFEST PLAN.—GUARDING AGAINST LIENS.
A low-cost, well-built house is sought by all. The cost of a house is largely a question of business management,—one of knowledge. Before considering the details of contracting for the building of a house, there are a few general points which should be mentioned. First, it never pays to make a contract to have a house built for less than it is worth. In order to get a good house, it is necessary that there be a margin of profit for the builder. Second, a good house from a constructive standpoint can only be built by competent mechanics. One may contract for the building of a house for less than it is worth with parties who are incapable of doing first-class work, and require a bond to secure the faithful execution of the contract. A contract or a bond cannot make a man do good work if he does not know how to do it. It will not save anxiety or trouble. It may indemnify against actual damages, but never against trouble and vexation; nor can it compensate for poor work done in building a home. This matter is mentioned because it is the fault of a great many people, who are inexperienced in building, that they are disposed to have work done for less than it is worth. It does not pay.
It may be remembered, however, that one builder may be able to build for less than another. One may have more energy, tact, or general ability than another. He may have better credit; may be a better buyer. The result is larger accomplishments.
In speaking of low-cost houses or cheap buildings, it is not to be understood that they are cheap or low-cost in the sense of being common or frail. I mean first-class houses at a relatively low cost; low cost in a business sense, the best for the money.
We often hear the statement made that one can tell nothing definite about the cost of a house until it is finished. One can come as near knowing what a house will cost, as he can to knowing what he wants before he begins. One can get prices on what he has in mind, if his ideas be expressed. He cannot get prices on the unknown. The expression of one’s ideas of a house is through plans and specifications. The fact that architects’ estimates are often too low is because the owner is not sufficiently informed in house-building to know what he wants until after the estimate is made. The owner usually expresses a price that he wishes to pay for his house before he expresses his idea. It may be well to illustrate this.