The Rule of Three

After over 20 years of managing capital projects and even longer navigating personal home renovations, I've learned a thing or two about getting a job done right. From large-scale construction to my current room-by-room remodel of our forever home, I’ve discovered one simple, yet powerful, strategy that anyone can use to set themselves up for success: Get three quotes.

It doesn't matter if you're a seasoned pro or a first-time homeowner; this single tip applies to almost any project or major purchase. Need new windows? Get three quotes. Planning to gut your bathroom? Get three quotes. Even for a significant car repair (hint: they are all significant), the same rule applies.

So why is this so effective?

1. It Clarifies Your Vision

Having to explain your needs and wants to three different professionals forces you to get crystal clear about what you truly want. The more you articulate your project, the more you refine your own understanding. By the third time, you'll likely have a much clearer picture of your priorities, helping you communicate more effectively and avoid costly missteps.

2. You Gain Expert Knowledge

Each professional you speak with should be a source of wisdom. They are experts in their field and should be sharing insights, solutions, and potential pitfalls you might not have considered. Listen to their advice and compare it. This process not only helps you understand your project better but also allows you to gauge their expertise. Combine this with their proposed cost and online reviews to build a comprehensive picture.

3. It Reveals the True Cost

This is where the magic happens. It's common for two quotes to have a significant price difference. By getting a third quote, you can quickly identify which price point is the most realistic. The third quote acts as a tiebreaker and helps you spot an outlier. You'll gain a clearer sense of the market rate for the work and can make your decision with confidence, knowing you aren't overpaying or falling for a suspiciously low bid.

Before you jump into your next project, remember this simple rule. It's the easiest and most effective way to save money, gain peace of mind, and ensure your project is a success.