Many homeowners are content to get three estimates. That’s OK if you’re installing a new sink, but a real mistake for a major project like whole house repainting or remodeling. Jeb Breithaupt is a remodeler in Shreveport, LA, this article from the Shreveport Times explains very clearly that there’s a better way to choose a contractor.
“I don’t know how it became common knowledge among homeowners that the best way to hire someone to remodel your home is to get three different bids for your project.
I’d call that a fallacy for two reasons. First, you might think you’re going to get apples-to-apples prices to compare, but you rarely do. Second, if your goal is to find and hire the lowest bidder, prepare yourself to accept cheap products and crummy service.