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So, to bottom line it, is $60k profit good given whatever income they gave up and whatever expenses they incurred in the duration of the project?
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Jane, your observation is correct - one of THE MOST stressful things a couple can go through is the remodeling or building of a new house together... I don't have exact stats, but it is up there among the top causes of divorce!
One of the worst nightmares for a contractor is also an inexperienced couple who wants to get in there and "do it themselves" as much as possible to "save".
Welcome to "Stress City"!
Invariably "she" wants to realize her life dreams, express her new found creative "genius", and create her "castle", and "he" wants to "get it done yesterday" without spending a dime...
An impossible explosive mix! Because "she" always wins. I tell you, I've seen this again, and again, and again, and I should have been paid as a marriage counselor psychologist more than a builder!
A little bit of knowledge is DANGEROUS! Because people than think they are experts, even though they don't know how to hold a hammer or trowel...
I've had a couple who decided at the last minute to change everything because she saw in such and such book a beautiful "picture"... "oh, I want it just like THAT!"... (and these people were counting pennies - working from a bank loan just to get the roof on the house)
It was a highly specialized technique used in ancient church restorations...
My answer... "Uh... sorry... but, are you crazy? Do you have any idea how much that will cost you, and how long it will take?"
Her resolute response - "I'll do it, I read in a book..."
There was no changing her mind, and so I let her do it... it took her 6 weeks of full time work together with her husband (most of the time) to do something that I would have done in 1 1/2 days (by myself) with modern techniques... for a minor aesthetic issue that added extreme complications, and further delays for the rest of the project.
The crazy thing is - they blamed me for slowing down their progress because I would try and convince them to consider other options!
Well, thank God I took on that job on an hourly basis (I saw the danger signs) - because it became impossible with their desires of wanting to participate, save money, have world class church restoration artistic quality, with the most incredibly expensive, ecological products, and be finished as fast as possible!
And they blamed me for delays!
Talk about wanting "your wine keg full, and your wife drunk!" Well, even with my colossal patience, I have my limits...
So I quit (first time ever), and now, a couple years later, that roof is still not on! They phone me asking me to come back, but I have much better things to do with my time now.
It is a big house, and they had bought it with another couple - their group participation has now dissolved... seperated... and they ran out of money, I warned them a thousand times, from the first day we met, but they thought they were the experts and knew better, even though they had never built a thing in their lives before, let alone a house...
Just for them to understand the building processes, I had to draw pictures that a 5 year old could understand... when I explained things verbally, it never went beyond the "glazed eyes"... one thing I learned over the years is that most people can NOT visualize... building is like playing chess, you have to see things several moves in advance - it's critical to avoid nasty problems.
The vast majority of people simply do not have this capacity - it's a fact.
This whole story isn't different than a client who can barely sell a $50 product with 2000 visitors, insisting they know better what their page should say, because they read one copywriting book...
But their headline continues to say:
Welcome To XYZ Site.
My Sunday rant...
T