Guidance Pricing...Gasp!

Today at 4pm we will be looking at 3D renderings of the interior space which should be pretty cool. In addition to the fun part of the meeting, we will also be receiving "guidance pricing" which is a ballpark cost of the project as it is drawn up for us. This makes me a bit nervous. This is the part of the process where we come back to reality.

If the price is exorbitantly high, I would like to produce at least some sort of smart ass comment around the fact that something shouldn't have been designed in a manner that could have never been afforded in the first place. To me that would not be properly managing client expectations based on earlier conversations. In other words, don't design a $200K project if the budget is $100K. I really have no idea how this will turn out. Perhaps I should bring the "badger" to ensure things go smoothly:

Maddie a.k.a. "The Badger"









Our project is significant for the builder and would represent is decent chunk of income for them so it's in their interest to not go too far overboard with the pricing. I feel that our budget is large enough to cover 85-100% of what we want to do.

We're starting to look into mortgages this week too... Given the current market trends, I hope the bank appraisal of the property is at least in line with the tax assessed value of the home. If not, my next call is to the county. Our area hasn't been affected too badly yet.

I'll post again after the meeting this afternoon.