Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

US remodeling boom

Discussions about the economic and financial ramifications of PEAK OIL

Re: US remodeling boom

Unread postby MarkJ » Thu 09 Feb 2012, 09:22:09

$this->bbcode_second_pass_quote('', 'W')hat do you pay them? $10 to $20 hr, No wonder............. You want a top-notch A/C sub, it will cost you $100 hr.


We have our own HVAC/R techs, plumbers, electricians, mechanics, construction workers etc.

We generally pay subs based on the job, not by the hour, that way they don't have an incentive to milk the job, plus we have time limits and/or incentives.

How much subs make per hour depends on how fast they and/or their employees can work while still maintaining quality.

When we perform plumbing, heating, cooling, refrigeration and electrical work for other contractors, installations and some upgrades are generally quote or flat-rate jobs, while service, repairs, annual service, same day service and emergency service are time and materials jobs.
User avatar
MarkJ
Tar Sands
Tar Sands
 
Posts: 649
Joined: Tue 25 Mar 2008, 03:00:00

Re: US remodeling boom

Unread postby vision-master » Thu 09 Feb 2012, 09:51:13

$this->bbcode_second_pass_quote('', 'W')e generally pay subs based on the job, not by the hour, that way they don't have an incentive to milk the job, plus we have time limits and/or incentives.


How do you pay subs by the job on a service call. :lol:

Subs bid on jobs, they don't beckon to your control. Classic scammer, you call em subs, yet control em like employess. :lol:

Do you supply trucks, tools and fuel - nope.
Do you provide benefits - nope
Do you control when and where they work, and how much they get paid - yup.
Do you have direct control over them, how they do the job and so on - yup.

Typical Rethug. 8)
vision-master
 

Re: US remodeling boom

Unread postby MarkJ » Thu 09 Feb 2012, 10:53:27

$this->bbcode_second_pass_quote('', 'H')ow do you pay subs by the job on a service call.


We generally don't. We have our own workers that perform, service, repairs and installations.

We also work with several other companies and independents. We take care of many of their customers when they're swamped with installations, or emergency service.

Method and amount of billing/payment/barter plus equipment, parts, parts-markup, salvage etc are determined on a case-by-case basis.
User avatar
MarkJ
Tar Sands
Tar Sands
 
Posts: 649
Joined: Tue 25 Mar 2008, 03:00:00

Re: US remodeling boom

Unread postby vision-master » Thu 09 Feb 2012, 11:04:45

I know a furance guy that just quit due to the economy, $1,000 day's were normal.
vision-master
 

Re: US remodeling boom

Unread postby MarkJ » Thu 09 Feb 2012, 14:57:18

$this->bbcode_second_pass_quote('vision-master', 'I') know a furance guy that just quit due to the economy, $1,000 day's were normal.


The big bucks are in retrofit boiler installations. A top performing independent can make themselves 2 to 3 K per day, plus salvage value of newer used equipment. Some boilers we replace are worth a grand plus in the second hand market.


Business is booming in Saratoga and surrounding counties.

When the economy is bad, we generally have less preventive maintenance and annual service, but more emergency service, repairs, fuel runouts and equipment failure/replacement due to customer neglect.

Much of the heating fuel is paid for via HEAP/Emergency HEAP, plus much heating equipment maintenance/repair/replacement is paid for via The Heating Equipment Repair and Replacement Component of the Home Energy Assistance Program, or The Disaster Assistance Program.

They've raised income limits and grants substantially. They'll pay up to $6,000 to keep a heating system operational, or more on a case by case basis.

http://otda.ny.gov/programs/heap/program.asp#repair

We were flat out for months due to flooding in surrounding regions. Tons of salvage as well.
User avatar
MarkJ
Tar Sands
Tar Sands
 
Posts: 649
Joined: Tue 25 Mar 2008, 03:00:00

Re: US remodeling boom

Unread postby Maddog78 » Thu 09 Feb 2012, 18:18:23

I just booked a contractor friend, who is slow right now, to remodel my kitchen and two bathrooms.
We've been in the same house for 20 years and it was time.

RE and remodeling have slowed down in our area this year. (Vancouver, B.C.)
About time. It's basically been a 20 year boom with only brief slow periods the past two decades.
If it stays slow the rest of the year it will be a real education for many of the younger RE agents, mortgage brokers, trades people, etc. They only know that RE always goes up. They've never seen anything different.
It's been easy for them to ignore the headlines from the U.S.A. about Las Vegas, Phoenix, Miami, etc.
It could never happen in Vancouver. Could it? :o
User avatar
Maddog78
Heavy Crude
Heavy Crude
 
Posts: 1626
Joined: Mon 14 Jul 2008, 03:00:00

Re: US remodeling boom

Unread postby Outcast_Searcher » Thu 09 Feb 2012, 18:43:27

Good discussion.

Some observations:

1). There are a LOT of relatively low skilled (i.e. no college, etc) but honest decent folks who have lost jobs in construction or in manufacturing, etc.

2). In my experience, many of these people are willing to put in a fair day's work for a solid middle class wage (say $20ish an hour) with no benefits. Seems like a fair balance to me if you want good work done and don't want to fiddle with government nonsense for simple jobs.

3). In my experience, you can hire a pro to consult on a job and get the layout of the rules, what needs permits, what is safe, etc. It might make sense to have the pro do the tough work, ensure your the contracter is there for the discussion, and let the contracter do the "normal" or "easy" work.

4). Let's face it -- the depression era folks are dying off now. Sad, but a fact of life. Many of these people (unlike the younger generations) HATED to spend money -- or were getting too old to expend the energy or endure the change that proper home maintenance entailed. So, one might be able to buy a good fixer-upper with excellent "bones", but needing 20 years or more of cosmetic, finishing, and update work to be safe and pleasant to live in.

5). Per item 4, one might be able to both help out some unemployed folk(s), and get the help they need themselves getting some good, honest labor done. In my book, everybody wins that way.

6). If I give my money to "charity X". unless I do a LOT of research or know the folks behind the charity -- I really don't know how much good as actually done, net. Even honest charities may have plenty of waste, administrative BS, biases, etc. -- I've seen it. Now, if I employ some decent out of work person for a decent living wage -- I can KNOW that I am helping someone, and not helping create another helpless or charity case.

7). It seems to me that with all the relatively cheap real estate there is out there that there ought to be some room to get some of these people some work. As long as one uses common sense and doesn't let people do dangerous work with no supervision or permits -- I don't see the harm -- even if they don't (for example) drive a truck with a giant contractor's sign.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
User avatar
Outcast_Searcher
COB
COB
 
Posts: 10142
Joined: Sat 27 Jun 2009, 21:26:42
Location: Central KY

Re: US remodeling boom

Unread postby vision-master » Thu 09 Feb 2012, 19:58:52

$this->bbcode_second_pass_quote('', '1')). There are a LOT of relatively low skilled (i.e. no college, etc) but honest decent folks who have lost jobs in construction or in manufacturing, etc.


Also there are a lot of low skilled college educated ppl. 8)
vision-master
 
Top

Previous

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 1 guest

cron