This is a fun episode. We invited Tony Bickmore, the owner of Bickmore Construction, to join us and talk about remodeling/building your primary home. After Tony briefly introduced how he got into the business, Dan asked where people should start in terms of remodeling and building. Tony's answer was very straightforward: have a realistic budget. Know what's important to you, and understand the difference between "What is my budget?" and "What should my budget be?" are keys to a smooth process. Nathaniel asked what the one most important thing for clients to be aware of during this process. Tony thought that understanding the true scope of the entire project is crucial. So many of our clients ask us: is my primary home a good investment? You have to remember that asset ≠ investment. A house is not a bad asset but in no way a liquid investment. Tony summarizes it so well: the house is usually a person’s biggest asset, so it shouldn’t be an emotional decision; and yet, when it comes to doing anything with one's home, for most people, it is 100% emotional.
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