Time vs Money which is more valuable?

Question

I just finished with a project where I had to use my plan B handyman.  He is cheaper than any reasonable contractor and is reliable.  The one draw back is that he is really really slow. If I would of paid 500-700 more I could of had a job done in hours as opposed to days.

From past experience I know you get what you pay for but the time that it cost me was frustrating.  The job looks good but I could of been on to some more lucrative things.  I would like to hear from the members what they value more.  I need to relieve some steam because that extra money I saved may not have been worth the piece of mind.

Joe Villeneuve · Answer

Time...you can always get your money back.

Mike Jury · Answer

You made the decision when you chose the handyman.  You thought money was more valuable than time.

Now, after the fact, you are second guessing the decision.  As in all real estate decisions, you have more information and knowledge than before.  Close wisely next time!

Alexander Felice · Answer

Maybe you can motivate him to move faster by setting expectations better.

To answer your question, money in infinite, time is (terrifyingly) finite.

With that said, it's hard to find good contractors, even slow ones. I would invest in him a bit and see if you can get him ambitious about reaching goals faster.

Christopher B. · Answer

price, speed, and quality. Pick 2. For me quality can't be sacrificed, we don't slap stuff together. I need to make money so I tend to sacrifice speed of the 3. There's a line though and seems you feel he may be top slow. Try a new guy on the next small project you have. Keep a close eye on him at first. Ive been contemplating the same dilemma though as I look to scale my business up, I know I've missed out on some money myself.