Transforming home remodeling into a safe and hassle-free process…
Fraser Patterson, Founder/CEO of Bolster (a soup to nuts renovation platform built atop a powerful new process. offering the best architect and general contractor for your home renovation project and together use a suite of budget & project management tools) joins hosts Thomas Kutzman and Scott Pollack in the MouthMedia Network studios powered by Sennheiser. Presented by Prevu.
Traditional vs. marketplace, from online selection to a detailed call, and catering to flexible needs
Patterson reviews marketplace vs. traditional approaches. Traditional involved finding a contractor – a marketplace model can do a disservice to homeowner, not trying to solve the problem downstream but instead solving a matchmaking need; with the model aggregating demand and selling leads to professionals, creating a competitive environment bad for service people and with the homeowner getting less info. How Bolster is different, overcoming the usual Illusion of choice in marketplace. Consumers get direct matches, better than just a marketplace. How Bolster knows what a homeowner wants from an architect or contractor, allowing the homeowner to identify online and auto select in a qualification process, discovering things they need to know about their project, then jumping on a detailed call with specialist. How Bolster offers a wide range of opportunities and types of jobs and contractors. The opportunity to cater to several types of needs: flexibility of scope of work and budget, with others on a fixed budget but flexible on scope, and then those with strict scope of work but a more flexible budget. And, how it all comes down to educating the consumer.
Cost overruns, reality shows, and saving real money
Examining the average cost overrun of 60% in NYC, which is usually not planned for. How one can probe in advance, slowing down before construction begins, getting the right info. How, if done properly, constructions can be very plug and play, and how with Bolster across projects they boast a mere 0.1 % cost overrun, which Bolster absorbs. How most consumers can’t enjoy results emulating construction-themed TV reality shows, and how Bolster can save the average homeowner $59k/project as well as time.
Yorkie Bars, a price guarantee, and scaling nationally
A special snack offering of Yorkie Bars, how Patterson started as a carpenter, and has a mathematics degree. Direct/indirect costs of builds, and a detailed review of all of the elements of the construction process and budget. The importance and desire for transparency and Bolster’s cost guarantee, thanks to their insurance partners. How Bolster offers what can be seen as a full-stack experience, and the offer of a best price guarantee. The plan for scaling nationwide, news of recent major acquisition, and following a calling to solve this problem by building this business.