Some see a benefit of franchising as "entrepreneurship under the safety net of a tried-and-true business umbrella" but forecast a 1.2 percent decrease in franchise businesses during the 2008-2009 recession. In 2005, according to a survey released by the Washington-based International Franchise Association showed 909,000 franchised establishments in the United States employing some 11 million people. Franchises offer training, advertising and information technology support, lower procurement costs and access to a network of established operators.
A 2018 HomeAdvisor survey found that homeowners underestimated the cost of fixing or updating just about everything in their homes. When it came to interior painting, for example, survey participants estimated the work would cost $734. But the national average is $1,744. One of the few items they overestimated was a new toilet — the average is $370, not $405.
Before you go through the trouble of repainting a ceiling to get rid of a water stain, try this trick. Spray the spot with a bleach and water solution (10 percent bleach), and wait a day or two. If it’s an old stain, use a mold and mildew remover from the grocery store. You’d be surprised how often the stain disappears by the next day. It works on both flat and textured ceilings.
In theory, the cost of building-wide improvements should be less in a condo because it is spread out across dozens of residents, and the sheer scale of the project could lower the overall price. But it does not always work out that way. Condo board members are volunteers who may not be skilled negotiators or knowledgeable about construction. They may take the first bid they get, or agree to more work than is necessary. If complications increase the cost of the job, residents won’t necessarily know. “This is one of the potential downsides of a condo or co-op scheme,” said Eric D. Sherman, a real estate lawyer and partner in the New York office of Pryor Cashman. “Lots of the time, boards are under the gun. They’re not paid for their efforts, they take the first bid from the first contractor that they see and they say, ‘sign me up.’”
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