THE FINANCIAL DEFINITION OF VALUE
Warren Buffett’s investment strategy is to pay a low price for a stock relative to its value. Buffett said, “price is what you pay. Value is what you get.”
Another way to describe value is where price and quality intersect, creating equilibrium. Of course, value is subjective. Each consumer determines his or her tastes and preferences.
Considering the subjective nature of perceived value, how do you know when you’ve received it? In the process of paying for a product or a service, if you feel content when exchanging your hard-earned cash to purchase labor (like a house cleaning service), you’ve received value.
In simpler terms, it’s when you want labor more than you want your cash. And, conversely, the laborer values your money more than they value their time (or leisure). A deal is made, a contract is signed, and finally, money is exchanged.
Ideally, value is achieved on both ends. It’s a win-win situation for each party involved.
TYPICAL MAID SERVICE CUSTOMERS
Unsurprisingly, maid service customers tend to have clean living spaces and are organized people. It’s uncanny how spotless some homes look when our cleaning technicians arrive.
After all, house cleaning customers value cleanliness so much that they exchange their money for the service. In return, they’re getting so much more. They recognize the value.
Namely, the value received from recurring (or one-off) cleaning services is as follows:
- Keeping your most prized and expensive asset — your home — maintained
- The comfort, joy, and perhaps serenity a clean house brings
- The opportunities that arise from extra free time, i.e., opportunity cost
UPKEEP OF YOUR HOME
When homeowners or renters, for that matter, maintain their most prized and valuable asset, it signifies that they’re appreciative of what they have. In a sense, it’s a duty to take care of the symbol of the fruit of your labor.
In the book The Richest Man in Babylon by George S. Clason, rule #5 is to “make of thy dwelling a profitable investment.” To ensure the home is a profitable investment, the homeowner needs to maintain it well.
The list might include ensuring that the roof stays durable, the water heater is functioning, and the foundation isn’t cracked. So too must the homeowner keep the existing structure clean and free of mold, fungus, dust, and other externalities that erode and diminish the home structure.
THE COMFORT A CLEAN AND TIDY SPACE BRINGS
As any regular house cleaning customer will tell you, a clean home brings serenity. If not serenity, then joy at least.
Their environment directly influences them. For example, I am more productive when I have a neat and tidy home office space. I’m in a better mood, and I enjoy working in the area.
Moreover, clean homes offer refuge from the bombardment of outside influence. Home is the place where you relax. It’s where families create memories. It’s where stress is relieved.
Who doesn’t enjoy sitting in their favorite cozy chair, in a clean and quiet corner of their home, reading their favorite book or periodical, and sipping hot coffee? (“Easy” Like Sunday Morning by Lionel Richie is playing in my head right now).
These feelings are predicated on that space being clean to be appropriately enjoyed. (I like a minimalist wide-open feel with high ceilings. Perhaps a minimalist loft.)
EXCHANGE MONEY FOR TIME
Basically, what you are doing when you pay for a service, like consulting or yard maintenance or maid services, is exchanging money for time. Time with your kids, time with your spouse, time for rejuvenating.
Furthermore, suppose your time is financially more valuable than the $35 to $40 per hour you’d pay maid service. In that case, paying for a cleaning, yard maintenance makes even more sense to outsource these tasks.
To illustrate, let’s say you’re a Senior Manager or an Audit Partner at a mid-level Houston-based accounting firm. Your hourly bill rates are anywhere from $150 to $350 per hour. Granted, that’s not what you get paid, but that is the rate your firm values your services.
Therefore, the opportunity cost of cleaning your house is at least $150 per hour. The opportunity or the benefit of paying someone else to do it for you is the difference in your hourly bill rate and the hourly rate you pay for the service. In this example, the benefit is $110.
It makes so much more sense for you to pay someone else to do it for you. Also note, when working hard during the busy season, you need your rest. I know from personal experience.
In conclusion, hiring a high-quality house cleaning company has many financial, mental, and quality life benefits. Everyone should hire one if their budget can handle it.
It’s a no brainer for those who have the service. Or maybe I’m just biased 😉
Hire us. We’d love to show you that we put great emphasis on providing consistently valuable service. Our employees will love you for it too.
Find out more about us here. Thanks!