The Process of Preparing a Home Remodeling Cost Estimate

 

When you request a home remodeling cost estimate from a contractor, you can expect a slight change in price but sometimes there can be a substantial difference from the highest cost option to the lowest cost option. What causes there to be such a big gap between estimates for the same job? Below are some of the key factors that go into a project estimate. Hopefully, knowing these factors will help you understand the estimating process and avoid unnecessary costs.

Factors of a Home Remodeling Cost Estimate

Materials

One of the most important factors of an estimate relate to the materials that will be used. Do the materials need to be shipped in from another state or country? Are there alternatives that are less expensive? Does the contractor have experience working with the material?

If a contractor gives you an estimate that is lower than estimates from other contractors, make sure the materials they plan on using are the same. They may intend to use a lower quality material to save money.

Labor Costs

Another key factor to every estimate is the number of man-hours it will take to complete the project. If the project is large, such as a three room remodel, the number of man-hours necessary will be significantly higher than that needed for a bathroom remodel.

If an estimate comes in at a lower price than other contractors and the materials used are the same, see if you can figure out how many people they plan on using for the project. For example, if they plan on using four workers for 60 hours each, that totals 240 man-hours. If another contractor thinks he can do it with only three people working the same hours, the total number of man-hours is reduced to only 180.

Site Location/ Condition

This factor is more subjective to each individual contractor, but they may increase their estimate if your home is outside their normal area of work. They may also factor in the condition of your house or if the room is very cluttered.

Schedule

Finally, your estimates will be determined by the timeline in which you expect the job to be finished. If you need a project to be finished right away, the estimates are going to be higher than if you have a more loose deadline.

 

If you are interested in getting an estimate from SEA Construction, it’s really easy. Just head over to our Contact Us page and tell us about your project.

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