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By Perry Lyons

Building a custom home- get an estimate not a guestimate.

What do you mean estimate verses “guestimate”?

An estimate for a construction project is arrived at much like an estimate for your car repair after an accident. You list the parts and labor and give an estimate. With one huge exception: the construction estimate does not have a standardized cost manual like the automotive repair center does. Additionally, there are many more products to define for the end cost. For this reason, you must be sure that your building contractor is giving you a good detailed estimate, and not just a “guestimate”.

A detailed estimate will always have “take off” information that drives the list of final costs. If you get a lump sum cost for your project, ask your builder for an itemized list of costs that produces the final number. Ask for the details that define the itemized list of costs. This assures a detailed estimate, and most likely a pleasing and enjoyable final result.

If someone quotes a per foot price, beware! There are no details tied to that figure, and something as small as a faucet or specified window manufacturer can alter the per foot price by thousands of dollars.

Download our detailed cost estimate here.

Filed Under: Building Costs, Custom Building | 2 Comments

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Comments

  1. Rachel Hurley says

    May 19, 2011 at 12:45 am

    I ‘m new in blogging and have just run myown blog and currently I ‘m doing my best to learn as many as I can about this kind of thing. I truly like this blog skin, can you tell me what layout is that? Is this customized layout or is it paid one? However I don’t have the funds to have paid template nor got the ability to custom design myself. Sorry for this newbie question, thanks.

    Reply
    • Perry Lyons says

      May 19, 2011 at 3:47 pm

      Thanks for following along on our site. We’re using a paid theme from iThemes that’s been customized.
      Thanks again.

      Reply

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