Every house has a story to tell; a family tale, if you will. When you feel that your house is failing in telling that story, you know your abode needs a remodeling. Not only does the renovation restore the house, but it also restores the family tale. And remodeling of any house requires an estimate which can be made with remodeling estimate templates.
8 Steps to Make a Remodeling Estimate
Step 1: Provide Details and Contact Information
While making an estimate, the first and foremost thing that you need to do is to include your details. You as the contractor need to make sure that the customer is able to easily identify you and contact you. That is why you need to provide information such as your name, the address of your company or office and your contact information. When a prospective customer has hired you, you also need to provide their details in the estimate to make the document official.
Step 2: Define the Summary and Plan
Remodeling workers typically have many duties, such as lighting setup and wiring, floor renovation, putting in structures, ventilation, and several others, within the general venture. Because there are so many moving parts involved, composing an overview and a schedule of how the job will be starting and progressing to be eventually accomplished is necessary. Writing down the plan and a summary of the project is the second step of the estimate.
Step 3: Specify the Resources and Manpower Required
A remodeling project is a vast enterprise. Hence, the resources and manpower required for its execution are also quite huge. The raw materials required and the labor needed to execute the work depends on how much and what parts of the building structure the client wants to be remodeled. All building activities involve some amount of equipment, hours of manpower, documentation and design management. Because a remodeling job requires knowledge from other pros, preparing to bid the job is a good idea.
Step 4: Determine the Costs
The most important part of the estimate is determining the costs. Costs are probably one of the most significant components of the assessment. It is essential to be as comprehensive as necessary and to take into consideration any mixed products. There are a few common costs that require special attention because they are either fragile work and/or they require extra raw materials, manpower and added finances. These include demolition work, testing, and similar others.
Step 5: Specify the Payments
It is always advised to let the client understand what you’re expecting, as far as financial requirements are concerned, to clear up any problems before starting any of the jobs. Which is why the estimate should include a payments section. Make your billing strategies and timetable known to the client as well as how you manage payments for any products. Providing this data in advance will guarantee an on-time deposit in the future.
Step 6: Determine Emergency Costs
Believe it or not, remodeling works involve a lot more emergency costs than you would think. It’s an intelligent notion to have some kind of retainer quantity for the unknown with any remodeling work. For instance, it might be that the demolition work caused more damage than expected and will require immediate renovation. Or sometimes, it may happen the damage that has happened over a period may have to be resolved before the work continues.
Step 7: Specify the Permits
Make the client conscious of any licenses and/or permits required to do the work by providing them in the estimate. Licenses for residential construction differ by town or county. Be conscious of what you will need for your remodeling and inspections. Specify the required permits clearly and in detail in the estimate in a separate section.
Step 8: Do a Walk-Through
Once you have all the elements of the project in one place, you can make the final estimate. But before that, the contractor just needs to ensure a few things. A walk-through is one of the most significant measures that a contractor can take to ensure that the work is suitable for his company. When you are sure of this and the client’s needs, he can make the estimate.
6+ Remodeling Estimate Templates
1. Remodeling Estimate Template
Are you a rookie at making remodeling estimates? Don’t worry, because we are here with this estimate sheet template. This file is very simple and easy to use especially for someone who is not an expert at making remodeling estimates. The file can be downloaded in Google Docs, Google Sheets, Word, or Pages format.
2. Basic Remodeling Estimate Template
If you are need of a basic template to make your remodeling estimate, look no further. This remodeling estimate template is the best tool that you can use to make one suited to your needs. To gain access to the file all you have to do is click on the download icon beside the file. The file is also fully editable for you to make any kind of changes if required.
3. Remodeling Estimate Template in PDF
With this remodeling estimate template in PDF, you can get in the palm of your hands an estimate template that contains original suggestive headings and content. The file allows you to make a customized estimate sheet using it. It is fully editable and printable. You can download the file on the go from anywhere and can work on it on any operating system.
4. Standard Remodeling Estimate Template
The easiest way for you to lose money in a remodeling job is by not determining the costs and payments and not making an estimate for the project. Avoid such a situation by making the appropriate estimate for remodeling using this remodeling estimate template. The file can also be edited according to your needs.
5. Home Remodeling Estimate Template
Are you finding cracks in your walls? Is water dripping from the ceiling onto the floor? It the way of your home telling you that it needs a makeover. And makeovers involve costs and expenses which requires the contractor to make an estimate. Do this task with the help of this home remodeling estimate sample template.
6. Formal Remodeling Estimate Template
Making the remodeling estimate is a very important and serious task. Drafting a document for such a task is a long and tedious job. Lessen your burden with the help of this formal remodeling estimate template sample. This file is available to be downloaded in PDF file format. It provides original suggestive headings & content. You can also edit this file.