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Residential Remodeling Cost Estimator 2012 Homeowners have become nervous about making large-scale commitments and are now much more price-minded. Short-term, bargain-priced maintenance and repair work now dominates their concerns. They can't afford to put off the small jobs, but are not yet ready to commit to the larger jobs. Many smart builders and remodelers have found that servicing these small jobs and repairs is a way to get their foot in the door for the larger jobs that will appear in the future. Residential remodeling has its own unique costs and job functions that make it tricky to estimate, which is why Residential Remodeling Cost Estimator is every remodeler's best friend. It gives you over 250 pages of labor and material costs researched specifically for residential remodeling! Price modifiers are listed for over 300 different cities, making it easy to adjust your estimates for the area where you’re working. Thousands of items used by remodelers are included in this comprehensive manual. The Residential Remodeling Cost Estimator is so complete, it even shows the manhours for each item and lists the hourly labor costs used for each category. No longer will you have to wait days for subcontractor estimates, spend hours on the phone gathering material costs, or work long nights finalizing overdue estimates for your customers! INTRODUCTION: About the Residential Remodeling Cost Estimator The Residential Remodeling Cost Estimator is divided into 37 numbered sections, with sub-sections indicated by a black band with white title. Categories in sub-sections are indicated by bold, capitalized titles. Each page has 7 columns - Description, Unit, Direct Labor, Direct Materials, Direct Total, Selling Price and Man-hours. Description This column contains a description of the task to be performed, or in some cases the materials needed. You will find the words 'premium', 'average' and 'economy' often used to indicate a different price category. These descriptions are used on items that tend to have a large price variation between brands, styles and quality. It is important for you to make sure that you understand what your customer is expecting in quality and/or style on their project, and select the corresponding item. Unit Unit is simply the way in which the item is quantified. For example LF, or lineal feet, is often used with trim. The LF would be the measurement around the room where the trim is to be installed, or the perimeter of the room. SF, or square feet, is often used with wall coverings like drywall and paneling. The SF would be the square feet of coverage of the wall. For example hanging one sheet of 4' x 8' drywall would be 32 SF. Direct Labor Direct Labor is the actual cost of performing the task without overhead & profit. We have added into the Direct Labor the normal amount of non productive time such as breaks and waiting on materials. Included in this amount is the basic wage paid, unemployment insurance, Workman's Compensation Insurance, Social Security and Medicare tax, and approximately 9.75% for benefits such as vacation, sick leave and medical coverage. Direct Materials Direct Materials is the cost to you of materials both used and wasted on the project. A reasonable waste factor has been added to each item. Remember, you pay for the materials in the dumpster. Direct Total Direct Total is simply Direct Labor and Direct Materials added together. Selling Price Selling price is the recommended price to charge your customer. In all cases the Direct Labor figure has been multiplied by 1.67. This gives you a 40% gross profit on labor. Many Direct Materials have also been multiplied by 1.67. The exception is high cost items, such as bathroom fixtures, kitchen cabinets, heating and cooling units and appliances. These items have been multiplied by 1.20. Man-hours Man-hours is simply the amount of time allotted in Direct Labor to complete the task. All Man-hour figures have been determined using only one category of labor. In other words, rough-in for a toilet was determined on the Direct Labor cost of a plumber, not a plumber and helper. Wall framing is determined on the Direct Labor cost of carpenters, not a mix of carpenters and helpers. QUICK REFERENCE GUIDE
Remodel MAX has over 20 years of experience working with residential remodelers and compiling cost data to help them prepare estimates that will make them money. Includes: Book By: Bill O'Donnell Published by: RemodelMAX ISBN: 978-1-105-17899-3 238 Pages, 8-1/2 x 11 |
