Estimating the price of even the simplest home maintenance, repair, or renovation job is not an easy task. A good estimator will include many factors such as labor costs, time, materials costs, unforeseen setbacks, and even competition, and insurance prices into the cost of an estimate. Be sure to understand all of the factors included in the estimate before jumping to conclusions about the estimate given by any one specific contractor. If you’re comfortable with it, consider what, if any, parts of the project you can do yourself to save on costs.
When you finally decide to take on a contracted home maintenance or repair project, professionals in the field suggest calculating an extra 5-10% for waste, getting three estimates or detailed quotes and having realistic expectations for the project’s costs. As a future homeowner, information is key. The more informed you are about the job, the process, the materials, and the time involved to complete a project, the better you will be able to anticipate the price of a specific project’s estimate. In this activity, you will work to anticipate the costs of common household projects using the provided equations. Each client is looking forward to receiving your estimate for their job; be precise in your calculations!
Scenario 1: Concrete Slab
Toby is installing a new storage building in the back of his yard. The building measures 10 ft. x 12 ft. He’ll need a 10 foot long, 12 foot wide, and 4 inch deep slab for the project. Help him estimate the cost of his concrete project.
Scenario 2: Flooring
The Gill Family is installing new flooring in the lower level of their home. They are installing the maple hardwood flooring in the kitchen, dining room, and family room, as well as installing marble tile in the bathroom and laundry room. Help them calculate their costs.
Use the room dimensions below to calculate the cost of flooring for the Gill Family.
Answers & Comments
Answer:
Estimating the price of even the simplest home maintenance, repair, or renovation job is not an easy task. A good estimator will include many factors such as labor costs, time, materials costs, unforeseen setbacks, and even competition, and insurance prices into the cost of an estimate. Be sure to understand all of the factors included in the estimate before jumping to conclusions about the estimate given by any one specific contractor. If you’re comfortable with it, consider what, if any, parts of the project you can do yourself to save on costs.
When you finally decide to take on a contracted home maintenance or repair project, professionals in the field suggest calculating an extra 5-10% for waste, getting three estimates or detailed quotes and having realistic expectations for the project’s costs. As a future homeowner, information is key. The more informed you are about the job, the process, the materials, and the time involved to complete a project, the better you will be able to anticipate the price of a specific project’s estimate. In this activity, you will work to anticipate the costs of common household projects using the provided equations. Each client is looking forward to receiving your estimate for their job; be precise in your calculations!
Scenario 1: Concrete Slab
Toby is installing a new storage building in the back of his yard. The building measures 10 ft. x 12 ft. He’ll need a 10 foot long, 12 foot wide, and 4 inch deep slab for the project. Help him estimate the cost of his concrete project.
Scenario 2: Flooring
The Gill Family is installing new flooring in the lower level of their home. They are installing the maple hardwood flooring in the kitchen, dining room, and family room, as well as installing marble tile in the bathroom and laundry room. Help them calculate their costs.
Use the room dimensions below to calculate the cost of flooring for the Gill Family.
Kitchen: 11 ft. x 15 ft.
Dining Room: 14 ft. x 13 ft.
Family Room: 13 ft. x 11 ft.
Laundry Room: 5 ft. x 7 ft.
Bathroom: 5 ft. x 6 ft.
Explanation:
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