By: Meryll Russell

How To Estimate a Remodelling Job

Tags: Remodelling

Remodelling is a project that requires careful planning, and it is usually a challenging time for a homeowner. The most important part of any remodelling job is the budget. When you set a budget, you must ensure that you have enough money to complete the project.
If you set a low budget, your remodelling job could stall if you do not have enough money to continue with the project, like buying seascape wall art. Before you undertake any remodelling job, you need to estimate what is needed to complete the job. 

Here is how you can estimate a remodelling job;

Previous Estimates
If you have done similar remodelling jobs in the past, you can check how much you spent on those jobs. Those previous jobs could give you an estimate of how much you need for your new remodelling job. If you bought seascape wall art in the previous remodelling job, you could use those prices to estimate how much you need for new art. 
Material Costs
When you want to remodel your home, you might consider which material you need to use. For example, if you want to change your home floor from concrete flooring to plank luxury vinyl tile flooring, you need to know the price of the plank luxury vinyl tile flooring. Then get an estimate of how much you need to change your home’s floors. 
Consider Labour Costs
After estimating previous costs and material costs, the next thing you need to consider is labour costs. If you hire professionals to do the remodelling, you need to estimate how much and how long you need to pay them.
If it is a major remodelling that might take weeks, you might need to pay more; if it is a simple task like removing old art and replacing it with new seascape wall art, you do not need to pay high labour costs. 
Overhead Costs
You need to markup your budget to have enough money to cover overhead costs. Before undertaking any remodelling job, you need to add money to your overall budget to cover additional costs.
Having an exact estimate is risky because when something breaks, for example, a seascape wall art, and you need to buy another one to complete the job, your job might stall until you get additional money. 
Permits for the Job
Depending on where you live, you might require certain permits before you start your remodelling job. You need to know which permits are needed before you start the remodelling. You might be required to pay for some of the permits; hence you need to set aside money to obtain the necessary permits.
Bids from Different Contractors
You can also use bids from different contractors to estimate how much you need for your remodelling job. You can ask several contractors to bid for the job and use their bids to determine which budget is the best for you.   
Seek the Services of a Professional for Accurate Estimates
Creating a perfect budget for your remodelling job can be tricky and, if done poorly, can also lead to shoddy work and poor results. You need to take your time and create an accurate budget with enough details. If it is your first time remodelling your home, you should consult a professional who can guide you in creating a perfect budget. 

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Peter Mazzuchin
Broker of Record, Investor, Author
CEO, Actus Real Estate Group
Your Home Sold Guaranteed Realty Imperium, Brokerage
9 Michigan Av., Brampton, ON, L6Y 4N5
D: 226. 298. 0734
O: 416. 402. 6217

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