How To Calculate The Cost Of Repairs

Table of contents:

How To Calculate The Cost Of Repairs
How To Calculate The Cost Of Repairs

Video: How To Calculate The Cost Of Repairs

Video: How To Calculate The Cost Of Repairs
Video: How To Calculate The Cost Of Repairs On Any House In 60 Seconds! 2024, December
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The cost of repairs is very changeable even with a detailed calculation. After all, some kind of force majeure constantly arises, prices for materials are growing, etc. However, without a competent calculation, your repair can generally take off for you at a very large pretty penny.

How to calculate the cost of repairs
How to calculate the cost of repairs

Instructions

Step 1

Before you decide to make an estimate for the renovation, consider what exactly you would like to do. If it is a cosmetic repair, it is one expense. If it is capital, then others. So, we have counted. Now start compiling a table in which you include the names of the works, the approximate footage and the approximate cost of materials. You will get a certain, very approximate figure.

Step 2

Now you need to check your ideas with what is in reality. To do this, go to any building materials market with your list. Or you can just go online. Compare the actual prices for the materials you have chosen. Write them down next to the ones that are supposedly already written. This will help you adjust your idea of the amount.

Step 3

Be sure to calculate how much a team of professionals will cost you if you decide to make a global repair, but you do not have the skills in construction. Some builders charge hourly wages, others get paid on a daily basis. Write it down in your estimate. But do not forget to include also a financial cushion in case of any contingencies. For example, a team may work at your facility for a little longer than you expected. And if you don't add the additional expense item initially, you may be in big trouble.

Step 4

Separately calculate your capabilities and in case materials suddenly rise in price - basic or finishing does not matter. set aside for these purposes 15 percent of their current cost. This will make it easier for you to get over the shock if something happens. If suddenly the worst fears are not justified and there will be no increase in prices, then you will find where to spend the saved capital.

Step 5

When drawing up a repair estimate, consider in detail all the materials that you want to use. Maybe it will be more economical to putty the walls in the corridor in a figured way instead of pasting them with expensive Italian wallpaper. If there are controversial points on which you are ready to change your mind, be sure to mark this in your table. Enter the approximate cost of such changes here.

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