Estimating Remodeling Costs

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This presentation will help designers

1) Feel confident about setting construction budgets

2) Avoid re-designing and free designing to get back into a budget

3) Get repeat clients and more referrals


4) Learn how to quickly figure construction budgets and look for the pitfalls that can blow these budgets.

This is an interactive presentation so bring your questions

Published in: Self Improvement
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  • Estimating Remodeling Costs

    1. 1. How To Accurately Estimate Construction Costs<br />Obtain repeat clients and more referrals. Avoid the mistakes that cost YOU money.<br />Mike Otto –Fair and Square Remodeling<br />
    2. 2. About Me<br />Been in the building industry all my life<br />Started own construction company in 1992<br />Owner Fair and Square Remodeling<br />Over 17 years of experience in estimating construction costs<br />
    3. 3.
    4. 4. How To Accurately Estimate Construction Costs<br />Communicate<br />Setting a budget<br />Cost vs. Value Report<br />When In Doubt<br />
    5. 5. What Are the Key Ingredients in Setting a Budget? <br />Communication<br />Listening <br />Listen without your motor running<br />Ask questions<br />
    6. 6. What Are the Key Ingredients in Setting a Budget? <br />Critical that you understand your client’s wants and needs before talking budget<br />More critical that the client feels you understand them and are communication from a point of understanding<br />Otherwise you have no credibility<br />
    7. 7. Asking about Budget<br />What kind of answer do you get when you ask “What is your budget?” <br />I don’t know<br />Some unrealistic number<br />
    8. 8. Asking about Budget<br />Why do you get these answers?<br />Your client is not in the position to know the answer <br />Think like a doctor<br />
    9. 9. Asking about Budget<br />How solid is the budget number?<br /> What if….<br />
    10. 10. Cost Versus Value Report<br />Use the number given as the low end of the range and add 30% to get a high range<br /><ul><li> Watch out for:</li></ul>- Read the specs, adding more to the job will increase the cost<br />- Unique complications<br />
    11. 11. Cost Versus Value Report<br />
    12. 12. Cost Versus Value Report<br />
    13. 13.
    14. 14.
    15. 15. When in Doubt…<br /><ul><li>Take photos and send to your contractor
    16. 16. Ask him or her if they have any concerns about an area</li></li></ul><li>Thank You!<br />Mike Otto<br />Fair and Square Remodeling<br />Ph: (612) 245-5826<br />www.fairandsquareremodel.com<br />

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