Using a DIY Approach as a Home Project Cost Estimator
Cost is a sensitive topic in today’s poor economic climate, so planning the cost of a project is essential. Of course, there are several online cost calculation services that can be used; however, the old-fashioned DIY approach is also beneficial. This can seem quite daunting to an individual who has no sense of numeracy or budgeting, but it is not impossible. Estimating is not an exact science, but rather a type of informed “guess-timation” of what the overall project will cost. This article will provide information on how to use a DIY approach as a home project cost estimator.
What You Will Need
The First Step
The first step to every successful home project is to gain an estimate of both the materials and the time it will take to complete the project. It is important to take the time to write all this information down beginning with the materials and the price you believe each will cost. To do this you will need certain resources including a paper pad, clipboard, pencils, and a hand-held calculator – remember, we’re going DIY here!
The Materials
In the majority of cases, project estimators will focus on the price of larger home project materials such as wood or concrete; however, these are not the only materials being used. When planning material costs, it is vital that you consider EVERYTHING from the largest to the smallest item. For example, consumables such as chalk and adhesives are as important to include as cement and nails.
For some individuals, the consideration of small items costing $5 or less do not seem worthwhile; however, if you forget these items your cost estimation will be incorrect. For example, a box of nails may cost $2 and be ignored, but if you use several boxes of nails in the project your cost estimation will be off by more than merely $2. Include everything to be more accurate in the overall estimation.
The Basic Home Project Cost Estimator Formula
This is where many people decide it is simpler to use cost estimator software instead of doing the task independently. Instead of engaging in a mathematical equation, most people would use the easy route and depend on software. True, software is simpler; however, it could be incorrect and there may be errors that will negatively impact the estimation. By using this basic form ula, the home project cost can be estimated quite simply.
The Basic Formula
Length x width = square footage of floors, walls, etc.
Length x width x height = cubic footage to fill a hole.
For circular items: Pi (3.1416) x radius squared = cost.
For triangular items: 5 x length of the item base x item height = square footage.
Curved And Irregular Shapes
When measuring formulas for curves and irregular shapes, such as cylinders, it is recommended that you utilize common sense. For example, you should slide one “portion” of the work over to the other to form as many squares as possible and then apply one of the basic formulas. This will make the home project cost estimation simpler.
Mistakes Made When Using DIY Cost Estimation
Manpower And Time
While using a DIY approach to home project cost estimation can be basic when you understand the principle of the formula, it is important to remember that a great deal of effort is required for this task. Many people make the mistake that this cost estimation will be completed quickly when this is not the case. In fact, people who complete cost estimation independently need to devote days to the task to ensure it is performed successfully.
Double Checking The Figures
Due to the weariness felt when performing DIY cost estimation, many people choose to use the initial results without question. This can be a mistake as errors could be made during an initial estimation, particularly if this is your first time applying formulas. To avoid any potential errors, it is recommended that you double check the figures or have a friend check your estimation.
Consider Price Changes
Materials you receive quotes on during one season may not be the same in the next season; therefore, it is important that you take this change into consideration. If you run out of materials, make sure that they are still available in the same color and style but make sure the cost is altered to make the estimation accurate.
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