This Old House Reviews Team Project Cost Methodology
We know that cost is often the top concern for most homeowners wanting to improve their homes. We aim to teach them what home improvement projects cost and how to find the right company for the job.
How We Calculate Estimated Project Costs
We partner with RSMeans from Gordian™. RSMeans is a construction cost database that thousands of contractors across the United States use to generate pricing. We use it to compile the national averages for various home improvement projects and conduct market research. Our averages and cost data include:
- Materials
- Size (square footage and linear footage)
- Permits
- Equipment
- Product types
- Labor fees
- Taxes
Why Cost Estimates Matter
Cost is a vital part of a home improvement project. Just like a solid blueprint guides the construction process, an accurate cost estimate paves the way for a smooth and financially sound project. A well-prepared cost estimate also functions as your financial compass and ensures you don’t overshoot your budget.
Unforeseen challenges can lead to budget blowouts and timelines spiraling out of control. However, a meticulously prepared cost estimate includes a cushion for the unexpected. This financial buffer is your safety net, ensuring you’re ready to face unforeseen hiccups without breaking the bank.
Why Trust Us?
We write objective, insightful reviews about home products and services. We pull from a team with varied backgrounds across in-home service industries, research, education, and journalism. Then, we conduct firsthand research into various home services industries, including extensive research through secret shopping, expert interviews, customer review analysis, homeowner surveys, and customer feedback.
Our team also gains firsthand knowledge from experts in moving and lawn care and product testing. We engage with each home service provider by calling and live-chatting customer service representatives, perusing provider websites, downloading provider apps, and requesting service quotes.
How To Prepare for a Home Improvement Project
Below are some steps to help you lay the foundation for a smooth home improvement project.
- Establish your vision: Start by clearly depicting your project’s outcome. Whether reimagining a kitchen, revitalizing a bathroom, or taking on a larger endeavor, a defined vision guides any renovation from start to finish.
- Determine your budget: No construction happens without a budget. Create a budget accounting for materials, labor, and contingencies to avoid financial roadblocks.
- Gather quotes: Once you finalize your plan and budget, we recommend contacting at least three local contractors for quotes. Closely compare each quote to gauge which contractor matches your budget and project requirements.
- Communicate: Communicate openly with the contractors you choose to ensure you’re all on the same page regarding design, any changes, and timelines. Effective communication helps save you from any roadblocks or mishaps.
Explore Our Project Cost Estimates
See how our cost data works with some of our most significant home improvement articles below:
To share feedback or ask a question, send a note to our Reviews Team at reviews@thisoldhousereviews.com.