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Residential Construction Cost Estimate

A residential construction cost estimate is provided by a home builder to a potential home owner before the construction process begins. The residential construction cost estimate covers all aspects of a home's construction, from permitting to blueprints to equipment and materials costs, as well as labor.

A residential construction cost estimate is needed before any agreement between a builder and home owner can be completed. Without a residential construction cost estimate agreed to, the home builder would be able to put any price tag on a house they build.

A residential construction cost estimate can vary by region or even by city, as the cost of equipment, material and labor can be substantially different from one place to another. The residential construction cost estimate for a house in Houston, for example, will be substantially less than the estimate for the same house in the suburbs of Washington, D.C. The more expensive the materials used and the larger the size of the house, the higher the residential construction cost estimate will be.

Software used to aid in assembling a residential construction cost estimate can be purchased by a general contractor and installed on their computers, or, increasingly, it can be Web-based. Residential construction cost estimate software can be very general, monitoring the overall cost of a project, or it can be highly specific, depending on the contractor's needs. There are programs aimed at certain segments of the construction industry, from residential to general to heavy construction. There are programs for carpentry estimating; conceptual estimating; concrete estimating and insurance claims estimating, as well as any miscellaneous estimating work that needs to be done. There are residential construction cost estimate software programs specializing in plumbing, piping and HVAC, as well as repair and remodeling tasks.

A residential construction cost estimate cover every part of the process the home builder will be responsible for. This includes the laying of the foundation, the construction of the house's frame, the roof and the installation of electrical wiring, water pipes, plumbing and air conditioning. The estimate can be affected by the desires of the customer as well, as they pick the type of flooring, windows and other amenities that will be installed.

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