The Ask the Builder New Home Construction Estimator is a simple spreadsheet that helps you estimate the cost of your new house.
- Easy to use
- Saves you thousands of dollars
- Prevents misery
This is a spreadsheet document that works in Microsoft Excel and Apple Numbers programs. It can also be opened in Google Sheets.
CLICK HERE to listen to a 5-minute podcast by Tim about this amazing product.
How to Use:
1. Get estimates for just three simple things on your new home like:
- roofing labor and material
- drywall labor and material
- electric labor and material
2. Enter just one of these numbers next to the cell in the spreadsheet with that name.
3. Click your RETURN key on the keyboard and all other numbers are magically filled in!
ONLY ENTER ONE Project Item NUMBER to get the best result.
To arrive at closest estimate for your new home, create three separate total prices using the bids for the three different aspects. Average the total costs created by the spreadsheet to refine the total estimate.
It's super easy!
High-Priced Items DANGER: If you decide you want a deluxe kitchen in your dream home and you've gone to a showroom to get the cabinet bid, this single number could cause the total estimate to be way off. For example, you may select cabinets that are priced at $65,000 when a normal house this size may have cabinets costing $20,000.
Many of the Project Items in the spreadsheet are linked to one of my AsktheBuilder columns or search results. This way you can just click on an item and get more information about the subject.
The spreadsheet breaks the cost estimates down into each component of new house construction. If for some reason your construction won't include a particular item, just enter a Zero for the cost and it won't be included in your total.
This screen shot shows just a few of the over 50 items listed.
This product is meant to be used as a tool to provide a generalized estimate for a new home. All homes are different, and custom homes can have specialty materials that can cause the square-foot cost to greatly exceed national averages.
Do not use this tool or the Project Total Cost figure this tool creates as a basis to borrow money for a new home or to enter into contracts for any home-building project. This tool is designed to just give you a rough idea of what the total cost for building your home might be.
It's always best to obtain a written estimate from a reputable builder and then contact an attorney that specializes in negotiating building contracts before you sign any document committing you to building your new home.