Being a contractor, probably one of the most challenging tasks to deal with is determining the cost for your services. Whether it is cleaning, repairing maintenance, or just providing labor, specifying the cost of these services respectively is considered a hassle by most. However, to make this process much easier, there are several platforms available on the internet, one of which we are going to review today. From its accuracy to the claims, we will analyze it all and conclude afterward. The name of the platform to be reviewed is homewyse.
Homewyse is an online reference platform for home products and services. They provide installation, materials, and project cost calculators to the users to make home remodeling easy for them. It is a reference tool to help homeowners make comprehensive and knowledgeable settlements.
Another service provided by them is helping contractors to plan and estimate jobs.
Homewyse provides estimated installation costs, maintenance costs, and job planner cost tools. They provide you with grainy data which specifically helps in preparing a framework to define the estimates, sanction the thorough cost evaluation reach including specified data for project materials, labor, supplies, and tools.
Cost Calculator
Homewyse claims to provide ‘fair cost estimates for repair, maintenance, cleaning and damage restoration services for the respective zip codes of the users. The factors affecting these estimated costs range from materials needed to be installed to the tools used to install them. As defined by homewyse, the material is a term denoted to large stuff and job supplies for the smaller ones.
Labor Cost
Determine how much money you need to cover your personal and business expenses to make a profit. Gives a guide to almost every single product that you could ever think of. The cost of labor is calculated by homewyse mainly based on the total time it may take to complete a certain job.. You get a well-defined description of the job and the estimated cost of labor with it. along with that, you can also get a generated list of everything you might need to do the particular job.
Homewyse List
The list is a homewyse app that helps in generating to the point, regular and professional-looking estimates for varying jobs and services. It includes a standard set of services to create a list that constitutes these services and the cost factors related to each one of them. According to homewyse.com, “Lists is a simple application that lets you build and reuse a price list of your common services and products. To bid a job, just open a copy of your custom List, check the items needed, enter the job size – and your bid is ready to send.”
Homewyse list is a fast and dependable tool to estimate installation cost, material quantities, and labor requirements for any type of service provided by the contractor.
How to use Homewyse list
To understand the basics of using homewyse lists refer to:
This video is an introductory step to get you acquainted with the initial steps of the process and how this feature works.
Once you have finished watching and learning from the video, visit: https://www.homewyse.com/lists/user_guide.html#ListsUses to learn about the process even further and get started with this tool. THE PROCESS OF USING THE HOMEWYSE LIST TEMPLATES as stated by https://www.homewyse.com/ is mentioned below:
You’ll need to create a list that covers all of your common service and product offerings to get the most out of Lists. Consider your List as your “master price list,” which you may copy and reuse for each task you have. Although you can start with a blank List and alter it to fit your needs, it is usually easier to start with a Homewyse Template and modify it to fit your needs. Homewyse Templates are designed for a certain trade or service region, and they provide common task and material alternatives, as well as unit cost and unit effort estimations based on current conditions.
To create your List from a Template:
Sign into Lists and choose to Add New List
- Choose the Copy Homewyse Template option
- Choose a Template from the available Homewyse Templates
- In the Create New List dialog enter a Name for your copy of the Template
- Enter the List wage to be used to calculate labor costs for your List
- Choose Save
To use a List to generate an estimate:
- Enter a List quantity value in the upper right portion of the List. This will update all Item calculations (Item quantity, hours, and costs) for those items that have been set up to calculate quantities from the List quantity
- Check the checkboxes to indicate a “check” next to Items that you want to be included in the estimate totals (and make sure that Items you don’t want in the totals are “unchecked”)
- Check the results and make adjustments (see Notes below) as needed
- Choose Save
Notes for Homewyse List Templates
- Item level changes: You can set any Item quantity to a fixed value OR have the Item quantity calculated from the List quantity. And — after an Item quantity is adjusted to your satisfaction, you can change the factors that calculate the hours, labor cost, and material cost for that Item. See how to change Item factors for more information
- List level changes: See how to change List factors to learn about setting a single labor wage for all List Items, and adjusting material and labor markups/discounts to achieve desired Totals
- Later sections of this guide explain how to add Library Items (predefined Items from the www.homewyse.com library) or add copies of your existing Items or a new customizable Item to a List
Construction cost judging computer program is to help maintain your costs inside budget. The computer program follows the manufacturing flag either that’s for all calculation units or enlarges the following cost-accompanying documents. By utilizing a cost estimator you can ensure your work exists provable and smooth to hand over to a builder, as aforementioned. A coast estimator’s task role comprises recognizing roundabout costs and examining the permissible status of the relationship to understand the information of what impact incidental costs have.
Pros And Cons Of Using An Online Cost Estimator
Cost estimation is a very important factor in business, especially when it comes to the contracting field. It can be a whole lot of hassle to determine the final costs of your services after a thorough study of everything from the materials used to the labor costs. To solve this problem, there are several online cost estimators present to do the job for you, and that too for free. We have discussed one of these platforms, homewyse above. However, the like two sides of a coin, there are pros and cons of using an online cost estimator. That is why before using one of them, you must consider all the factors about it.
Pros of Using an Online Cost Estimator
Wide Research
The online cost estimation platforms like ehomewyse give you the results after extensive research about the materials needed, cost od=f labor, and the time it will take to complete a certain job. This is a very long and difficult process to be done manually and also increases the chances of mistakes. However, automated results are more accurate and dependable.
Well Defined Results
The results generated by these online platforms are more defined, explained and reliable than the ones which are done manually. That is why the online cost maintenance platforms are more preferred than manual calculations.
Efficient
The online reference platforms for cost estimation platforms are not only easy to use but also consume much less amount of time than the traditional manual calculating methods. A lot of time and money is saved with the use of platforms like homewyse.
Cons of using an online estimator tool
Uncertainty
The results generated by online cost estimation tools are often based on assumptions and hence can be inaccurate at times. Often there isn’t accurate information available about certain jobs, materials, or installation charges online which may lead to misinterpreted information regarding the estimated costs.
Lack Of Professionalism
Online cost estimating tools often lack professionalism. Most of the time, the software is designed to generate a result that creates a good profit margin for the user. While doing their best to create profit margin, there can be inaccuracy regarding the provision of estimated costs.
To Use or Not to Use Homewyse?
This cost estimate generating tool provided by homewyse can be a lifesaver for a lot of contractors and homeowners as well. It provides a cost-effective and efficient means of estimation to the user while also keeping the data reusable and up to date. This platform not only gives you easy access to your generated lists or the demo lists provided by them but using their features is also an easy task.
Their website, along with the lists app is very easy and efficient to use. Although these benefits of using the homewyse cost estimate services may seem to be a very attractive and beneficial deal, make sure that whatever services you provide, the cost estimated generated for them is through updated and reliable resources.
To answer the question of whether to use or not to use the services of homewyse, it would be safe to say even after all the evaluation and analysis, the decision regarding this question mainly depends on the user. This is the case because the website and homewyse app for lists is safe to use and gives easy access to thousands of results hence there is no harm in using it.
However, just like is mentioned earlier above, there are cons to using online cost estimate platforms as well. That is why, in the end, it comes upon the decision of the user, whether they want to depend on this online tool or not.
Frequently Asked Questions:
What is the importance of cost estimation in construction?
Estimating the cost of services in the construction business is crucial to determine the margin of profit to be earned. Having an accurate estimated cost list keeps the involved people concentrated on completing the service within the specified deadline while keeping the cost under the determined budget.
Different types of cost estimation.
When it comes to construction there are three main types of cost estimates namely, design, bid, and control estimates.
Which is the best method for cost estimate?
The analytic estimate method is considered to be the most accurate technique. However, it can be quite time-consuming and a lengthy process altogether.
Do I need a cost estimate for home remodeling?
The most straightforward answer to this question is yes, you do need a cost estimate to remodel your house. It will not only help you stay under a budget but will also ensure that the remodeling of your house gets completed within the determined timeline.
