While we can't guarantee the estimates, as there are many variables, the Domoreport will give you the confidence to make more empowered decisions during this time-sensitive, crucial point of your home-purchasing process.
Our process for providing repair estimate pricing includes:
Reviewing and understanding the time and material costs (a bottom-up method) by price surveying local wages, material, and equipment needed to perform the work.
Surveying project costs (a top-down method) from local subcontractors and service providers.
Reviewing estimate and invoice pricing of recent jobs performed in your area for the exact same repairs.
We provide an estimated range because it's actually more realistic. Most contractor's quotes include disclaimers regarding the final pricing being contingent on materials not increasing and no additional materials or labor required - which is in effect a +/- estimate. Our estimate range provides for unknown elements of the repair that can't be assessed until the work actually begins. The range is a result of extensive research for the exact job as it's been estimated and invoiced in your specific market. If a quote falls outside of our range, either we don't have enough information from the inspector or there may be some extraordinary circumstances and you should be asking the contractor a lot more questions.
Our pricing partner's team performs industry surveys on both time and material and project costs with more than 50,000 industry suppliers, contractors and service providers across the continent. Each month nearly 20,000 market surveys of randomly selected contractors, suppliers, and service providers are analyzed. In addition, each month more than 400,000 estimates from 500 markets across all 50 states are also analyzed. We care so much about providing clarity to you, that our repair projects are broken down into materials, labor, equipment, minimum trip charges, quantity, measurement, and quality level.
The pricing experts includes individuals with experience in the construction and restoration industries, monitored by an economist. While each team member has a background in one or more of the construction trades, together they have more than 575 years of combined construction experience. Their specific experiences cover the full spectrum of construction trades. Several are also licensed general contractors. A brief summary of the members of the pricing team is as follows:
5 Licensed General Contractors
1 Certified Master Inspector (CMI)
1 Certified LEED Accredited Professional (LEED AP)
7 IICRC Certified Carpet Cleaning Technician (CCT)
4 IICRC Certified Carpet Repair & Reinstallation Technician (RRT)
2 IICRC Certified Master Fire & Smoke Restorer (MSR)
4 IICRC Certified Fire & Smoke Damage Technician (SRT)
1 IICRC Certified Journeyman Fire & Smoke Restorer (JSR)
4 IICRC Certified Health & Safety Technician (HST)
3 IICRC Certified Odor Control Technician (OCT)
5 IICRC Certified Upholstery Cleaning Technician (UFT)
4 IICRC Certified Journeyman Textile Cleaner (JTC)
11 IICRC Certified Water Restoration Damage Technician (WRT)
3 IICRC Certified Journeyman Water Restorer (JWR)
4 Lead Safety for Renovation, Repair & Painting (RRP) Training Course
4 OSHA 10 Hour General Industry Safety & Health
As you can see, we have invested significant time and resources into assuring we provide the best cost estimates possible for your local area.