Philadelphia 203(k) Construction Estimate

Suppose you are thinking of buying a property.  Based on your budget, you may have to choose between buying a fixer-upper in a good location or a modern, move-in-ready house in a not-so-desirable location.  Did you know that you can use a 203(k) construction loan to purchase the fixer-upper, have it remodeled or renovated to your liking, and have the home of your dreams?

Matrix Company Solutions Corp is a Philadelphia certified 203(k) contractor who can help you have a remodeled home in your desired location.  Whether you are thinking of buying a fixer-upper or thinking of remodeling your current house, we are here to help.  A 203(k) loan allows you to purchase the house and have the money to cover the remodel or renovation costs.  Covered costs include labor, material, and supplies.  Therefore it is important to hire a contractor who specializes in 203(k) construction loans and is familiar with estimating the project and reporting all necessary details.

Definition of Estimate

Estimate, as it relates to construction, is the process of forecasting the costs of building a structure. A construction estimate includes all repairs, labor costs, and materials needed to complete the renovation or remodel project.

The report contains the details of the Construction Estimate.  The Report details different aspects of the project.  A few examples include the measurements of various items as well as the colors and textures of the fixtures and materials.  In other words, the Report is a detailed description of the entire renovation or remodel project.

What an Estimate includes in a Construction Project:

If you are thinking about renovating or remodeling a house, you should be aware of what a construction Estimate includes.  Generally, a Project Estimator or a Project Manager who works on construction estimating, will determine how much material, how many supplies, and what type of labor will be needed to complete the project.  All this information will be used to create an Estimate and set the budget.  Other important components of the Estimate include scheduling and monitoring the work, as well as quality control to keep the project within budget.  An accurate Estimate will save time and money.

A construction project Estimate generally includes:

• Material and Supply Costs
• Labor Costs
• Necessary Permits

Matrix Company Solutions Corp, a Philadelphia 203(k) specialist provides Estimate and Report Services. Contact our team of experts for more information on how to get an accurate estimate for your renovation or remodeling project.

Benefits of an Estimate

Many people do not realize the importance of an Estimate.  A construction Estimate is the foundation for planning the job’s schedule and budget.  Without a reasonable and accurate construction Estimate, budgeting time and money for the project would be impossible. 

Matrix Company Solutions Corp, a certified 203(k) contractor in the Philadelphia area with over 25 years of experience, provides complete renovation services including cost estimates.  You will benefit from having an accurate plan for your property’s renovation.  With our service, we offer a detailed timeline of the project ensuring it will not only start on time but will be completed on time.

Estimate, Report, and 203(k) Construction Loans

The 203(k) Estimate and Report are an important phase in the 203(k) loan process.  A 203(k) construction loan is used when you want to remodel or renovate your current house or a house you are looking to purchase.  Matrix Company Solutions Corp. is a certified 203(k) contractor with many years of experience in Estimating and Reporting 203(k) loans. We will coordinate your 203(k) construction budget with a complete and accurate Estimate. Contact our team of experts for more information on renovating or remodeling your house using a 203(k) construction loan.