Understanding Project Estimator Report

[Chelsea Hall]

I am new to the bigger pockets Project Estimator. Can someone please explain the difference in the following categories. I was unsuccessful trying to google the break down of each (I am mainly curious about the total project costs).

• Homeowner Selection Budget

• Construction Materials

• Builder’s Labor & Profit

• Project Costs

Thank you In advanced.

Chelsea

[Brittany Stradling]

Construction material are the actual materials. The builder's labor/profit is what the builder is charging you. For example, a toilet would be 150 but then you need a professional to install the toilet. If charged $50, that would be the builder's labor. 

The project costs are things like draw fees, closing costs, and utilities. Some lenders charge a fee when you take out your money throughout the project; these are draw fees.