What's the Difference Between a Guesstimate and a Written Estimate?

824 views · Published 26 February 2010 · 2:24 · Indexed 4 October 2026

Channel: gregvancom · 2010 · Howto & Style

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http://www.homebuildingandrepairs.com If you're planning on building or remodeling and you're going to contact a couple of contractors for some rough estimates, keep something in mind here.  These are only going to be guesstimates and if your contractors guessed wrong, this could cost you a lot of money.  Try to get written estimate if possible to prevent problems in the future, especially if you're planning on building a house and you don't have a lot of profit in it.  One of the biggest problems with people who buy and sell homes for a profit are guesstimates.  If you don't have enough experience, you should try to avoid guesstimates and get written estimates that are ready to turn into contracts.  Anyone can guess at something, but to give you a written estimate might take a little more time, but at least you will know that you have something you can work with.

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