Easily Replace Calculations in the Home Repair Contract

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How to Replace Calculations in the Home Repair Contract

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in order to analyze the numbers on a distressed property either to fix and flip or wholesale to a fixing clipper its important you know how to quickly determine the cost of repairs so you can decide your offer price so on this video using updated 2022 numbers im going to show you my proven algorithm for how to calculate the cost of repairs on any house in 60 seconds or less coming up [Music] for a limited time you can get a free copy of jerry nortons data cruncher software which finds cheap houses in your area get it now at mydatacruncher.com if youre new here im jerry norton i make millions of dollars a year wholesaling and flipping houses and here on my youtube channel i show you how to do the same so if you want to be a flipping genius like me and live your dream life subscribe to my channel and watch my videos as a flipper you know how important it is to accurately calculate the cost of repairs when considering a deal get that wrong and you can be way off on your numbers and b

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What percentage do most general contractors charge?

Average General Contractor Rates General contractors charge at about 10 to 20 percent of the total construction project cost. For even larger projects, you might pay closer to the 25 percent mark for professional construction services.

Can a contractor change a quote?

As such, businesses and contractors have the right to adjust their estimates when new factors arise. Other times, they will present you with a final invoice that should show where the difference in costs occurred. Often, additional labor expenses or unexpected material needs can contribute to an estimates inaccuracy.

How do you tell a contractor something is wrong?

Its ideal to sit down with the owner/contractor in person and be prepared with specific quality issues you want to discuss. Also, make sure to be reasonable and tactful. Explain nicely and firmly that you are spending a lot of money on this renovation and you have certain expectations for the quality of the work.

What should you not say to a contractor?

Seven Things to Never Say to a Contractor Never Tell a Contractor They are the Only One Bidding on the Job. Dont Tell a Contractor Your Budget. Never Ask a Contractor for a Discount if You Pay Upfront. Dont Tell a Contractor That You Arent in A Hurry. Do Not Let a Contractor Choose the Materials.

How do you express dissatisfaction with a contractor?

How to Convey Your Dissatisfaction to Your Contractor Speak up right away. You must tell your contractor early on that you dont like something. Maintain an understanding demeanor. You dont like the work and youre worried youll offend your contractor. Get changes to the project in writing (even if only by email).

How do you calculate repair cost?

Here are the steps you should take: First, compile the total list of materials needed, and record a high and low price estimate for each. Once thats done, add both columns of numbers to get the total cost for both high and low. Then add the two totals, and then divide by two to get the average cost.

How do you tell a contractor you are unhappy?

When talking with the contractor, explain why you are unhappy with his work, and get him to sign a document detailing the solutions that you have both agreed on, so that if he flakes, you have written proof. Remember to avoid writing an online review before talking with your contractor.

How do you deal with poor performing contractors?

Heres how. Fire the Contractor. Firing your contractor may seem obvious, but its not an easy step when things go seriously wrong. Request a Hearing. Hire an Attorney. Take Your Case to Small Claims Court. File Complaints and Bad Reviews.

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