How to Estimate Construction Costs

How to Estimate Construction Costs

Plan Your Construction Budget with 303 Construction

Whether you’re building a custom home, remodeling, or expanding a commercial space, estimating construction costs accurately is crucial for staying within budget. At 303 Construction, we provide detailed cost estimates to help Denver homeowners and businesses avoid unexpected expenses and make informed financial decisions.

1. Key Factors That Impact Construction Costs

1. Project Type & Scope

  • New home construction: $200 – $500 per sq. ft.
  • Home remodels: $50 – $200 per sq. ft.
  • Commercial construction: $150 – $400 per sq. ft.

2. Material Costs

  • High-end materials (e.g., quartz countertops, hardwood flooring) cost more than standard materials.
  • Supply chain issues can cause price fluctuations.

3. Labor Costs

  • Skilled trades like electricians, plumbers, and HVAC specialists charge premium rates.
  • Labor shortages can affect availability and pricing.

4. Permits & Inspections

  • Denver requires building permits for major renovations & new builds.
  • Permit fees vary based on project size and complexity.

5. Unforeseen Costs & Contingency Funds

  • Weather delays, material shortages, and design changes can increase costs.
  • We recommend setting aside 10-20% of your budget for contingencies.

2. How 303 Construction Provides Accurate Estimates

  • Free initial consultations to assess project needs.
  • Detailed line-item cost breakdowns so you know where every dollar goes.
  • Transparent pricing with no hidden fees.

Planning a construction project in DenverContact 303 Construction today for a free cost estimate!

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