Majordomo's Repair Cost Estimates Are Local and Accurate
Talking with many customers, we know people love the Domoreport's repair cost estimates. But, they're only really helpful if 1) they're specific to where you're located, and 2) they're accurate. Let's get into it!
"Are Majordomo's repair cost estimates local and accurate?"
The short answer:
Yes, the repair cost estimates are local and accurate! Majordomo's project estimate data is sourced from analysts that study contractor and insurance invoices for 20,000 projects from 35,000 providers for materials, equipment, labor, and installed costs across the US. This allows us to create localized estimates for your specific market.
The long answer:
Our process for providing repair cost estimate pricing includes:
- Reviewing and understanding the time and material costs (a bottom-up method) by price surveying local wages, material, and equipment needed to perform the work.
- Surveying project costs (a top-down method) from local subcontractors and service providers.
- Reviewing estimate and invoice pricing of recent jobs performed in your area for the exact same repairs.
We provide a repair cost estimate range because it's actually more realistic. Most contractor's quotes include disclaimers regarding the final pricing being contingent on materials not increasing and no additional materials or labor required - which is in effect a +/- estimate. Our repair cost estimate range provides for unknown elements of the repair that can't be assessed until the work actually begins. The range is a result of extensive research for the exact job as it's been estimated and invoiced in your specific market. If a quote falls outside of our range, either we don't have enough information from the inspector or there may be some extraordinary circumstances and you should be asking the contractor a lot more questions.
Our pricing partner's team performs industry surveys on both time and material and project costs with more than 50,000 industry suppliers, contractors, and service providers across the continent. Each month nearly 20,000 market surveys of randomly selected contractors, suppliers, and service providers are analyzed. In addition, each month more than 400,000 repair cost estimates from 500 markets across all 50 states are also analyzed. We care so much about providing clarity to you, that our repair projects are broken down into materials, labor, equipment, minimum trip charges, quantity, measurement, and quality level.
The pricing experts includes individuals with experience in the construction and restoration industries, monitored by an economist. While each team member has a background in one or more of the construction trades, together they have more than 575 years of combined construction experience. Their specific experiences cover the full spectrum of construction trades. Several are also licensed general contractors. A brief summary of the members of the pricing team is as follows:
- 5 Licensed General Contractors
- 1 Certified Master Inspector (CMI)
- 1 Certified LEED Accredited Professional (LEED AP)
- 7 IICRC Certified Carpet Cleaning Technician (CCT)
- 4 IICRC Certified Carpet Repair & Reinstallation Technician (RRT)
- 2 IICRC Certified Master Fire & Smoke Restorer (MSR)
- 4 IICRC Certified Fire & Smoke Damage Technician (SRT)
- 1 IICRC Certified Journeyman Fire & Smoke Restorer (JSR)
- 4 IICRC Certified Health & Safety Technician (HST)
- 3 IICRC Certified Odor Control Technician (OCT)
- 5 IICRC Certified Upholstery Cleaning Technician (UFT)
- 4 IICRC Certified Journeyman Textile Cleaner (JTC)
- 11 IICRC Certified Water Restoration Damage Technician (WRT)
- 3 IICRC Certified Journeyman Water Restorer (JWR)
- 4 Lead Safety for Renovation, Repair & Painting (RRP) Training Course
- 4 OSHA 10 Hour General Industry Safety & Health
As you can see, we have invested significant time and resources into assuring we provide the best repair cost estimates possible for your local area.
Give us a try. We work 24/7, 365-days a year, and 100% guarantee your satisfaction. We exist to help you make confident home decisions.
Main photo by Ricardo Arce on Unsplash
Lee recognized a few missing puzzle pieces in real estate transactions after spending 16+ years as a top producing real estate broker participating in 1,100+ transactions: the understanding of a property's condition, the story of a property, why it matters, what to do next, and who to call to for help. As CEO, Lee oversees the company vision, manages sales and marketing, and exploring business models. "Let's improve the owner's relationship with their home."
About Majordomo
Majordomo created the Domoreport.
The Domoreport is the most in-depth report on a home’s condition ever created, yet it’s easy to read and you can quickly figure out exactly what your buyers need to know. It’s the new standard for helping home buyers quickly understand the condition of their home with local and highly accurate repair estimates based on their inspection.
The Second Half of the Home Inspection