How To Read An Xactimate Estimate

What exactly is Xactimate?

Xactimate is a rugged construction estimating program that can run on Windows, iOS, Android PCs, and mobile devices. It is typically used for calculating restoration and repair costs, new construction, and insurance claims.

Among the many advantages of Xactimate are the following:

• Time and cost savings when preparing estimations
• Creates estimates that are more detailed, accurate, and professional-looking
• Offers access to the most accurate and up-to-date pricing information
• Allows complex roofs to be drawn with minimal effort
• Streamlines and automates your estimating processes
• Manages and organizes your projects.
• Xact questions and responses

How is Xactimate utilized?

Using sketch data, Xactimate generates estimates and reports based on pricing tools and other data tables. Users can submit photos and GPS coordinates, and saved data can be accessible across several platforms. Xactimate utilizes exhaustive surveys to examine material, labor, and equipment expenses, computing average prices to estimate costs. Additionally, it gathers information from numerous material sources and millions of actual estimates. In addition, it incorporates additional third-party data, like taxes and worker's compensation, into the final calculation.

How do you read a Xactimate estimate?

Typically, the estimate is divided into sections representing a component or portion of the property. The scope of the repairs or work is detailed below. For instance, the part may be the roof, and the lines below may describe the removal and replacement of shingles. The following column contains the quantity, typically in square feet or linear feet, followed by the total cost. If the work is for an insurance claim, at least two additional columns will be the depreciation and the actual value after depreciation has been subtracted. You will find a summary of the totals and any extra expenditures, such as contractor fees and taxes, at the bottom of the page.

How does Xactimate calculate a roof's cost?

A contractor or insurance claim estimator will follow several Xactimate processes to estimate a roof.

• Sketch the building's outline.
• Add a Roof Level above the building footprint, ensuring that the impression appears as a reference below the roof level.
• Detail the proportions, slope, overhang, and eave heights for each roof component in a sketch.
• Add digital images as a reference, noting the places from which the photos were obtained on the drawing.
• Roofing materials, such as shingles and underlayment, will be computed straight from the sketch. Individual components can be assigned default macros, and waste factors can be calculated.

Why do insurance firms utilize Xactimate?

Xactimate is the complete tool in the business for estimating property claims. It is the preferred option for both insurance claims agents and restoration specialists.

Xactimate generates an insurance quote in four simple steps:

• Loss details are gathered.
• A structure diagram is sketched.
• Relevant project expenses are selected.
• The estimate is examined for precision and legality.

Should I use Xactimate?

Professionals in numerous sectors might benefit from Xactimate's simplicity and adaptability:

• Insurance claims agents
• Roofing specialists
• Restoration specialists
• General contractors
• Renovators
• Redevelopers
• Real estate appraisers
• Architects
• Home Inspection Businesses

Customers will quickly comprehend your estimates, preventing confusion and enhancing communication. Numerous experts opt for Xactimate because of its available modules, checklists, cross-platform access, and other adaptable features. If you are uncertain, multiple training programs teach you how to produce an estimate using the application.