Individuals maintain asking me if the price of our new plans for our home are literally going to come back out being any lower than the unique plan with the large addition. It appeared like an inexpensive conclusion to me that the brand new plan could be cheaper ultimately, however I acquired curious, so I sat right down to perform a little figuring.
First, let me remind you what the unique plan was, after we did some tweaking to the ground plan. That is what the ultimate plan for the large addition appeared like. Behind the grasp rest room there was a hallway of types that allowed for a walk-in closet on both sides, with the walk-in closet on the fitting being the primary closet. And behind that was a big bed room. This plan additionally had two decent-sized storage closets, one which was accessible from the bed room for Matt’s tools, and one accessible to the brand new household room the place I may have a coat closet and likewise retailer issues just like the ten chairs I’ve for our Wednesday gatherings. This plan additionally had a brand new laundry room and a very huge household room.
The plan with that addition was to rent a contractor to supervise the entire mission. The unique estimate that I acquired from the contractor was for a smaller 970-square-foot addition that didn’t embody the 2 closets in the main bedroom (I used to be planning on lining one wall with IKEA Pax wardrobes as an alternative of getting a walk-in closet, however I modified my thoughts on that), and it didn’t have the storage closet within the household room, and it had a smaller household room.
Right here’s the road merchandise estimate I acquired from the contractor for that smaller 970-square-foot addition with out the closets. (That is for these of you who like particulars. 😀 ):
- Allow payment for Metropolis of Waco — $650.00
- Allow payment plan overview payment — $500.00
- Engineer design for engineered basis — $3,200.00
- Demolition of current enclosed patio, aspect room and patio slab — $9,000.00
- Framing allowance for lumber and siding — $22,310.00 ($23 x 970)
- Framing labor allowance — $17,460.00 ($18 x 970)
- Open cell spray foam insulation — $4,365.00 ($4.50 x 970)
- Roofing materials allowance, shingles and flashings — $3,600.00
- Roofing labor allowance — $2,700.00
- Gutters, labor and supplies — $1,500.00
- Labor and materials allowance for brand new home windows — $3,040.00
- Labor and materials allowance for inside and exterior doorways — $8,000.00
- Drywall labor and materials allowance — $4,850.00 ($5 x 970)
- Materials allowance for trim, backer board, fasteners, primer, paint, and so on. — $23,280.00 ($24 x 970)
- Labor allowance by sq ft- trim doorways, prep, caulk, and paint — $17,460.00 ($18 x 970)
- Flooring materials allowance, 8% waste issue — $6,300.00 ($6 x $1500)
- Flooring labor allowance — $4,200.00 ($1050 x 4)
- Allowance for electrical circuit rework and relocate – $3,500.00
- Allowance for electrical tough in and trim out — $8,972.50 ($9.25 x 970)
- Allowance for fuel to new tankless water heater, HVAC unit, and hearth — $3,800.00
- Allowance to Tough in, set out, trim out plumbing — $4,750.00
- Plumbing allowance to put in pump station for sewer line, consists of trench work and tie in — $3,800.00
- Set up new ducted HVAC system for addition — $9,800.00
- Allowance to put in rest room exhaust fan and duct — $450.00
- Hearth allowance for fuel fire insert and set up — $3,200.00
- Trash/Particles Allowance by load to take away job associated trash and particles per load, consists of metropolis dump expenses — $4,500.00
- Challenge supervisor allowance mission managing time for length of the mission — $5,760.00
- Waste station allowance for port-a-jon, month-to-month $1,600.00 ($200 x 8)
- Overhead 12% — $21,905.70
- Revenue 12% — $21,905.70
- TOTAL $226,358.90
So once more, that was for the smaller 970-square-foot addition, however we had determined so as to add on walk-in closets and storage closets. I took the entire expenses which might be based mostly on sq. footage (together with issues just like the roofing, which weren’t particularly listed as a sq. foot cost), and did somewhat figuring to give you a sq. foot cost of just below $120 per sq. foot. Multiply that by the brand new bigger sq. footage, add again within the expenses that aren’t based mostly on sq. footage, and refigure the overhead and revenue based mostly on the brand new subtotal, and that gave me a brand new complete of $275,081.60.
In fact, that’s not even the grand complete, as a result of on the estimate, I discover this word on the backside:
The house owner acknowledges that they’re accountable to supply all end fixtures/home equipment that aren’t particularly included above and are accountable to verify they’re on the mission website when wanted to keep away from schedule delays or further journey expenses. These things are exterior of the supplies scope of this estimate. End fixtures embody: Door locks and {hardware}, cupboard {hardware}, bogs, sinks, lights, ceiling followers, plumbing fixtures, rest room accent bars, mirrors, coat or organizing {hardware}, blinds, and so on.
You’ll discover that there was a laundry room on the plan, however no laundry room cupboards listed on the estimate. No countertop listed. So these issues could be as well as. I might estimate that cupboards and counter tops for a laundry room that measurement could be round $8000 minimal.
Additionally not listed:
- Any kind of closet group system (I’d need PAX wardrobes)
- Any and all furnishings and ornamental objects.
I haven’t priced out all of these issues, however for the plan proven above, I’d want a headboard or mattress, two bedside tables, an space rug, draperies, window shades, lamps, ceiling fan, and different ornamental objects for the bed room. For the household room, I’d want two sofas, two chairs, a espresso desk or ottoman, finish tables, and space rug, lamps, draperies, bookcases or different “filler” furnishings, ornamental objects, lighting, and so on.
I don’t even know find out how to estimate these issues, however I might think about that I may do the bed room for about $5000 (if I DIY some issues, clearly), and I may do the lounge for about $8000.
Along with the addition 😀 , it was additionally the plan to redo the kitchen as soon as we completed the addition. It’s one thing I’ve talked about as a result of our present kitchen is small, inefficient, and was carried out on a really tight price range 10 years in the past. So the plan was (1) construct and end the add, after which (2) rework the kitchen.
I’ve been pricing out IKEA cupboards, and even maintaining the kitchen the place it’s, which was the plan with the large addition, new cupboards would have been about $15,000 minimal. New counter tops would have been about $3000. New home equipment are about $8000.
So the grand (estimated) complete for the unique plan with the large addition plus a reworked kitchen involves:
$322,081.60
That simply appears insane to me. And that doesn’t even embody a again patio or deck. That quantity is strictly for the within of the home and doesn’t embody any out of doors areas.
So will the brand new plan save us any cash over the unique plan? It has to. Spending that a lot cash on our home just isn’t even an possibility. The brand new plan needs to be cheaper, or it received’t occur. However I’ll share each value with you alongside the way in which, and I’ll maintain excellent notes, in order that we will examine the 2 plans ultimately.
The primary huge money-saving factor I should minimize out of the unique value is the contractor. Seeing how a lot of the expense goes to the contractor and mission supervisor is a big motivation for being my very own contractor. I’ll begin there with chipping away at that value, and I’ll do every thing else in my energy to deliver these numbers down. And I can’t think about how going from a 1300 sq. foot addition to a 720 sq. foot addition wouldn’t save us a giant sum of money, even with the adjustments wer’e making in different rooms. However once more, we’ll wait and examine.
So…CHALLENGE ACCEPTED! 😀
Addicted 2 Adorning is the place I share my DIY and adorning journey as I rework and adorn the 1948 fixer higher that my husband, Matt, and I purchased in 2013. Matt has M.S. and is unable to do bodily work, so I do the vast majority of the work on the home on my own. You can learn more about me here.
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