Thought I'd share an update, and the costs I've hit so far on this project.
Couple of pics to start things off.
I have to be over there almost daily keeping up on stupid things and decisions the sub-contractors do not fulfill. I'm honestly really fed up with the general contractor.
As a reminder, I pay the exact invoices that are submitted to the GC. I then pay a fixed 9% fee on top of the non taxable amounts they were billed. Here are my costs so far.
|Cost Summary To Date|
|Design and Engineering||$4,144.60|
|Builder Fee to date||$22,905.90|
|Toilet on-site to date||$555.41|
|Lumber to date||$58,047.42|
|Electricity to date||$210.00|
|HVAC to date (80%)||$12,583.08|
|Roof + gutters||$7,245.45|
|Total Spend to Date||$296,360.23|
I'm guessing I have another $50K to go.
That will put the total project (building only, I already owned the land) in the $350K range. I had budgeted $400K for the project.
Per sq foot that would be right about $105/sqft.
If you paid 58k for lumber I’d look to a lower cost competitor. That is crazy high.
@Sean Kollee . That is EVERYTHING that comes from that one vendor. I think it would include the windows etc.. I'll check into it. There were SO many bills from that one vendor I started to lump things together.
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