All Forum Posts by: Glen Fernandes

Hi, I have been running a small remodeling contracting company over the past 6 months (i.e. drywall, paint, flooring, trim). I recently provided the below estimate to a GC prospect, but received pushback mentioning that the price quoted was 2X than the 'market price'; he was expecting a price around $6-8 (vs. the $20K that I had quoted)

I am basically trying to understand if my estimation is WAY off, and if I need to bring my cost structure down. 

Scope of work:

• 2,500 sq.ft single-family home
• Installation of 65-75 sheets of drywall throughout the remodeled areas, including taping, finishing, interior paint and primer (does not include framing, as it is already installed)
• Installation of 6 interior doors
• Removal and new installation of three windows
• Installation of baseboard and trim for bedrooms, bathroom, closets and stairs
• Installation of bathroom and shower fixtures (e.g. three bathroom vanities)
• Installation of closet and shelving in kid’s bathroom
• Installation of insulation (as needed)
• Clean-up of areas where work was performed

My quote:

• $20,500 (inclusive of only labor, material is fully supplied by the GC)
• Labor includes 3 skilled workers + 1 foreman (allocated full-time); effort estimate is expected to be <15 days

@Jonathan Klemm Thanks for the response, and see you at this weekend's virtual walkthrough. The lot roughly measures 18 x 26 as shown below; I was somewhat surprised of the rear parking requirements since this is not a new construction. 

I will reach out to your recommended architects on how to best engage. I am leaning towards going under contract, contingent on architect review 

Current State: 2-unit (2-BR 1 BA each) with unfinished basement (egress and height requirements in place) in West Town

Rehab Goal: 3-unit (3-BR 1 BA each) 

Issue: A local architect mentioned that while the property was currently zoned to accommodate 3 units with 3 BR each, I would need to create 3 parking spaces in the rear. There is not enough space to accommodate 3 spaces (2 would be pushing it).

Are there any creative options around the parking spaces? (e.g. permit exceptions) As a side note, there are a multitude of CTA bus options in the same block.