The following
documents describe a project at Hawkeye Addition, lot 4.
The client contacted myself for design and construction
work on the lots that he owned. Below are the
details of the project
BUDGET
| Land Cost |
$90,000 |
| Construction
Loan/Interest |
$9,000 |
| Permits |
$23,000 |
| 1598 SF @ $62/SF |
$99,076 |
| |
|
| Total |
$221,076 |
The home is currently listed on RMLS for
a sales price of 270,000 (RMLS #
8038718). That is an 18% discount!
Below are pictures of the house. Here is
a spec sheet. The
house will be completed in 4 months time.
   
   
We consider this house a "Level 1" home. Its
standards specs are laminate, birch cabinets, simple
fixtures, 3" millwork no fireplace, simple elevation and
no rear yard landscaping.
A "Level 2"
home would have engineered HW floors, better cabinets,
better fixtures, 5" millwork, window wraps, granite tile,
a fireplace, front elevation with stone but no rear yard
landscaping. The price would be approximately
$68/SF
A "Level 3" home would have
solid HW floors, maple cabinets, very nice fixtures, 5"
millwork, window wraps, solid granite, two fireplaces with full
height stone, more exterior stone, A/C, and rear yard
landscaping. The price would be approximately
$73/SF.
Below is a table that may describe things
better. These are APPROXIMATE price and only meant
for illustration purposes.
| Price/SF
table |
Level 1 |
Level 2 |
Level 3 |
| 1600 SF |
$64 |
$70 |
$75 |
| 2200 SF |
$62 |
$67 |
$72 |
| 2800 SF |
$60 |
$65 |
$69 |
|
|
|
