Korpel Construction Budget


BID/ESTIMATE DESCRIPTION COMMENTS
22,500 Lot cost land, closing costs, taxes, easements
250 Permits/fees building permit, septic permit
2400 Sewer/Septic perk test, septic system installation, install line & hook-up to house
405 Water Connection hook up to house
75 Electric Service install power line, transformer, set meter & connect service to house electric panel; contact local power company for estimate
220 Portable Toilet
705 Storage Van
634 Lot layout surveyor or contractor to mark house corners & set offset stakes for digging foundation
DIY Clearing/site preparation clear trees & underbrush, cut wood into firewood lengths, stack
1870 Excavating dig foundation, separate topsoil, remove/bury stumps dig footings, install steel, pour concrete erect foundation walls, install drain tile around foundation, apply waterproofing
11,000 Foundation/footings
551 Steel furnish & install any special steel reinforcement or beams required
700 Termite treatment treat foundation before backfilling, furnish certificate &
480 Backfill/Rough grading backfill around foundation & smooth to within six inches of final grade
1,500 Gravel fill furnish & install if required
84,392 Log package, including delivery complete delivered cost kit minus downpayment
5,000 Log package downpayment
500 Unloading logs inc. forklift, labor forklift rental, labor to unload & stack kit (may be included with construction contract)
15,190 Windows/patio doors not in pkg. delivered price
2600 Interior doors not in pkg.
300 Framing material not in pkg. delivered price for framing not in kit
32,000 Framing labor cost to erect all of kit, incl. roof
1,300 Masonry/stone material & labor for stone veneer on foundation, retaining walls, fireplace chimneys
4,400 Concrete flatwork basement, garage, porch floor slabs
100 Exterior paint/log sealant materials & labor
700 Garage doors/openers materials & installation labor
552 Rain gutters materials & labor, include splashblocks for downspouts & outside water spigots
900 Decks not in pkg. materials & labor
DIY Insulation materials & labor for ceiling, roof, subfloor or foundation,
1,500 Drywall furnish, install, finish joints
1,100 Interior finish material baseboards, closet shelves, rods, crown & specialty moldings, trim, interior window trim, stairs
DIY Interior finish labor
200 Interior painting/log finish materials & labor, including sanding, filling nail holes
incl. Wrought iron/wood railing materials & labor, stair & loft rails
11,665 All flooring
Ceramic tile materials & labor, including underlayment, adhesives, grout
Vinyl flooring materials & installation, include underlayment, adhesives
Hardwood flooring/inc. floor finish materials & labor, flooring, underlayment, sand, seal, finish
Carpet materials & labor
7600 Cabinets/vanities/countertops kitchen, bath, laundry/utility room cabinets, vanities, medicine cabinets
70 Caulking/dampproofing materials & labor
2,500 Appliances refrigerator, range, microwave, cook-top, dishwasher, disposal, washer, dryer
500 Finish hardware door locksets, hinges, door stops, towel bars, toilet paper holders
2,000 Fireplaces/stoves material & installation, fireplace, chimney, hearth, mantel, cap
825 Electrical install service panel
750 Electrical DIY Rough wiring, switches, plugs, covers, hook up appliances, HVAC, hot water heater, smoke detectors, cable TV, telephone
1500 Electrical fixtures material & labor for lighting fixtures, flood lights, motion sensors
5,500 HVAC materials & labor for heating, ventilation & air cond., include bathroom, dryer vents, humidifiers, dehumidifiers, air cleaners
8743 Plumbing materials & labor for rough plumbing, hot water heaters, tubs, showers, toilets, hook up icemaker, disposal,
200 Final grade replace topsoil
100 Rake, Straw, Seed material & labor
1,200 Drives, walks, patios materials & labor to clear, grade, gravel & finish entrance road or drive, including drainage pipes, railings, asphalt or concrete if required
250 Retaining walls materials & labor
700 Trash removal, clean-up, dumpster removal of construction debris, include hauling & dumping fees
800 Insurance general liability & builders' risk
238,927 Subtotal
Financial costs obtain estimate from lender
238,927 Total Building Cost
-28,550 Out of Pocket Expenses Subtract from total expense for loan estimate
210,377 Subtotal Construction Loan Estimate
220,895.85 Total Construction Loan 5% contingency for unexpected expenses
Legend
color blue=out of pocket
color green=estimate
black=bid

Last Update: 5/23/96

Name: Joost Korpel

Email: jkorpel@gsbth-po.igsb.uiowa.edu