Budgets for Building
People often contemplate building or remodeling their home or business, but hesitate getting an actual bid due to fear of the unknown cost. Staying on budget can be difficult with so many options available in today’s market. Here is a list of estimated costs for common new construction, add-ons, repairs and remodeling projects.
- Roof Repairs: $1500.00 (minimum)
- Roof Replacement(Tamko Titan impact resistant): $380.00, per square
- Complete Bathroom Remodel: $18,000-35,000
- Complete Kitchen Remodel: $35,000-70,000
- 10x10x10 Pergola with metal roof with electrical: $19,000
- Outdoor Kitchen on existing patio: $10,000-20,000 (plumbing, electrical, cabinets, countertops, cooktop)
- Timber built outdoor kitchen area with slab: $25,000-80,000
- New Paint 12×12 Room(walls and ceiling): $1500
- Sheetrock Patch and paint(minimum charge): $900
- New Gutters: $7.50, per linear ft.
- Flooring Replacement: $6.00-12.00, per sq ft.
- A.C. Replacement (indoor & outdoor units): $10,000-19,000
- New Granite countertops with demo of existing(per sq ft.): $76.00
- Window Replacement (per window): $950-1500
- Door Replacement (per door): $1500-7,500
- Custom Home Turnkey (many variables): $175-280 per sq ft. living
- Shop House Basic Design: $140-190, per sq ft. living
- New Concrete (excluding dirt work): $8.50-10.00, per sq ft.
- Black-in (frame, slab, & roofing): $32.00-36.00, sq ft. total
- Interior Paint (entire home): $7.50-10.00, per sq ft.
- Entire Home Remodel (many variables): $100.00-150.00, per sq ft.
When starting a remodel or new construction it is very important to have a realistic budget in mind. Misbudgeting can lead to undo stress for all parties involved. Cutting corners on a project trying to maintain your budget never ends well. Plan ahead, invest in a feasible goal, and stay focused on the final outcome for a successful project. Small, overlooked details can add up quickly so it is important to hire an experienced contractor.
*This pricing is only an estimation in the local area and according to general market values based on my experience.
We often get mixed emotions about the bidding process on custom homes. It’s the most important part of the job and also the most misunderstood. There are so many moving parts in a bid most are overlooked. Generally when you get a checklist from the bank there are alot of items not accounted for. I find it’s most important when comparing bids to make sure that everything is included. It’s a common misconception that there’s a sq ft price used to bid a home. This can be true when pricing a spec home but when you’re talking about a custom home there are endless options, sizes, styles, and let’s not forget your taste is not the same as the next person. Turnkey bids should include pricing for all phases of the construction process and include allowances comparable to the style of your home and any design regulations set forth by your homeowners association. Building can be a very stressfull process, but going in knowing your numbers and keeping your plan on track can make it so much easier. Change orders happen on every job and most often affect the final price of your home. Always be aware of the decisions you make and the effects they have on your budget and future phases of the construction process. Included is the worksheet we use to bid a home.
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