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Remodeling Costs And Estimates - Remodeling Questions
1.10 Renovating a 4000 sqft house built in 1926?

Q. I have a large family and we need a large house. I found a house that is 4000 sq ft, for $25,000. I assume it is cheap because the house is in a very small town with little opportunity of finding someone to buy and restore it or live there. It's in South Carolina town where the average income is $29,000. I am interested in it, but on a budget and it doesn't look like it has had much done to it in the last couple of years. I would get everything checked out of course and want estimates about the exact cost to get the house up to code. It appears to be sturdy, but...I am going to assume that there will be certain things that will have to be done: electrical, windows (some are broken), and some plumbing. I know it will need siding and I am assuming it will need roofing. What I am researching is the cost per square foot of various siding and roofing products installed, as well as, ideas/ways to save on remodeling. My budget for a house was $100,000. I can do some of the work in the house and just want the minimum done by professionals. It also does not have central heat and air. I grew up without either, but my family wouldn't tolerate it for long. What are the possible costs of an HVAC system (installed) that cools 4000 sqft? I am thinking multiple units since there are three floors. There are many other costs such as flooring and plaster work, so I would appreciate tips hints, and stories about renovating old houses. I am also interested in places where I can buy wholesale, in bulk, salvage, and surplus from large projects. I am willing to drive up to 500 miles to purchase in bulk. I should note I am not looking to make it historically correct, I am more concerned about the safety and codes. I appreciate the help.

A. I've been a carpenter for 35 years and a General Contractor for 30 yrs. The key word in your statements is *Family. This project is not something you want to put your family through no matter how good of a deal you think it is. When I do a large renovation to a home, and I always try to do this without displacing the family, I sit both spouses down and talk about the trama that is involved on the family while this project is taking place. As neat and clean and careful as we are to not over disturb the family members - it all gets too much sometimes. Some of your statements bother me greatly. You will drive up to 500 miles to buy in bulk? That is not logical - Will you then drive 500 miles to complain if some of the product is bad or not useable? Or to buy more if you need it? Leave this Money Pit to a single person or a young couple with no children - this is the last thing you need to put your family through. A project like this could easily cost you $100,000 if you want it done right. Look at these figures. Electrical $9,000 - $13,000 Hvac $10,000 - $15,000 Plumbing $5,000 - $10,000 does not include any fixtures or water heaters Roofing/Flashings/ $10,000 - $15,000 Windows $6,000 - $8,000 Siding/Chimney tuckpointing $6,500 - $8,500 Gutters/Downspouts $800- $1,000 Floor coverings $ 12,000 - $15,000 Lead Paint abatement if required $5,000 Interior wall repairs plaster/drywall $5,000 Interior painting $6,000 - $10,000 Kitchen cabinets/counters $25,000 + Insulation $4,000 - $6,000 Bath/Kitchen plumbing fixtures $10,000 + Lighting Fixtures interior/exterior $2,500 Well/Pump/etc. water lines to house if applicable $2,500 Porches/sidewalks/driveway $5,000 You won't need all of these maybe, but not being in the construction business you will surely overlook some of these and the dollar amounts that goes with them. This house probably isn't such a good buy at this price, it just seems that way to those who don't understand how costly this can be.

1.00 How can I get a contractor to work on a house?

Q. I inherited a rather large Victorian style house. It is in desperate need of maintenance such as roofing, trim repair and painting, asbestos remediation, wiring and plumbing. I've called just about every contractor in the phone book or in the local trades. Most of them don't even return my calls, and the ones I am able to reach directly are either too busy, don't service my area or don't do residential work (I wish they would say that in their ads). I also tried Service Magic, but the few that did respond to my inquiries gave very high estimates - like one that wanted $18,000 to do one area of the roof. I think $1,800 would be a lot for one dormer! Like I sais, some things need immediate attention. What is a good way to get a reliable contractor?

A. Old homes like that, although beautiful, require regular maintenance. If let go, the damage caused can really add up $$$$ quickly. Sounds like you have quite a bit of water damage already. The suggestion to get an inspection with a good contractor is right on. He'll be able to give you at least a ball park figure of how much it's gonna take to get the place back into decent shape. Be prepared for a pretty hefty amount, and, as a WAG I'd say it could approach $200 sq ft to remodel. I know that sounds crazy when some brand new houses are going for $100 sq ft, but think of the work involved here. The house will likely need extensive demolition work for starters, then the mechanicals will probably all need ripped out, replaced, and brought up to code, and then the finishing work will begin. After remodeling many old homes I do know one thing - It's usually a few steps back (wrecking stuff) before it can be built again to today's standards and that is what costs the $$$ . Just be patient, the good contractors are all busy now and will get to you soon. Good luck. I love them old homes.

1.00 I'm looking to build a custom home in the SF Bay Area. What is the avg sq/ft construction costs?

Q. I have the land on the Peninsula (slight slope w/ leveled areas) and architectural plans (2 story home (~2500 sq/ft)). I am looking to have average finishes with the exception of the kitchen which will be higher end. Does anyone have any ballpark estimates for construction costs on a per sq/ft basis?

A. I just finished a remodel (almost complete rebuild) of a home in San Diego. It has a lot of custom appointments, but nothing too esoteric. But, everything is basically brand new. It's about 1750 square feet, and the insurance company said we should insure it for about $600,000 to cover a complete rebuild. So, you're looking at just over $300 a square foot. And, this makes sense, because I seem to remember it was more like $150 to $200 about 10 years ago when I was looking into building a custom home.

1.00 How much should it cost to clean out a A/C furnace Unit. (Professional clean.)?

Q. Apparently, the lady who own the house before me( I have owned it for 5 years) had the furnace serviced, and no one replaced the filter, as a result, dirt, debris and mildew has collected on the coils and around the casing that encloses the blower. I have never had it cleaned and did not know there should be a filter in the unit, so I never changed it. I would have it I had known. I have been given a price to have it cleaned, to pitch it to make it drain, (it is laying flat), add a filter and add a little freon. Don't want to be taken advantage of.

A. Regular yearly service is around $100. Yours sounds more involved, so I would think it shouldn't be any more than $250. Call a few other places and describe what your guy is doing, but don't mention how much he'll charge and ask them what they'd charge to be sure you're not getting taken. I can't imagine it costing over $300, but if the rust is real bad etc. you might run into some surprise costs, (although it's unlikely). If the unit is around 10 years old or older and the worst case scenario with rust being real bad and parts needing to be replaced, making the cost close to around $1000, then I suggest buying a new unit for another $1000. You'll get a whole new warranty and a new unit will run more efficiently and cost less to use. That's IF they give you a rediculously high bid. I can't be sure until I see the unit. Your best bet is at least 3 free estimates. Call and ask, then decise if it's worth repairing or replacing depending on the cost. My hunch is that if there's not too much damage, that it will be under $300.

1.00 How can you determine if an area of the country will require union labor for a construction project?

Q. I would like to base my labor estimates on projected labor costs and i know certain areas require union labor i just don't know how to figure out those areas without bidding.

A. A big guy named Vinny shows up and tells you how much "yoos guys gotta pay."

1.00 How estimates the cost of the site project ?

Q. For example, facebook or ebay ? What have an influence on the profit ? For clarify, it is not about production but about the end project. And thanks for the producing answer!

A. You need to break down all of the tasks that need to be done in order to complete the project. This would be a very long list for something like facebook or ebay. Then you need to estimate the duration required to complete each task. You need to know how much you would need to pay somebody an hour to do that task. So, let's say you need to create a new database and estimate that it will take 60 hours to create it. Your DBA costs $120/hour. So, that cost for that task is 60 * 120. Go down the list of each task and then add them all up. You will also need to understand hardware costs. You may need to purchase servers or lease them. Then there are marketing and ongoing operational costs, etc...etc... Income minus costs equals profit (or lack there of). Keeping your costs lower increases you opportunity for profit. Look at each task and ask if there is a quicker or less costly way of doing it.

1.00 How accurate do you think a company's estimates of the net present value of a proposed project are?

Q. How accurate do you think a company's estimates of the net present value of a proposed project are? Refer to both the initial investment and to the components of the cash flow: revenues, operating expenses, depreciation, taxes, and the cost of capital to use for the computation of the present value. Which of the following do you think would give you the most accurate NPV calculation: (a) a brand new retail startup (b) a pharmaceutical company introducing a new drug (c) a company with a successful product in Chile trying to introduce it to the USA.

A. The most accurate valuation would be the retail startup -- because there are thousands of comparable firms around that you can compare it to. However, you would not be able to do a good cash flow analysis of these projects -- so while I stand by my claim that it is the easiest to value, it is the hardest to value using the NPV method. New drug revenues are notoriously hard to predict due to regulatory problems, marketing costs and uncertainty about demand. This is obviously not the right one. Using option pricing is a better method than using cash flow analysis. That leaves the third choice. Demand and cash flows can be estimated pretty well using historical information in Chile. This is the only one of the three where you can get realistic cash flow projections -- so is the one your teacher wants.

1.00 How to estimate project manager time in a project?

Q. Estimates are all over the map. If managment says "PM time should be 20% of total project time" where do they get that?

A. Nope! Wrong! I take a much more realistic view of my cost on a project! If your only talking about strictly the project manager's time in a cost proposal or budget I estimate my personal time and salary as an estimated fraction of my personal salary. If your talking about the cost of project management (including the cost of operation of the overall project manager's staff and budget) I still estimate, the cost as a fraction of the overall operating costs. On project start-up, the costs may be 50% of my overall time and resources but (hopefully will drop each month) and, as the project nears completetion, to below 10% each month. It is unrealistic to apply an arbitrary 20% to each project. This is tough to drive home depending on your management. However, don't cry wolf claiming that every project thrown at you is the worst and most time consuming of all! Remember those projects (very few to be sure) that came together with an unexpected ease that makes your chest puff out and you say, "Oh, what a great project manager I am!" BS! You are human and so is your management! Expect a bust (even a failure), just don't make it a regular expectation or practice! Be realistic and honest and your management will appreciate and respect it!

Remodeling Costs And Estimates

 Remodeling - Remodeling Costs And Estimates To calculate a project’s Remodeling approximate estimate, you have to take a lot of factors into account. This is because, in a Remodeling and Additions project there is no way that the cost can be estimated without making a detailed study of the requirements and needs of a particular family.

 home remodeling contractor in Indianapolis For instance, consider a case where a family needs an additional bedroom and bathroom for their children. The existing Indianapolis home is positioned on a flat lot, with the scope to freely develop wherever needed. The family’s dwelling also has an uncomplicated roof plan that lets the physical connections for the addition to be made without making any major structural changes to the existing home. The plumbing scheme has a capacity for a supplementary bathroom and drain, and water supply connections aren’t a hassle. The process of getting construction permits and procedures in Indianapolis is simple, and hence, demands a smaller amount of time and energy and lower charges to the contractor. Moreover, as the structure is very basic and does not involve high cost alterations, it leads to a low cost for this family’s addition.

On the contrary, a single executive may want to re-structure her Indianapolis bathroom, but her condo association may have severe rules, regarding the alterations that can be made. The expenses and possible delays in getting the project approved and sanctioned may cost much more, irrespective of the additions the executive wants. A bathroom renovation is definitely costlier than the construction of a whole new basic kid's bedroom, because the additions may include fancy items such as tiles, countertop, a toilet, bath tub etc. All these fittings are costlier compared with the very basic demands of the first family.

Contractors and builders in the Indianapolis area will provide you with a wide variety of convenient Price per Square Foot quotes. This can help you determine the project outlay. The family in the first example above could be working on a budgeted estimate if $70/square ft to $150/square ft. In case of the second instance, a higher estimate is necessary. The fact is bathrooms and kitchens are certainly the costliest spaces in any dwelling! They call for electrical, plumbing, and HVAC work. Also they are typically completed at a much higher price level than other sections in a home. A high-end bathroom project could be priced between $200/ft to $400/ft!

The best way to estimate the cost of the entire project is by questioning your own needs and requirements. If on a tight budget, then prioritize your needs and then list your wants. However the best way of doing it is by getting hold of a builder or contractor. A reputed professional Remodeling will gladly help you figure out an estimate according to your needs. We would be glad to offer our services in helping you choose the best professionals in the Indianapolis area.

Its important that you be able to put across your ideas regarding the project clearly and precisely. You have to first know what you want and then present the same. Go step by step. First, list out the essentials, and then research them in-depth. Don’t panic! The process is fun if you enjoy it. Even if there are small problems, slight delays etc, hold firm to your basic plan, and don't try to change the plan. Stick with the plan and it will all come together for you.

Wondering how to work on your project Remodeling prices, tensed about what exactly to include when you talk with Indianapolis area contractors? Here are some suggestions:

1. How big is my Remodeling project predictably going to be?
- Consider in terms of Square Feet.

2. What kind of structural work am I looking at?
- First figure out whether an excavation or fill is a must do. Check if there are trees that require clearing. Also evaluate whether your project is on a flat lot or irregular land, and, and drainage concerns.
-Would the foundation require any kind of special attention?
- Will your foundation be strong enough for another floor if you are planning one? Exactly how much of reconstruction is required, and where? Are there any hurdles that may call for special attention?

3. How many doors and windows are you planning on?
-Always remember that the number of doors and windows on the envelope (Four outer walls) of your house play a vital role in the inside of the house being hot or cold.

4. Are there any valuable hints for the roof of my Remodeling project?
- Do you have a flat roof or commercial style roof? Are there complicated angles that will need to be particularly well accomplished?
- What sort or level of shingles or tile will you use? Expensive clay tiles or molded rubber slate look-alikes? Simple 1 tab shingles?

5. What kind of interior finishes do you have in mind?
- Do you plan on Luxurious, traditional door hardware, or average production-level knobs and levers?
-What kind of flooring and how much of it? Will it be an economic carpet or Vinyl or more expensive solid wood, designer tiles or marble?
-How much wood work would you need to get done? include cabinets, book shelves etc.
- What type of countertops and firm surface materials will you use? Laminate countertops are characteristically the least costly alternatives (although there are expensive laminate products available), while solid surface natural stone (granite, marble) or man-made solid surface countertops (quartz, aggregate, concrete, Corian) are more elegant.
- What about lighting and electrical ideas?
- What about climate control systems? Is the area going to be too hot or o cold and how do you deal with this?
-How much plumbing is required and what sort of fixtures do you have in mind?

By now you must have an idea of what you need to figure out before you can call contractor. Now that you're here, we're ready to connect you with the most reputed and competent contractors to get your Remodeling project going! All contractors are pre-screened and are licensed professionals. All you need to do is send us your details and wait for our Indianapolis zone partner contractor to bail you out of all those construction related worries! You'll hear from an experienced reputed contractor and all for FREE! All you have to do is figure out which contractor suits your needs the best.

Recent People With Remodeling Needs:

I am trying to budget adding a bathroom to my basement...home built in 1954 with 2 bed/1 bath...basement will be converted to daughter's space in a few years...possible add egress to make compliance with 3rd bedroom requirement also

Deb A

Moving to KC (looking to buy a home in Parkville). The house we are considering is new construction with about 1200 sq ft of unfinished basement. What is the ball park square footage price to finish with framing a bedroom, installing a bath and the rest as media room with bar? I realize this is general, but I want a general idea of costs. Thanks so much. Look forward to hearing from you.

Sandra S

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