Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest.
Administrative costs | $ | 20,000 | |||
Building costs – per square foot (basic) | $ | 90 | |||
Building costs – per square foot (moderate) | $ | 150 | |||
Building costs – per square foot (luxury) | $ | 225 | |||
Appliances (basic) | $ | 15,000 | |||
Appliances (moderate) | $ | 25,000 | |||
Appliances (luxury) | $ | 45,000 | |||
Utilities costs (if required) | $ | 40,000 | |||
Required:
A customer has expressed interest in having CH build a moderate, 3,000 square-foot home on a vacant lot, which does not have utilities. Based on the engineering estimates above, what will such a house cost to build?
The house cost to build: | |
Administrative costs | $20,000 |
Building costs – per square foot (moderate) | $450,000 |
(3,000 square-foot x $150 per square foot) | |
Appliances (moderate) | $25,000 |
Utilities costs (if required) | $40,000 |
Estimated cost | $535,000 |
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has...
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest. Administrative costs $ 27,000 Building costs – per square foot (basic) $ 100 Building costs – per square foot...
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest. Administrative costs $ 32,000 Building costs - per square foot (basic) $ 80 Building costs - per square foot...
Exercise 5-28 Methods of Estimating Costs: Engineering Estimates (LO 5-2) Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. Below are the cost estimates for one region in the Midwest: Administrative costs Building costs - per square foot (basic) Building...
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest.Administrative costs$35,000Building costs – per square foot (basic)$95Building costs – per square foot (moderate)$170Building costs – per square foot (luxury)$235Appliances...