Question

I have this project, I would like to hace an idea of how to do it. I added a sample budget to get you an idea of how to designed. Thank you in advance!

This is just the sample budget of how to designed!

Chapter 1 Project Dream Plans Owning your own home has always been part of the American Dream. But how feasible is building that home? Using Pólya's problem-solving process (http://www.cee.org/tep-lab- bench/pdf/PolyaProblemSolving.pdf ), you will estimate the cost of building yourself a new house. You're the dream house must meet the following parameters. land of 10,000 ft Square footage: 1600 ftz to 2400 ftz Bedrooms: 2 to 4 Bathrooms: 1 to 3 Other required rooms: kitchen, dining area, living room Step 1: Understand the Problem 1) Read all pertinent information and identify the key information given in the project. Identify what is being asked of you for this project and describe it in your own words. (Hint: To get full points for this question, you need to include all key information) Answer: Step 2: Develop a Plan 2) What would your dream house look like? Please described your dream house in detail such as square footage in the living area, bedrooms and bathrooms, single-story or two-story, swimming pool and so on. Also, please search for a picture that best match your dream house online and paste it here. Answer: 3) Assume that you are a newbie to the home building procedure and decided to create a budget sheeting to estimate the total cost, please describe your plan to find out the total cost of building a new house by answering the following questions. Do some research on what factors (items) would affect the cost of building your new house. List as many as possible. Answer: How would you get the information for the factors listed above? Listed the source of information and the reason that you choose them as your information sources. List the citations or Hyperlinks (if websites) here. Answer: 4) As we know there is a trade-off between quick calculation and precise calculation. Then, how accurate would you expect your estimation would be? And Why? (Hint: You can show the accuracy by how many percentages of variation that you would expect on the total estimation cost. You may also answer this question after completing step 3) C Step 3: Carry Out the Plan 5) Create a budget sheet to estimate the cost of building your dream house listing all the main cost categories and detailed items on the budget sheet. Your budget sheet will be graded based on the completeness and accuracy Copy and paste the budget table here: Step 4: Look Back 6) What are your initial thoughts about the estimated cost of building your house? Answer: 7) How does the estimated cost of your house compare with the similar houses on the real estate market in your city or town? Also, include 2 web links for the house listings that you used for the comparison here. Answer: 8) Name at least two ways that you could decrease the cost of building your house. Answer: aagoroTIO based on the completeness and accuracy Copy and paste the budget table here: Step 4: Look Back 6) What are your initial thoughts about the estimated cost of building your house? Answer: 7) How does the estimated cost of your house compare with the similar houses on the real estate market in your city or town? Also, include 2 web links for the house listings that you used for the comparison here. Answer: 8) Name at least two ways that you could decrease the cost of building your house. Answer: 9) Name at least two factors that might cause the cost of building your house to be more than you estimated. Answer: 10) Name at least two things you learned in the process about estimating the building cost of a new house. Answer: 11) What would you change about your original house plans based on your findings? Answer: Your Wedding-Budget Worksheet YOUR TOTAL BUDGET SUGGESTED PERCENTAGES BUDGETED AMOUNT VENDOR ESTIMATE AMOUNT SPENT $ Reception (50 percent) Venue and rentals When it comes to spend- ing five figures of your (or your parents') hard- earned bucks, the power invested in you is not to be taken lightly. Use these sugges ted percent- guideline to figure out how much to allot to each component (Adjust the numbers as you wish; just make sure the total adds up Food and service Beverages Cake Miscellaneous fees Attire (10 percent) ages as a Gown and alterations Headpiece and veil Bridal accessories Hair and makeup Groom's tux or suit to 100 percent) To man- age expenses, consider installing computer Groom's accessories Miscellaneous fees software like the iDo Flowers and De corations (10 percent) Wedding Couple Edition (www.elmsoftware.com $30), which tabulates amounts you plug in. (For a printable copy of this worksheet, go to Floral arrangements for ceremony Flower girls buds and basket Ring pillow Brides bouquet Bridesmaids bouquets www.realsimple.com/ weddingbudget) Boutonnieres Corsages Reception decorations Lighting Miscellaneous fees Music (10 percent) Ceremony musicians Cocktail-hour musicians Reception band, deejay, or entertainment Sound-system or dance-floor rental Miscellaneous fees SUGGESTED PERCENTAGES BUDGETED AMOUNT VENDOR ESTIMATE AMOUNT SPENT Plhotographs and Video (10 percent) Photography Videography Additional prints and abums Miscellaneous fees Favors and Gifts (3 percent) Welcome gifts for out-of-town quests Bridal-party gifts Miscellaneous fees Ceremony (2 percent) Site fee Officiant fee or church donation Miscellaneous fees Stationery (2 percent) Save-the-date cards Invitations and RSVPS Programs Seating and place cards Menu cards Thank-you notes Postage Miscellaneous fees Wedding Rings (2 percent) Bride's ring Groom's ring Transportation (1 percent) Limousine or car rental for bride and groom Limousine or car rental for bridal party Transportation for out-of-town quests Valet parking TOTAL SPENT Miscellaneous fees

Answer 1

I think this may be a little difficult to explain, but here is my attempt:

In order to fully build a project on owning a house with a spreadsheet similar to the example you gave me, first you need to make a simple sketch of your house and all the accomodations it may have, because all rooms have different installations to have in mind.

So if you have to build it from scratch, you'll need a piece of land to settle, and that may be the first expense you need to take into account.

Then, according to the sketch for example ,you'll have a certain number of bathrooms: suppose you have three bathrooms, then all the things you will buy must be accounted by 3, so in the spreadsheet every installation will be multiplied by 3.

Kitchen, on the other hand, is just one room in the house (who need more than one kitchen?), but things in here may be a little more expensive, because there are many appliances in here. You need an oven, microwave, sink, fridge, and many other things; all these have to be in your total buget.

As you do all this, you take note of the things that go into creating and decorating each room, and look for prices (either online, or in the actual shops that sell what you need). If your budget is limited, probably the final amount will be much higher than what you expected to spend. SO, thinking about all this and your initial budget,you can estimate the percentage you could spend in each room, and look for better prices, or (if necessary) don't even buy some things.

Finally, you will end up with a vendor estimate, a budgeted amount and the actual price you paid (similar to the example you gave me) and you can then compare the total budgeted amount, with the vendor's one and your final money spent.

I hope this explanation was useful.