New Home - Cost Estimates

 


Article by: Michael Russell

In this article we're going to discuss how to , An Introduction To Garage Doors calculate how much your new home , The Secret Language Of Dinnerware is going to cost you before you begin the building , Solar Outdoor Lighting Tips And Ideas process.

After you've completed the plans , 8 practical tips for bedroom living for your new home , Chairs - what to choose that you've laid out complete with swimming pool, tennis court and all one hundred and twenty-five rooms, , Kitchen Cabinet Doors it's time to figure out what this financial nightmare is going to cost you. This process is critical if you're going to apply for the necessary funds to get your home , Cleaning Your Washing Machine into the ground.

Believe it or not, you are going to need between five and twenty sets of plans , Basic Pool Maintenance Tips and cost estimates. These will be used for bidding, approvals, financing and construction. You should attach a very comprehensive set of specifications to each set. Each plan , Sauna Rooms - For Greater Health, Homes and Happiness should be dated and numbered so that there is no confusion about which are the most recent ones.

Estimating the cost of your new home , House Water Filters for Pure and Healthy Drinking Water contains many variables. As a matter of fact, it contains so many variables and unknowns that it is not an exact science. It is quite common to over or under estimate the cost of the home , House Water Filters for Pure and Healthy Drinking Water by several thousand dollars. Part of the reason this process is so difficult is that the builder must visualize a three dimensional home , Chairs - what to choose from a two dimensional blueprint. It can literally take hours to come up with estimates for the new home. , The World of Kitchen Cabinets

The costs of your new home , Log s - What's Different About Log Homes? are basically broken down into four categories.

1. Fixed Costs - Fixed costs include things like land, building , What is Injection Waterproofing? fees and the fees paid for the services of the architect.

2. Bids - These are the costs associated with bids from the contractors, , Gas Boiler: Help! My Home is Heated by (GASP) Hot Water Heated by Electric Boiler! subcontractors and suppliers for parts of the project based on the plans , 3 Benefits of Owning a Patio Awning that you've written and the specifications. These costs will only change , Chiminea - Buy It for the Versatility of Enjoying Both Fireplace and Grill! if the actual construction varies from the original plans. , Hall Cabinets, Benches and Accent Chests Increasing in Popularity This can include bids for things like plumbing, , Facts that You Should Know about Air Purifiers and Air Quality roofing, , How to Choose a Lighthouse Mailbox and the forming of the foundation of the home. , Decorative Touches for Your Kitchen

3. Estimates - These costs include the builders estimates for things such as carpentry, lumber, concrete, , Homebuilding: Installing Sill Plates site excavation and trash removal. These estimates are based entirely on the builders experience with how much material will be needed to complete the job.

4. Allowances - This includes costs for such items as cabinets, flooring, , Swimming Pools: 6 Tips to Make them Auspicious light , The Techno-Witch and Magickal Appliances fixtures and landscaping. , It's the most wonderful time of the year. The builder will give the buyer a cost breakdown of these items and then from that breakdown the buyer will determine which of these items he can do without and which ones he must have. The buyer also has the option of getting items that are maybe of lesser quality to lower the cost.

The builder's fee will typically be a percentage of the total estimated cost. The final fee of course will be a percentage of the actual cost unless the builder agrees to abide by the initial estimate. Usually in the contract drawn up between the two parties this will be stated so that there is no confusion.

Yes, estimating costs for a new home , Septic Systems: The Inside Story - Two Main Causes of System Failures is not easy and rarely comes in at the number projected. New home , Get Creative with Designs for Small Kitchen Spaces builders need to be aware of this or the final price tag may come as a big shock to them.
Michael Russell - EzineArticles Expert Author

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Michael Russell
Your Independent guide to New Homes
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