The Project Budget

Following is a working budget for this project.  For better or worse, it will show our financial progress as the project moves forward.  As with the rest of this blog, my hope is that it helps others who are contemplating a similar project.

Download (PDF, 71KB)

 

 

2 thoughts on “The Project Budget

  1. Glad I found your site… been planning a home for the last 6 months, not quite passive but very well insulated. I going to go with the double wall construction route.

    That said, do you have the latest budget? I’d like to see where your numbers come in. I’m trying to figure out where I’ll be at, I think my cost will be a bit less as I’m on ‘flat’ land and live in Toledo, Ohio where the cost of home adverage about $125 a sqft.

    I’ll keep reading and thanks for sharing!

    -Rick

    • Hi Rick – I do know how much this house cost me to build. But as you noticed, I stopped tracking/updating that info on the website. I did that because I concluded that there’s just so much variation when talking about projects that it probably isn’t much use. For instance, as you indicate, there’s a geographical difference that can be significant. At the same time I built this house, my nephew had a McMansion built in Michigan. According to him, it only cost about $120/sqft (the house is about 3200 sqft), and the exterior is all brick. Based on my experience, there is no way that would happen here in PA. This house cost me about $238/sqft to build. But there are a number of things that may or may not apply to someone else who is planning a similar project. For instance, that cost includes the 24’x32 foot detached garage. And instead of using fiber cement siding on the garage, we had stone put on it at a cost of about $25,000. Similarly, inside the house, I could have put Lumber Liquidators white oak throughout at about $3.30 a square foot. We did that on the second floor. But on the first floor, we chose to use reclaimed white oak that was sliced from old beams. That cost us about $9.00 a square foot. For the kitchen countertops, we could have gone for an “economical” laminate or slightly upscale man-made solid surface product. But my wife’s eyes were drawn to the high-end quartsite stone, which upped the cost considerably. Back outside, on the porch deck I ended up using Thermory white ash, which was a significant upcharge even when compared to a top of the line capped composite. At the other end of the spectrum, I did a lot of my own electrical, installed the kitchen cabinets, tiled all the bathroom floors, framed all the interior walls, built all of the bathroom vanities, installed my own ventilation system, assisted with the excavation, milled the exterior trim, installed all of the interior doors and trim. I could go on. The point I’m trying to make is that without knowing all of those details, it seems almost impossible to make any judgment about the cost of another project by looking at mine. But having said all that, if you have any questions about the cost of any specific items in my project, say the word. If you think it will help you, I’m happy to provide it. I know this is a rather long response, but hopefully it helps. Good luck!

Leave a Reply

Your email address will not be published. Required fields are marked *