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Real Estate
Reply to "How much did you spend on your addition over the contract price? "
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[quote=Anonymous]18:38 here ... We're about 80% through a major addition and partial renovation. My guess is that the change orders on the construction contract will total perhaps 3-5% of the contract amount. The contract, of course, does not include architect's fees (for design and construction supervision); building out closets and any custom cabinets (there's a small allowance in the contract for that); window treatments; appliances or hardware that cost more than the contract allowances (which in our case are fairly generous and realistic in many cases); some additional drainage work needed; some additional retaining wall construction in the yard beyond the contract allowance, etc., etc. Overall, including the architect's fees (largest single item of those), probably 15% on top of the contract price per se, close to 80-100k in the end. But that's not the contract -- the contract bids were within 2-3% of our architect's estimate (they do very detailed specs), and the change orders themselves are fairly minor, maybe $15-20k, if that (?). The learning experience was figuring out how much of the cost (a lot) is not part of the construction contract.[/quote]
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