Yesterday was bid return day for our addition. We got exactly one bid back. Out of three builders. Who still claim they want to do the job. Hmmm, this does not seem to bode well for actual construction. I'm guessing the bid is not the most difficult or time intensive part of the project.
Of course, with the bid estimate we just got back, there may not be a project. The only possible way for this to happen is if they are bidding in monopoly money. Or possibly jelly beans. But, even that would be expensive.
The bid came in at roughly $200 per square foot. We own the property, let's not forget. Oceanfront property, which is supposed to be the expensive part of the whole deal. The framing alone is $89,000. $51,000 for materials, $38,000 for labor.
Lest you are thinking we have expensive taste in finishing work, let me set you straight. We DO have expensive taste in finishing work, which is why we had the job bid without most of it. This does not include the kitchen at all! I will have to tell you later about the kitchen cabinet only bid of $42,000. There are 17 cabinets.
This does not include the $20,000 tile bid (uninstalled). Or decorative light fixtures. Or a tub in the master bath. I could go on for quite a while. But, I will finish by telling you that this does not even include paint. PAINT is not included. Why? But, they gave us an estimate in case we would like them to paint. That would be $22,000 for the inside. $11,000 more if we want the exterior painted as well.
So, $200 per square foot gets us a very nice shell. Excellent value, don't you think?
Anyone thinking of changing professions? Or locations? We're now accepting bids on a much smaller home addition.
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