[This is the Special Report 15 in Adobe Acrobat (PDF) format. Our
electronic products download immediately to your computer upon
friend with a million dollar project came to us for a chat and we saved
him $50,000 on wood windows alone. He seems determined to go over
budget by 50%. . . We know of another million dollar home that went to
$1.8 million. Big or small, your house doesn't need to go over by even
$1,000 if you follow the money-saving rules of budget fanatics like us.
Eighteen pages, revised and updated with new reader tips, web links and
comments. Includes sample budgets and budget forms.
- How do I treat sales tax?
- Using budget spreadsheet to track actual costs
- Square foot costs
- Internet cost estimating
- Special HD and Lowe's costing services
- Contingency planning
- Usng study plans for preliminary budget
- Include land costs?
- Sample percentage budgets
- What the bank wants to see
Excerpt from Report:
have every chance of staying on budget during your project. This is
another area where street wisdom is that you can't do it. "You will go
over - everybody goes over" is what you will hear. Let me tell you that
you don't have to go over. Here's the plan:
a good budget in the first place. Use the budget template that we have
provided in this Special Report. Seek bids from three general
contractors who build homes like yours. Tell them you want line item
bidding - each category spelled out with it's expected cost. Enter the
bids by line item on the template. Make a column for each of the
generals so you can compare their bids.
Now call each general
and go through his bid with him. You are looking at the template so you
see many potential categories that he may have not mentioned. Where you
don't know, ask "Why did you estimate nothing for a sewer trench?"
"That's included in your plumbing bid." "Why is your roofing estimate
so high - I have another estimate that shows roofing at 25% under you."
"Did they take into account the pitch on your roof? Roofers won't work
on a roof that steep without charging extra."
Bit by bit you
get a clear picture and tight bids from the generals. Once you are
satisfied that you have a complete budget outline for your house, enter
it onto a computer spreadsheet. If you don't know how or don't have the
hardware or software, get help. This is crucial to saving money. On
every street in North America there is someone who has a computer and
uses it skillfully..."
Sample Reader Tip Excerpts:
“I built a huge spreadsheet after reading your book
that was 90x154 cells in size. It had a section for land,
house, farm, and estimated costs, costs to date, (‘willing
to spend, bids, and actual costs’).”
passed our final inspection on Monday. We are about $25,000 over
budget! Part of it was that we forgot to budget for sales tax on every
single item. The decisions for additional expenses were made
consciously. Most extras had to do with the finish work and higher
quality materials. We are nevertheless happy and it is a wonderful
house for us."
J.M. & Nancy B.