5. (HW) You are interested in having a house built on a 10,000 sq. ft. lot that you purchased for $25,000. A local contractor gave you a $150,000 bid for a 2000 sq. ft. home. The contractor's cost breakdown is as follows: a. Construction permits, legal and title fees 8% b. Site clearing and preparation 15% c. Foundation, concrete, masonry 13% d. Wallboard, flooring, carpentry 12% e. Heating, Ventilation, Air Conditioning (HVAC) 13% f. Electric, plumbing, communication 10% g. Roofing, flooring 12% h. Painting, finishing 17% i. Total 100% What is the cost of the house on a per square foot basis? If you were considering a bigger house (3000 sq. ft.) estimate the cost of your house. Note: Pay attention to how you will adjust the cost of HVAC for the larger house. 5. (HW) You are interested in having a house built on a 10,000 sq. ft. lot that you purchased for $25,000. A local contractor gave you a $150,000 bid for a 2000 sq. ft. home. The contractor's cost breakdown is as follows: a. Construction permits, legal and title fees 8% b. Site clearing and preparation 15% c. Foundation, concrete, masonry 13% d. Wallboard, flooring, carpentry 12% e. Heating, Ventilation, Air Conditioning (HVAC) 13% f. Electric, plumbing, communication 10% g. Roofing, flooring 12% h. Painting, finishing 17% i. Total 100% What is the cost of the house on a per square foot basis? If you were considering a bigger house (3000 sq. ft.) estimate the cost of your house. Note: Pay attention to how you will adjust the cost of HVAC for the larger house