Question
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs.
Custom Homebuilders (CH) designs and constructs high-end homes on large lots owned by customers. CH has developed several formulas, which it uses to quote jobs. These include costs for materials, labor, and other costs. These estimates are also dependent on the region of the country a particular customer lives. The following are the cost estimates for one region in the Midwest.
Administrative costs | $ | 27,000 | |||
Building costs per square foot (basic) | $ | 118 | |||
Building costs per square foot (moderate) | $ | 178 | |||
Building costs per square foot (luxury) | $ | 295 | |||
Appliances (basic) | $ | 17,800 | |||
Appliances (moderate) | $ | 32,000 | |||
Appliances (luxury) | $ | 59,000 | |||
Utilities costs (if required) | $ | 68,000 | |||
Required:
A customer has asked CH for an estimate on a basic, 1,640 square-foot home on a vacant lot, which already has utilities installed. The client is a cooking enthusiast, and also wants luxury appliances. Based on the engineering estimates above, what will such a house cost to build?
Administrative costs_____
Building costs______
Appliances_____
Utilities costs_____
Estimated cost_____
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