When our renovation and addition plans were nearly completed by our architect Joe Welch, we started a series of meetings with our builder, Dylan James to discuss the construction budget.
We had an overall number that we were willing to spend but the first rough-guess budget came in substantially higher. Ugh. So we had to buckle down to get to specifics.
The process of meeting with individual contractors for elements such as electricity, heating, and roofing took time. In addition, vendors for elements such as the garage doors, lumber, and windows needed to work up quotes based on the plans – some were fast and others took many weeks.
As the individual vendors’ and contractors’ estimates and proposals came in, Dylan added each to a spreadsheet. We could begin to see how the numbers added up to the eye-popping total.
That’s when we started a series of compromises. We wanted to get the overall spending down but we didn’t want to substantially alter the design of the house.
There were some quick and easy wins such as changing the type of metal we will use on the roof. This change alone saved nearly $50,000. But we were unwilling to save another $30,000 by going from metal to asphalt.
Going from custom window shapes to standard shapes helped a lot. In our original plans, many of the windows were not rectangular. While it looked great for windows to follow the rooflines, going to standard Pella shapes and sizes saved us money.
We worked through each of nearly 100 line items in the budget one-by-one looking for ways to save money.
We also found many items that without the budget document we wouldn’t even have thought of, like foundation insulation.
Wow! I never even considered we would be paying for a porta-potty! But there it was on the budget – a line item for “on site sanitation” coming in at just under $2,000 with the job earmarked to NSC Restrooms.
The porta-potty is an example of “you can’t get it cheaper”. While we considered asking Dylan and his crew to pee into buckets to save some money, this didn’t seem like a smart way to conserve.
It took us about 4 months of work to get the budget to the point where we told Dylan to start the work. But the effort was worth it so we can minimize surprises and enjoy knowing the house is being built at a price we can afford.