Wednesday, January 6, 2010

Budget Items

I haven't actually sat down and gone over the contractor's proposed budget for the project item by item yet, because the project is still in a state of flux. We haven't even been clear on whether or not we need an entirely new set of plans-the bank didn't get the plans assigned when it foreclosed, and the previous owner is holding the rights hostage for an insane amount of money.

I hope they look nice decorating his walls. That's about all they'll be good for in another week or so.

Designer Friend Grady asked an architect friend to meet with the city to find out what it wants before we can proceed. According to him, the city wants a site plan review and all the mechanical drawings, but given that nothing in the exterior is going to change, we don't need to do all the elevations. The architect also said the city is "giddy" that we're doing three units instead of two. I've met some of the city folks--giddy is not a word that comes to mind.

Under the FHA rehab loan we're finally approved for (a few more i's to be dotted, then we're through) we can take half of the total of the house price for redoing the house. Here are some of the contractor's budget items. (This is by no means a comprehensive list.)

Gutters (repair damage and install downspouts): $1,265
Priming and painting exterior: $17,100
Dry wall installation, tape and texture:$19,480
Interior paint: $10,850
Tile (side entry, bathrooms and laundry room): $5,030
Bathroom vanities with marble tops: $4,265
Kitchen cabinets: $11,900
Pest fumigation (tenting the whole house before the work starts): $4,753
Permits, plans and fees: $11,427

A lot of this is going to change. We're going to do the interior painting ourselves, so the labor portion of that item will go down. I thought the bathroom vanity item seemed high until I started looking at vanities online. Grady suggested we hit the salvage yards around San Francisco, and another friend of ours knows a guy who knows a guy who knows another guy who does marble. What seems low is the kitchen appliances-$2,900, and that doesn't include a frige. I think we're going with IKEA cabinets in the two rental units. We had them in the kitchen of the guest house at our old place, and they looked good and functioned well.

Any suggestions on good salvage places around the Bay area?

2 comments:

  1. Ohmega Salvage
    www.ohmegasalvage.com

    ReplyDelete
  2. The Sink Factory is also very cool. Urban Ore. There are a bunch in the city. Try Craigslist too. Or Freecycle? I've got great stuff from Freecycle. I bet Fred is an expert.

    ReplyDelete

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