"PROJECT BUDGET "

(This is provided as a budget check list. It will work as a guide for determining moderatly accurate budgets for a typical residential project. Your thoroughness in researching and tallying these costs will pay off as the process developes)

LAND ACQUISITION

Purchase price

Closing costs

Land survey and plat

Taxes

Title search/insurance

Pre- purchase inspection (existing structures)

Appraisal

Financing charges/points

Construction insurance

PLANNING, ASSESSMENT AND DESIGN

Site Survey-after land survey(setting boundaries)-maps contours, orientation, trees, vegetation, geology, view angles, utilities, and roads (interior and exterior scale drawing, if building exists on land)

Building program- what you plan to do, need and estimate of costs.

Design- sketch plans, revisions, final plans, working drawings and budget.

Consultants-engineering, alternative building specialists, sub contractors, etc.

Education- workshops, classes (for green building)

Research- book purchases, subscriptions

Drafting services

Blue printing costs

APPROVALS

Building permit

Plumbing permit

Electrical permit

Planning and zoning procedure costs

Historic commission procedure costs (in Historic districts-Telluride)

Sanitation permit

Well permit (ditch rights)

FEES

Water Tap fees

Sewer tap fees

Electrical connect charges

Phone connect charges

Other communications charges-cable tv, fiber optics

Road/access assessments

Home owners assn. fees

SITE UTILITIES/GRADING

Roadway construction

Construction Access

Temporary (construction )power

Sewer line /septic system installation

Well/ water line/ catchment system installation

Power line extension/ Photo voltaic system installation

Phone line installation

Cable tv installation

Site improvements- terracing, grading, ponds, berming, wetlands,

play areas, recreation amenities, ditches, water catchment

(If you're moving a structure, add that cost here)

SUPPORT STRUCTURES

Garages

Shops

Temporary living quarters

Out buildings- pump houses, pv sheds, root cellar, dog mansions

HARD BUILDING COSTS

This item encompasses the cost of actually constructing or remodeling

the building itself. It can be calculated by either using comparative, rough square footage costs typical of the area , by developing your own

itemized construction budget, or by having a contractor bid the project.

COSTS INCLUDED:

Demolition and disposal (existing structures)

Foundation

Building shell- frame, steel, strawbale, adobe, cob, timber frame

Exterior finishes

Interior finishes

Plumbing/ electrical

Fixtures (as specified)

Appliances (as specified)

Heating/ cooling systems

Floor coverings

(**note- when comparing different building systems, ie adobe vs strawbale,

use only those comparative shell cost differences---other items above

will stay basically the same)

(** typical new construction--frame structures--are 70% materials and

30% labor. Remodeling is usually 50% labor and 50% materials)

(**Be sure you know ,when being quoted per square foot costs, what above is and is not

included. Lots of amateur builders' cost quotes don't include the

labor they put into their own homes-30 to 50% of the total cost. Don't be

misled by believing that green building is cheap or easy--it costs the same

as good quality frame construction if you have it done. If you're going to

save money by doing it yourself, find out in advance how much time that takes and carefully

plan what that's worth and where it's going to come from. Friends and community bale

parties can be fun and a huge savings, but know for a fact your estimates of that labor

value are realistic. Seasonal limitations and financial/time shortfalls are disastrous

ways to watch your project fail)

EXTRAS-(things not typically included in construction contracts)

Fixtures(not budgeted in contract)

Appliances (not budgeted in construction contracts)

Draperies

Furniture

Stock

(it's really smart to set aside something for final cleaning and stocking

before you move in)

CONTINGENCY/ TUNE UP

(Despite your best plans and budgets, your project will go over!

I add the following percentages to my budgets depending on which stage

of development and leg work they're on: 15-20% for preliminary

figures, 10% if the budget's been developed with sub-contractor costs,

and 5% for final detailed budgets thoroughly researched. No house is

ever done and there will be things that need "tuning up"or go wrong

and you'll need to take care of them.

AFTER PROJECT EXPENSES

Phone connect service charges and deposits

Electric service deposits and connect charges

Cable tv connect charges (not already included)

Taxes

Final appraisal/ bank inspection

Temporary structure/power removal

Clean up and disposal

Insurance

Final power connect

Moving expenses

LANDSCAPING AND GROUNDS

Gardens

Plantings-trees, shrubs, lawn

Watering systems

Grading and terraces

Livestock facilities