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Methods of Estimating Costs: Engineering Estimates Custom Homebuilders (CH) designs and constructs high-end homes on...

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Accounting

Methods of Estimating Costs: Engineering Estimates

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. Below are the cost estimates for one region in the Midwest:

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A customer has expressed interest in having CH build a moderate, 3,000 square-foot home on a vacant lot, which does not have utilities. Based on the engineering estimates above, what will such a house cost to build?

Administrative costs... Building costs - per square foot (basic).... Building costs - per square foot (moderate) Building costs - per square foot (luxury).... Appliances (basic).... Appliances (moderate) Appliances (luxury) Utilities costs (if required) $20,000 $ 90 $ 150 $ 225 $15,000 $25,000 $45,000 $40,000

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