Fair Contractor Payment Schedule
125 Plus Item Cost Breakdown List
The following list will absolutely provide you with a way to zero in on the actual cost of your planned home. One of the biggest nightmares with new home construction is failing to identify a cost item. I once goofed up on a bid (I was in a rush) because I was using a hand held calculator with no tape instead of my own list! The mistake cost me $8,000! Ouch!
To obtain an accurate total price, you must have two things: 1. Each major and many minor items listed. 2. Accurate prices for each item - not guesses or allowances! I haven't listed every single nut and bolt item, however, I'll bet that you will be surprised at the detail of the list. If you have a specialized job and know of an item I could include, please contact me. I have provided extra blank spaces at the end of the list in case you need to add items.
The list below works best with the questions and extra documentation I provide for in my New Home Construction Checklist. If you REALLY want a package to help you build that new home check out the New House Specifications offering at my website.
Tim built custom homes and did ultra-custom remodeling for 20+ years before launching his Ask the Builder media presence. He was selected as one of the Big 50 by Remodeling magazine in 1993. This award gave birth to Ask the Builder in October 1993. Tim also operates https://DrawPlumbingPlans.com. His @askthebuilder YouTube channel was the first home improvement channel on YouTube.