Pencils Down...
We have spent considerable effort to contain the cost of this project.
We have to stretched our initial budget to a level that was at the very limit of what we were comfortable with. I've spent the past 3 months trying to find ways to cut costs and economize on both the design and the finish details. I've been very careful to select fixtures that are of good quality and cost efficient. There was not much else left to cut without dramatically altering the project.
We have looked at every line item and squeezed it as much as possible, and it left us at the limit of what we wanted to spend on this house, with very little margin for error.
Our financing for the project was in place, the permits were ready to be pulled, and we were set to start digging the foundation.
Then I got the email...
I received an updated pricing summary from our builder last Friday. It seems that there was an error in our builder's spreadsheet, and it was not calculating the costs properly.
None of the site work was getting rolled up into the total. The excavation, the septic drainfield, the well, etc. were all left out of the total.
The pricing summary was off by about $100,000. I'll repeat that, ONE HUNDRED THOUSAND DOLLARS...
Given the major effort that we had put into bringing down costs, and trying to squeeze out $500 here and $1000 there, this was a deal breaker.
project rivercamp is on hold indefinitely.
This house will hopefully be built someday, but it will not be built in its current form for the current price. We will examine our options in the coming months.
Stay tuned...
Wow! What a disappointment this must be! Maybe you can still apply for a bailout before W leaves!
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Bill,
I'm new to "Twitter" and just read this.
If there is anything I can do to help with the HVAC & Plumbing, & Electrical fixtures or materials just let me know.
I might be able to get these items at or close to my "contractor" costs.(No guarantee but I will try.)
Are you going with a geothermal HVAC system?
Uncle Dale
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