Friday, February 06, 2009

Financial Bleah

The first contractor just came back with an estimate on the model, at THREE times our budget.  It freaks me out more than it freaks Dave out, well, because that's how we are as a couple.  (Hence, I'm a nut and he is kumbaya boy)  

What worries me is that even if this is an outrageous quote, how can the quote we think is the most realistic be 1/3 what his cost is?  Seriously.

Then, we did a little math.  We've been told that square foot building cost around here was $135 at the highest.  We're hoping it's much lower now, or we still can't afford it.  However, this dude was coming in at $225 per square foot.  You have GOT to be kidding me!  That is a generous square foot equity estimate right now.  So this dude is on drugs.  We are not going to pay someone to remodel our house at the exact same amount of equity we would be adding.

So Dave, Kumbaya boy, came up with that reason for why his estimate was outrageous.  I, on the other hand, still am not convinced that our cheapest estimate is going to be within our budget.  Our budget is not flexible.  We cannot afford to go to a jumbo mortgage.  

Thus, I am getting ready for Plan B:  going back to the architect for a do-over.  We live on a half acre of land.  SURELY, there is some way to economically add another bedroom and a master suite.  And if it all stays on one floor, then hooray!, we won't have to move out.  But yeah.  I'm not thinking the current "dream plan" is going to work out.  


And yes, I know no one reads blogs over the weekend, but I have been in the weeds this week, and exhausted when I come home.  I don't think that's going to change any time soon.

1 comment:

Karen said...

I read blogs over the weekend.