EstimateCost (3)z.pdf - No One

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Appraisal of: Rt 30, Manchester, VT The appraised value of this home is $144,474 The cost to replace this home with a new home of like kind and quality would be $144,474. Physical and functional depreciation of this home has reduced the value by $0 or 0.00%. This appraisal of this 1,200 square foot single-family residence located at Rt 30, Manchester, VT was completed after a visual inspection of accessible areas of the property. This is a cost-basis appraisal. The appraised value is the cost of replacing the home with one of like kind and quality but reduced by loss in value due to physical and functional depreciation. The appraised value does not include the cost of land (the prepared building site) but does include utility lines under the building and excavation for a foundation. Costs are current to December, 2020. Replacement is assumed to be done under competitive conditions without significant labor or material shortages. This report has been prepared by No One. Address: VT Preparer's role: Your Humble Servant Characteristics of this home include the following. The perimeter of the building has 4 corners. The living area is 1,200 square feet at $120/SF (considering all site improvements except garage/carport). The number of stories is 2. This home was built in 2020 (average age considering all additions). Basement: 600 square feet of finished basement. Sloping Site: This home is built on sloping ground. The lowest point under the house is 5 feet lower than the highest point. Forced air central ducted heating only The quality of this home could be summarized as "Class 5, Average Standard." Homes of this quality commonly have the following characteristics: Class 5 foundation and floor. Reinforced concrete or concrete block foundation. Conventional wood frame floor or slab on grade. Class 6 frame exterior walls. No offsets, decorative openings or changes in wall height. Class 6 exterior finish. Hardboard or vinyl plank or panel siding or inexpensive stucco. Class 5 windows and doors. Standard grade vinyl windows. Commodity grade interior and exterior doors. Class 6 roof and soffit. Simple roof plan with minimum composition shingle or built-up roof cover. Small open soffit. Class 5 interior finish. Textured average quality gypboard. Most walls are rectangular. 8 foot ceilings with spray acoustic texture. Class 4 floor finish. Masonry or tile at entry. Better sheet vinyl or average carpet elsewhere. Class 5 bathrooms. Average plastic tub and shower in master bath. Three fixtures in other bathrooms. Class 5 plumbing and electrical. 3 low-cost plumbing fixtures per bathroom. 12 light fixtures. 5 built-in low- cost appliances. Class 5 kitchen. 10 LF of minimum wall and base cabinets. Low-cost acrylic or plastic counter top. Family Occupancy - Page 1 of 3 The condition of this home could be summarized as "Class 1, New." Homes in this condition commonly have the following characteristics: Class 1 foundation and floor. Less than two years old. No cosmetic or structural defects. Meets contemporary building standards. Class 1 exterior walls. Less than two years old. No cosmetic or structural defects. Meets contemporary building standards. Class 1 exterior finish. New or newly refinished within the last two years. No cosmetic or physical defects. Meets contemporary building standards. Class 1 windows and doors. Less than two years old. No cosmetic or structural defects. Doors and windows operate smoothly and meet contemporary building standards. Class 1 roof and soffit. New or newly refinished within the last two years. No cosmetic or physical defects. Meets contemporary building standards. Class 1 interior finish. New or newly refinished within the last two years. No cosmetic or physical defects visible. Meets contemporary building standards. Class 1 floor finish. New or newly installed in the last two years. No cosmetic or physical defects visible. Meets contemporary building standards. Class 1 bathrooms. New or newly remodeled in the last two years. Cabinets, hardware, counters, mirrors and fixtures are new. Meets contemporary building standards. Class 1 plumbing and electrical. New or newly installed in the last two years. No defects apparent. Meets contemporary building standards. Class 1 kitchen. New or newly remodeled in the last two years. Cabinets, hardware, counters, fixtures and appliances are new. Meets contemporary building standards. Replacement Estimate by Cost Category Direct Cost Items Item Name Materials Labor Equipment Total Excavation ---- 2,116 790 2,906 Foundation, Piers, 9,320 10,226 2,329 21,875 Flatwork Insulation 1,254 586 ---- 1,840 Rough Hardware 236 258 59 553 Framing 7,645 7,666 ---- 15,311 Exterior Finish 4,401 1,860 842 7,103 Exterior Trim 314 405 79 798 Doors 1,534 734 ---- 2,268 Windows 1,546 526 ---- 2,072 Roofing, Soffit, Fascia 4,048 1,946 ---- 5,994 Finish Carpentry 1,497 4,460 ---- 5,957 Interior Wall Finish 5,658 6,060 ---- 11,718 Lighting Fixtures 1,198 263 ---- 1,461 Painting 1,572 2,565 ---- 4,137 Carpet, Flooring 4,291 2,195 ---- 6,486 Bath Accessories 574 252 ---- 826 Shower & Tub 374 219 ---- 593 Enclosures Plumbing Fixtures 3,368 1,151 ---- 4,519 Plumbing Rough-in 1,671 2,927 ---- 4,598 Wiring 1,622 2,105 ---- 3,727 Built In Appliances 1,796 176 ---- 1,972 Family Occupancy - Page 2 of 3 Cabinets 3,693 811 ---- 4,504 Countertops 1,123 658 ---- 1,781 Central Heating and 2,077 2,737 ---- 4,814 Cooling Subtotal direct job $60,812 $52,902 $4,099 $117,813 cost Indirect Cost Items Item Name Materials Labor Equipment Total Final Cleanup ---- 907 ---- 907 Insurance 4,548 ---- ---- 4,548 Permits & Utilities 3,216 ---- ---- 3,216 Design & 1,496 ---- ---- 1,496 Engineering Subtotal indirect $9,260 $907 ---- $10,167 job cost Grand Total Item Name Materials Labor Equipment Total Contractor Markup $16,494 ---- ---- $16,494 Total cost $86,566 $53,809 $4,099 $144,474 This replacement cost estimate is based on the same sources and methods used to compile figures which appear in National Building Cost Manual published annually by Craftsman Book Company, 6058 Corte del Cedro, Carlsbad, CA 92011, 1-800-829-8123, http://www.craftsman-book.com. The labor, material and equipment costs in this report have been adjusted by factors in a cost index for the Zip area 052 Bennington, Vermont. This index is revised quarterly. Current index factors for this area are: -1% for material, -13% for labor and 0% for equipment. This estimate assumes a single home is being replaced. December 24, 2020 ___________________________________________ No One, Your Humble Servant Family Occupancy - Page 3 of 3