EstimateCost.pdf - No One

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Appraisal of: Perkins Rd, Middlebury, VT The appraised value of this home is $97,142 The cost to replace this home with a new home of like kind and quality would be $97,142. Physical and functional depreciation of this home has reduced the value by $0 or 0.00%. This appraisal of this 700 square foot single-family residence located at Perkins Rd, Middlebury, 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 700 square feet at $139/SF (considering all site improvements except garage/carport). The number of stories is 1. This home was built in 2020 (average age considering all additions). Concrete deck, walk or driveway: 1200 square feet of surface. Forced air central ducted heating only This home has fire sprinklers. 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 6 bathrooms. Low cost fixtures. Less bathrooms than bedrooms. Small window in master bath. 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. The condition of this home could be summarized as "Class 1, New." Single/Double Occupancy - Page 1 of 3 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 ---- 814 253 1,067 Foundation, Piers, 6,027 7,755 1,484 15,266 Flatwork Insulation 886 485 ---- 1,371 Rough Hardware 166 214 41 421 Framing 5,402 6,345 ---- 11,747 Exterior Finish 3,110 1,540 583 5,233 Exterior Trim 221 335 55 611 Doors 1,080 606 ---- 1,686 Windows 1,089 434 ---- 1,523 Roofing, Soffit, Fascia 2,860 1,612 ---- 4,472 Finish Carpentry 492 1,718 ---- 2,210 Interior Wall Finish 1,862 2,332 ---- 4,194 Lighting Fixtures 844 217 ---- 1,061 Painting 1,107 2,116 ---- 3,223 Carpet, Flooring 3,039 1,821 ---- 4,860 Bath Accessories 318 164 ---- 482 Shower & Tub 208 143 ---- 351 Enclosures Plumbing Fixtures 1,870 749 ---- 2,619 Plumbing Rough-in 1,177 2,414 ---- 3,591 Wiring 1,141 1,736 ---- 2,877 Built In Appliances 1,265 145 ---- 1,410 Cabinets 2,600 669 ---- 3,269 Countertops 791 543 ---- 1,334 Single/Double Occupancy - Page 2 of 3 Central Heating and 1,248 1,927 ---- 3,175 Cooling Fire Sprinklers 500 662 ---- 1,162 Subtotal direct job $39,303 $37,496 $2,416 $79,215 cost Indirect Cost Items Item Name Materials Labor Equipment Total Final Cleanup ---- 610 ---- 610 Insurance 3,058 ---- ---- 3,058 Permits & Utilities 2,163 ---- ---- 2,163 Design & 1,006 ---- ---- 1,006 Engineering Subtotal indirect $6,227 $610 ---- $6,837 job cost Grand Total Item Name Materials Labor Equipment Total Contractor Markup $11,090 ---- ---- $11,090 Total cost $56,620 $38,106 $2,416 $97,142 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 054 Burlington, Vermont. This index is revised quarterly. Current index factors for this area are: +2% for material, +5% for labor and +1% for equipment. This estimate assumes a single home is being replaced. December 23, 2020 ___________________________________________ No One, Your Humble Servant Single/Double Occupancy - Page 3 of 3