EstimateCost (16).pdf - No One

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Appraisal of: Willoughby Lake Rd, Orleans, VT The appraised value of this home is $97,437 The cost to replace this home with a new home of like kind and quality would be $97,437. 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 Willoughby Lake Rd, Orleans, 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. Sloping Site: This home is built on sloping ground. The lowest point under the house is 10 feet lower than the highest point. 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 4 foundation and floor. Reinforced concrete or concrete block foundation. Conventional wood frame floor or slab on grade. Change in elevation. 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. Single/Double 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 ---- 805 309 1,114 Foundation, Piers, 9,440 9,815 2,327 21,582 Flatwork Insulation 878 388 ---- 1,266 Rough Hardware 165 171 41 377 Framing 5,349 5,076 ---- 10,425 Exterior Finish 3,079 1,232 577 4,888 Exterior Trim 219 268 54 541 Doors 1,070 485 ---- 1,555 Windows 1,079 347 ---- 1,426 Roofing, Soffit, Fascia 2,832 1,289 ---- 4,121 Finish Carpentry 487 1,374 ---- 1,861 Interior Wall Finish 1,843 1,866 ---- 3,709 Lighting Fixtures 835 174 ---- 1,009 Painting 1,096 1,693 ---- 2,789 Carpet, Flooring 3,009 1,457 ---- 4,466 Bath Accessories 315 131 ---- 446 Shower & Tub 206 114 ---- 320 Enclosures Plumbing Fixtures 1,851 599 ---- 2,450 Plumbing Rough-in 1,166 1,931 ---- 3,097 Wiring 1,130 1,389 ---- 2,519 Built In Appliances 1,252 116 ---- 1,368 Single/Double Occupancy - Page 2 of 3 Cabinets 2,574 535 ---- 3,109 Countertops 783 434 ---- 1,217 Central Heating and 1,236 1,541 ---- 2,777 Cooling Fire Sprinklers 495 529 ---- 1,024 Subtotal direct job $42,389 $33,759 $3,308 $79,456 cost Indirect Cost Items Item Name Materials Labor Equipment Total Final Cleanup ---- 612 ---- 612 Insurance 3,067 ---- ---- 3,067 Permits & Utilities 2,169 ---- ---- 2,169 Design & 1,009 ---- ---- 1,009 Engineering Subtotal indirect $6,245 $612 ---- $6,857 job cost Grand Total Item Name Materials Labor Equipment Total Contractor Markup $11,124 ---- ---- $11,124 Total cost $59,758 $34,371 $3,308 $97,437 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 058 Albany, Vermont. This index is revised quarterly. Current index factors for this area are: +1% for material, -16% for labor and 0% 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