Just got quote too. $1.129M from a second builder. Some differences about the quote and when I redo some adjustments for adds/deducts and slight sq foot difference:000 wrote: ↑Tue Jul 28, 2020 1:31 amI wonder how much of bargain you can drive down considering the current economic situation. OTOH, maybe in your area many people are building million dollar homes.Badger97 wrote: ↑Mon Jul 27, 2020 9:08 pmSat down with one of our three builders and walked through an actual detailed quote tonight. 4463 sq ft above grade and 900 below. 5 bed, 5.5 bath. Including lot prep came in at $1.136M. Add driveway ($30k), pool ($50k) and land ($300k) and at $1.52M.
We would reduce sq footage by at least 300-500 sq ft on upper floors saving $100k+. Some of the allowances they stated are pretty high like custom cabinets at $55k and appliances at $30k. Flooring was around $8.50 sq ft for material and counters were quoted at $70 sq foot material cost on all surfaces (even laundry room). First floor ceilings were quoted at 12’ and we would like drop them to 10’. Interior doors at $9k for 8’ stained solid wood. We already told them to drop that to painted MDF and only 8’ on first floor. That dropped $6K right there. DW was actually the one driving to get it to sun $1M. So proud of her!
We get two more quotes this week and then will downselect and decide.
Builder 1: $1.071M
Builder 2: $1.135M
Third builder hasn't given us a complete breakdown, but top level numbers put them at $1.08M.
So, not much spread (about 5-7%). Second builder put in a lot higher end flooring/counters which I didn't fully adjust. Not much difference so seems market is staying competitive.