Project problem cost of home improvement for resalemrs

Assignment Help Project Management

Reference no: EM13363378

Project Problem: Cost of Home Improvement for Resale

Mrs. Tolstoy and her husband, Serge, are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2,900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately, Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating.

The following average cost information is available from a local bank that makes loans to local contractors and disperses progress payments to contractors when specific tasks are verified as complete.

24% Excavation and framing complete
8% Roof and fireplace complete
3% Wiring roughed in
6% Plumbing roughed in
5% Siding on
17% Windows, insulation, walks, plaster, and garage complete
9% Furnace installed
4% Plumbing fixtures installed
10% Exterior paint, light fixtures installed, finish hardware installed
6% Carpet and trim installed
4% Interior decorating
4% Floors laid and finished

a.What is the estimated cost for the Tolstoy's house if they use contractors to complete all of the house?
b.Estimate what the cost of the house would be if the Tolstoys use their talents to do some of the work themselves.

Reference no: EM13363378

Questions Cloud

Contemporary planning techniques reccomendationtoday many : contemporary planning techniques reccomendationtoday many organizations and managers face new challenges every day. one

Project acceptanceaerospace dynamics will invest 110000 in : project acceptanceaerospace dynamics will invest 110000 in a project that will produce the following cash flows. the

What are the benefits of project managementprovide an : what are the benefits of project management?provide an example of how you have relied on project management.based on

Project selectionmountain ski corp was set up to take large : project selectionmountain ski corp. was set up to take large risks and is willing to take the greatest risk possible.

Project problem cost of home improvement for resalemrs : project problem cost of home improvement for resalemrs. tolstoy and her husband serge are planning their dream house.

Project managemet work break down structureyour next step : project managemet work break down structureyour next step in the project management process is to create a work

Project management solutiona project has a specific time : project management solutiona project has a specific time frame or finite life span. it has a start time and a date by

Tax effect of loss on sale of asset at the end of a : tax effect of loss on sale of asset at the end of a projectsuppose an asset is sold for less than its book value at the

Important information about project proposalprepare a : important information about project proposalprepare a project proposal how to lead and meet the needs of the customer

User Account

All Pages