Steve, Are you including code compliance which can include stuff like taking off the asbestos shingles? Lisa McDonald East Harriet ----- Original Message ----- From: [EMAIL PROTECTED] Sent: Tuesday, April 30, 2002 12:20 AM To: [EMAIL PROTECTED]; [EMAIL PROTECTED] Subject: [Mpls] $100K Buried in Kingfield lot/The Ace Hardware Houses In a message dated 4/29/02 6:44:11 PM Central Daylight Time,
[EMAIL PROTECTED] writes:
<<
Re: [Mpls] The Ace Hardware HousesHaving moved a few houses and also
renovated hundreds of properties in Mpls, I thought you might want to know
what us contractors would charge to move a house to another lot with a new
foundation. Our actual cost for a 2 story house with a 1000 sq ft foundation
would run around $20,000 for the move and another $18,000 for the new block
wall foundation. You can figure another $10,000 for utility disconnect and
reconnect and new sewer and water hook up. Add in another $10,000 in
interior repair (usually less than this) and you are done. OOPS, I forgot
the industry standard of 10% profit and 10% overhead. Add a new double car
garage for $9,000. Final total of $80,000 to $85,000. If I was given the
buildings to move in the first place and where values are today, I could make
alot more than the 20% industry standard!!!! Anyone that says it costs more
than this is either a non profit developer or works for the MCDA.
Steve Meldahl
3rd ward (work)
>>
Keith says; Or perhaps has an outlook such as David Brauer's. He believes,
"Another way to think of it is the two lots would have been filled for
$100,000 " (David, I wish I had your dough)
Keith adds; Back up the truck, hit the lever and dump $100K of -not
David's-$$$$ into a hole the size of two city lots. Nice plan, but is it
sustainable? Keith Reitman, NearNorth
In a message dated 4/22/02 10:44:43 AM Central Daylight Time,
[EMAIL PROTECTED] writes:
Had the two houses been moved to the 3400 block of 1st, the estimate was
they�d sell for $120,000 and $140,000. The costs of the move and bringing
the houses up to code, they would have required about $100,000 worth of
subsidy ($50,000 per 3-bedroom house). Another way to think of it is the two
lots would have been filled for $100,000 and both houses would have been
priced below market rate (affordable to those with 60-80 percent of
metropolitan median income).
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