Feedback sought for contractor estimate

[Dave H.]

Hi everyone,

we just received these costs from our contractor in MI and it’s the first time we’ve gave him a chance to estimate. The house is 1000sqft. This is for a retail flip.

Some of the items aren’t detailed enough yet, I’ve asked for more info and will update when I get it.

What do you think of the costs so far?

Furnace New furnace installed 1 4,800.00 4,800.00

Water Heater Install new water heater 1 1000.00 1000.00

Flooring Per sq' installed 1,000 6.75 6,750.00

Drywall Repair damages, cracks and holes and prep for paint 1 800.00 800.00

Subfloor repairs Repair damaged subflooring 70 10.00 700.00

Painting Paint walls, ceilings and trim 1,100 3.50 3,850.00

Kitchen New uppers and base cabinets w/preformed Formica counter tops, new stainless steel sink and new faucet. 1 4,750.00 4,750.00

Bathroom Replace vanity/sink/faucet, tile floor 1 1,400.00 1,400.00

Deep sink Replace/install 1 400.00 400.00

Exterior Door Replace kitchen door 1 425.00 425.00

Gutter and Downspouts NOT ASKED TO QUOTE (RECOMMENDED) 1 400.00 400.00

Paint Exterior NOT ASKED TO QUOTE (RECOMMENDED) Per sq' 300 4.00 1200.00

Miscellaneous Permits, fees, added materials, added costs 1,500 1.00 1,500.00

TOTAL $27,975.00

Thanks

Dave

[J Scott]

There are too many variables to know if this is a good price or not. 

For example, you don't say what brand of furnace, what power output, what efficiency, etc. You don't say what kind of flooring. You don't say how big of a water heater. You don't say what kind of cabinets. What kind of doors? What kind of paint? Etc.

Are the contractor's license and insured? Are they pulling permits?  What level of quality can you expect? Have you seen other projects they've done?

I would get more detail on the quote, and get at least one or two other bids to compare. Also, make sure you check references and you see previous work that they've done. Finally, make sure they are licensed, and insured.