Home Remodeling Project

Presented by:

TCMG TCMG 505/MGMT532505/MGMT532Fall 2009Fall 2009

Presented by:

Amit Chauhan

Question?

The cost to renovate the existing home — will you get a good return on your remodeling investment (ROI)?

Ground Work!

Answer:Answer:

1) Type and Cost of Renovation2) Market Valuation, and3) Home Comparison

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Kitchens

Where to Begin/Checklist

Interior Rooms

Dining Room

Home Theater

Master Bedroom

Specialty Items

Custom Cabinets

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Living Room

Foyer/Home Entry

Custom Cabinets

New Construction

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Residential Requirements:

1. License: Contractors must be licensed by the City of Shelton. Additionally, if the contract amount is $10,000.00 or more, they must be licensed with the State of Connecticut.

2. Permit: Permit is required for additions and accessory structures.

DESIGN CONSIDERATIONS

3. Accessory Structures: This includes but is not limited to; detached garages; carports; storage building; green houses; and gazebos.

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DEMOLITION PERMIT REQUIREMENTS

1. Health Clearance from Fairfield County Health Department.

2. Water Works Board Clearance

3. $200 Bond with City of Shelton Fin. Dept. for all residential type demolitions. residential type demolitions.

4. Demolition permit (Residential: $25, Accessory buildings: $5) issued to licensed contractor or to the owner from the Inspections Department.

5. Demolition completed within 90 calendar days from the date of the permit.

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DESIGN IDEAS:

Before After

Kitchen

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DESIGN IDEAS:

Before After

Bathroom

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DESIGN IDEAS:

Before After

Fireplace

Home TheaterBefore After

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DESIGN IDEAS:

Before After

Second Storey Addition

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DESIGN IDEAS:

Before After

Second Storey Addition

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Specific Goal:1. Remodel and repair the housing unit located at 73 Basking Brook

Lane, Shelton, CT 06484. 2. Remodel and repair must combine all the amenities of a modern

OBJECTIVE:

2. Remodel and repair must combine all the amenities of a modern house but keep in style with the original house.

General Goal:1. Make the house more energy efficient by focusing on implementing

green practices, a huge step towards environmental responsibility.

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The Contractor shall provide all materials, labor and equipment necessary to clean, repair and provide a complete and usable home ready to occupy in accordance with the minimum standards as set forth in this scope of work.

1. Kitchens: Functional cooking; family living spaces.

SCOPE:

2. Remodels & New Construction: Single and second story additions

3. Bathrooms: Custom master bathroom suite; oversize soaking tub; separate showers; multiple shower heads; unique vessel sinks.

4. Specialty Items & Custom Cabinets: Custom home theater; fireplace; unique wine cellar; finishing touches and custom designs.

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PROJECT JUSTIFICATION:

Last repaired in August 2000. Needs to be remodeled for:

1. Wear and damage.

2. Energy efficiency

3. Enhanced property value.

4. Additional space.

5. Save from further deterioration.

6. Integrity and longevity.

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1. Uses high quality construction materials with life span > 50 yrs.

2. Meets the construction, fire codes and safety standards .

3. Future market demands.

PROJECT ASSUMPTIONS:

4. Increases property value.

5. Ready to rent or sell.

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GREEN THINKING:REUSE OF STRUCTURES & MATERIAL

Reuse of buildings and construction material can have a major beneficial impact on lowering construction costs and enhancing sustainability of our built environment.

Windows, floor coverings, partition walls, mechanical systems, and plumbing can be mechanical systems, and plumbing can be replaced and insulation added while maintaining the original concrete frame and exterior walls.

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ESTIMATED PROJECT COSTS

Renovation $ 79.500.00

Expansion $ 45,500.00

Equipment and Furnishing

$ 40,000.00

Total $ 165,000.00

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PROJECT FINANCING

Bank Loan $ 120,000.00

Savings Account$ 50,000.00

Total $ 170,000.00

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WORK BREAKDOWN STRUCTURE

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PROJECT SCHEDULE

Activity List Duration

Single Storey 30 Days

Second Storey 20 Days

Kitchen Remodeling 14 Days

Activities Duration

Single Storey - Foundation 10

Single Storey - Build Walls 5

Single Storey - Roofing 5

Single Storey - Electrical Wiring 2

Single Storey - Flooring 3

Single Storey - Painting 3

Single Storey - Clean Up 2

Sub Total 30

Second Storey - Build Walls 5

Second Storey - Roofing 5

Second Storey - Electrical Wiring 2

Second Storey - Flooring 3

Second Storey - Painting 3

Second Storey - Clean Up 2

Sub Total 20

Install Cooking Range 2

Install Family Living Space 5

Install Self Closing Drawers 2

Install Pullout Spice Drawers 2

Bathroom Remodeling 21 Days

Custom Cabinets 9 Days

Final Touch Up 5 Days

Total 99 Days

Install Pullout Spice Drawers 2

Install Cookie Sheet Cabinets 3

Sub Total 14

Demolish Existing Bathroom 2

Clean Up Bathroom 1

Install Oversized Soaking Tub 2

Install Multiple Shower Heads 1

Install Body Spray System 1

Install Double Vanities 1

Install Unique Vessel Sink 1

Bathroom Flooring 5

Bathroom Electrical Wiring 3

Bathroom Painting 2

Clean Up Activities 2

Sub Total 21

Install Cabinets for Home Theater 2

Install Cabinets for Wine storage 2

Install Fire Place 1

Install Specialty Lighting in cabinets 2

Clean Up Activities 2

Sub Total 9

Final Touch Up 5

Estimated Total Duration 99

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NETWORK DIAGRAM

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PROJECT PLAN

Start Date: Tue 11/3/09

Finish Date: Thu 1/21/10Finish Date: Thu 1/21/10

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PROJECT INSPECTION / PAYMENT

Once completed, the remodeling construction will need to be thoroughly inspected by an independent inspector prior to making any payments.

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QUEST?ONSQUEST?ONS

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THANK YOU!

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