Heavily over inflated cost, price gorging, they will do it here is the south US for 90k~. You don't need 300k. Typically in the range of 75k to 150k for North America. Make sure to shop around people.
We've got a 15x15 room in the basement that was dirt until previous owner did a 3 inch poor pour floor. Going to take it upon my self to remove it. Dig the dirt down 6 more inches to give more room so I don't have to walk hunched over lol
As someone who is not rich, wealthy, or has a crawlspace under there home ---- Do not do this unless its more expensive to move. If your current home is not worth more than $300/sq.ft. dont even think about it. If you have not paid off your house yet, do not think about it. Once you are ready to drop another $250-500k on the basement, go house hunting and double check if its not worth it to just move. That being said, if you are already making $500k/year then you dont even watch these videos and already have basements.
I have a 25x30 foot basement with a 6'4" ceiling. My floor is old and cracked and lets a lot of water up through the cracks. I called around to investigate excavating 2 or 3 feet, underpinning, pouring a new slab and waterproofing and was getting quotes of $80k-$100k. I bought this house for $105k in 2018 (low density Midwest housing market is pretty nice), there is no way I'm going to essentially pay for a second house just to add a couple rooms to my basement. A $200k house will be much nicer in everyway and way less of a headache than having my home be a construction site for 3-5 months. This stuff is crazy and the pricing is ridiculous.
So short resume of numbers and terms and questions for clarifying. 900 feet basement cost $279,000 ÷ 4 months = $69,750 per month, $2,325 per day if work 30 days a month, or about $3,321 per day if work 21 days a month. From 3 to 6 workers. Digging out dirt about 3 weeks by 2 workers. I know prices for rental equipment, dumpsters, material cost and how long purring (and getting strength) concrete takes. But i just want to know how much your workers get paid for this job? Working on own house with basement, just really want to hear how you calculated the cost.
Our workers get paid average wages. Don't forget to calculate the cost of having employees, dispatching them in the morning and having a project manager on site to make sure they're doing what they're supposed to be doing. Every. Single. Day. I mean are we talking about the wages of the employees, or the expense of running a business which the homeowner then has to hire? If you're talking about running a business then don't forget to calculate all the little things...the days lost because someone didn't show up, or the guys forgot materials at the yard and have to make an extra trip and cost you half a day which then begins to cut into your profit. I mean really...I can't break this all down but you can imagine
@GoldsConcrete I'm not too bad with calculation. 12 years accounting experience in planning and budgeting. I can imagine expenses for renting office etc. But also know that usually it's not single project at the time and one project manager for a few projects. And workers get hourly wage that means they don't get paid when they don't work.
With all respect, lowering basement that of course comes with difficulties and not the most comfortable conditions in access, can't cost like brand new house.
I've seen other companies just punch 10-15 steel I Beams through or underneath the crawl space, support them on the ends, & then raise it or dig it out underneath with a Mini X, no roof, or a Mini Skid steer. Do you ever use that technique. I own a hardscape company and we have to lower the grade underneath existing decks and sometimes the back of the basement foundations. But we have never done anything like what you guys do.
That's an interesting approach. We've talked about that here and are very curious about the feasibility and costs of getting that I beam down and through there. Most of the spaces we've worked on, because of neighboring properties, buildings or other obstacles, that would not be possible. On the buildings that it would be possible, certainly there is a tremendous amount of work involved in 1) getting that I beam down there and 2) getting that entire structure to rest securely on those beams all at once, and all of the little steps in between, as well as the risk factor. It sounds pretty simple and straight forward in theory, but certainly there are complications and major expenses to that process as well?
@@Blackinterceptor999 Indeed, which is why I need a rich hubby. :p Basic landscaping services, in Kitsap, are beimg quoted 4k.... a small 2x6' window and permits+install was quoted 11k :p
Lol it's not a bunker, just a normal basement. Worth it? Depends on how much you need the space. While I doubt it adds 300k to the home's value, if you can borrow against the house and really love the house/neighborhood it can be a better option than moving. Especially since a bigger house is going to cost more than you're likely to get selling the current one. Plus all the costs and hassle associated with moving...
Yeah, scary numbers until you remember that you're paying the wages and overhead of 2-6+ people for MONTHS on end. Plus equipment and supply costs. How hilarious would it be if the Rock actually showed up on one of your jobsites 😂.
Unfortunately we do not work in IL, however, I would recommend a conference call before taking any major steps. We can help you navigate the process. Click here and see if this option is right for you goldsconcretechronicles.blog/product/30-minute-telephone-conference-ricardo-seals/
If the house is built on a slope along the grade, and the crawl space/ has the dirt from the hill (which I assume is acting like a backfill for the house fondation, then is it safe to remove the dirt which is supporting the foundation (the other side of the foundation i assume is the hill slope.)
@@GoldsConcrete I think they are referencing that at that price, you can buy an entire house for cheaper than doing the basement. It all depends on where you're looking to buy. You likely live in a state/country with higher cost(s) per construction or housing. I checked, yea near Denver which is a blue city - everything in these locations is redic over priced. Although, even where i live now in New Jersey, the prices you say in the video are still outrageous and you could get way cheaper where I live. My dad has done HVAC and construction his entire life and quoted this job to be about 75k depending on the quality you want. In the state I plan to move to (Kentucky) the prices are about half of what they are in NJ; you could get an entire unfinished basement for under 30k
@@GoldsConcreteI live in the Seattle area which is pricey BUT $310 sq/ft is more than some new construction homes are selling for. Therefore, the homeowner would be better off selling and buying a new home vs doing this conversion.
Well, we're pretty sure by your comment you don't know much about construction...most likely you can't even dig a ditch lol. We got a couple videos of our guys digging a ditch if you'd like to learn
Crack math that's a great assessment! Lol are you in the business of doing crawl space conversions in the Denver area? If so we'd love to know how much you can quote a conversion job at. And still pay your overhead and take enough home to put food on your table, of course. We're all ears...
If my craw space only has one support for the house do I need to add more after digging or can I just dig around the support and re enforce it to support it ?
Yes agreed. I would go to Thailand to Pattaya or something. But who am I? I guess it's a good thing we're not the homeowners, or they wouldn't have a new basement
Yea if only we could determine what the cost of things should be. We could say hell with the market value of things. To heck with having to pay for employees, equipment, administrative, lease, and everything else. We'll just charge what we feel it should cost lol
😂😂😂😂😂😂😂 this guy is a rip off your average home in America is over 2000 ft.² if you’re digging out your basement that’s 2000 ft.² they’re not building an entire home. The cost for that would easily be over $350,000 home advisors says that it cost between $10-$30,000. This is a scam.😂😂😂
Home Advisors?? The app?? Are you kidding, you're weighing these numbers against home advisors, the gimmicky sales lead app? And what else, a google search?? 😆 "This guy" doesn't dictate the costs of the market. We just work in it. Every day for decades. We consult and contend with actual market demands, not home advisor or some on the fly account of what we feel like things should cost
For the longest time I could not find any videos that discussed this specifically. Thank you for making this!! Very well done.
Thanks for watching! We put out a new video every week and try to provide something useful ruclips.net/video/i5ChxuctL2c/видео.htmlsi=cYPwnUxf74KcbA0B
Boy, my math was way off. I guess I'll keep ducking my head in my crawl space. 😢
Yea the numbers are a little frightening!
Nah these dudes must be in Canada or something cause most contractors don't even charge half that much if you shop around.
Heavily over inflated cost, price gorging, they will do it here is the south US for 90k~. You don't need 300k. Typically in the range of 75k to 150k for North America. Make sure to shop around people.
you can do it yourself for half that. And i dont mean do it yourself. i mean be your own General contractor. 135K from start to finish
@@GoldsConcrete because of greed
We've got a 15x15 room in the basement that was dirt until previous owner did a 3 inch poor pour floor. Going to take it upon my self to remove it. Dig the dirt down 6 more inches to give more room so I don't have to walk hunched over lol
LOL yea, might be worth the trouble!
This video is polished! Great work guys. Louís, ¡bien presentado!
Thanks
As someone who is not rich, wealthy, or has a crawlspace under there home ---- Do not do this unless its more expensive to move. If your current home is not worth more than $300/sq.ft. dont even think about it. If you have not paid off your house yet, do not think about it. Once you are ready to drop another $250-500k on the basement, go house hunting and double check if its not worth it to just move. That being said, if you are already making $500k/year then you dont even watch these videos and already have basements.
Hmm interesting
Good feedback! We shout out to you in our most recent video ruclips.net/video/ZchQaFTPglE/видео.htmlsi=WL93qn_avA0mo1ut
I have a 25x30 foot basement with a 6'4" ceiling. My floor is old and cracked and lets a lot of water up through the cracks. I called around to investigate excavating 2 or 3 feet, underpinning, pouring a new slab and waterproofing and was getting quotes of $80k-$100k. I bought this house for $105k in 2018 (low density Midwest housing market is pretty nice), there is no way I'm going to essentially pay for a second house just to add a couple rooms to my basement. A $200k house will be much nicer in everyway and way less of a headache than having my home be a construction site for 3-5 months. This stuff is crazy and the pricing is ridiculous.
Well now I know. If I need extra space it's cheaper and quicker to tear off the roof and add another floor than to dig down.
Could be! Depends on the situation, I suppose. We shout out to you in the following video ruclips.net/video/i5ChxuctL2c/видео.htmlsi=cYPwnUxf74KcbA0B
So short resume of numbers and terms and questions for clarifying.
900 feet basement cost $279,000 ÷ 4 months = $69,750 per month, $2,325 per day if work 30 days a month, or about $3,321 per day if work 21 days a month. From 3 to 6 workers. Digging out dirt about 3 weeks by 2 workers.
I know prices for rental equipment, dumpsters, material cost and how long purring (and getting strength) concrete takes. But i just want to know how much your workers get paid for this job? Working on own house with basement, just really want to hear how you calculated the cost.
Our workers get paid average wages. Don't forget to calculate the cost of having employees, dispatching them in the morning and having a project manager on site to make sure they're doing what they're supposed to be doing. Every. Single. Day. I mean are we talking about the wages of the employees, or the expense of running a business which the homeowner then has to hire? If you're talking about running a business then don't forget to calculate all the little things...the days lost because someone didn't show up, or the guys forgot materials at the yard and have to make an extra trip and cost you half a day which then begins to cut into your profit. I mean really...I can't break this all down but you can imagine
@GoldsConcrete I'm not too bad with calculation. 12 years accounting experience in planning and budgeting. I can imagine expenses for renting office etc. But also know that usually it's not single project at the time and one project manager for a few projects. And workers get hourly wage that means they don't get paid when they don't work.
With all respect, lowering basement that of course comes with difficulties and not the most comfortable conditions in access, can't cost like brand new house.
I've seen other companies just punch 10-15 steel I Beams through or underneath the crawl space, support them on the ends, & then raise it or dig it out underneath with a Mini X, no roof, or a Mini Skid steer. Do you ever use that technique. I own a hardscape company and we have to lower the grade underneath existing decks and sometimes the back of the basement foundations. But we have never done anything like what you guys do.
That's an interesting approach. We've talked about that here and are very curious about the feasibility and costs of getting that I beam down and through there. Most of the spaces we've worked on, because of neighboring properties, buildings or other obstacles, that would not be possible. On the buildings that it would be possible, certainly there is a tremendous amount of work involved in 1) getting that I beam down there and 2) getting that entire structure to rest securely on those beams all at once, and all of the little steps in between, as well as the risk factor. It sounds pretty simple and straight forward in theory, but certainly there are complications and major expenses to that process as well?
Good job, that's interesting!
Thank you!
All the more reason I need to land that rich husband... and fly you guys up to the PNW. :p
😂😂 Jaja yes!!
Agreed!
LOL, Everything costs more here in the PNW!.....Much more.
@@Blackinterceptor999 Indeed, which is why I need a rich hubby. :p Basic landscaping services, in Kitsap, are beimg quoted 4k.... a small 2x6' window and permits+install was quoted 11k :p
is it worth it? do you need a bunker under your house?
Lol it's not a bunker, just a normal basement.
Worth it? Depends on how much you need the space. While I doubt it adds 300k to the home's value, if you can borrow against the house and really love the house/neighborhood it can be a better option than moving. Especially since a bigger house is going to cost more than you're likely to get selling the current one. Plus all the costs and hassle associated with moving...
Depends on the need of the homeowner I suppose but it's not a bunker, it's just a bigger basement. More house...
@@GoldsConcrete but its possible to convert it to a bunker
Nicee and Good Job😊
nice work 👍🏻
Thanks!
Yeah, scary numbers until you remember that you're paying the wages and overhead of 2-6+ people for MONTHS on end. Plus equipment and supply costs.
How hilarious would it be if the Rock actually showed up on one of your jobsites 😂.
Jaaaajajajajajaaa 😂😂😂
The Rock has Nothing on Us!!! 😂😂🤣🤣
$310 a square foot? That's insane.
Yes. We didn't create the marketplace, we just live in it...
@@GoldsConcrete must have created it in a much higher tax bracket cause where I live it's about 1/10th that much.
That’s freaking pricey
Do you work in Aurora, IL too? If so I'm interested to do similar work. Let me know
Unfortunately we do not work in IL, however, I would recommend a conference call before taking any major steps. We can help you navigate the process. Click here and see if this option is right for you goldsconcretechronicles.blog/product/30-minute-telephone-conference-ricardo-seals/
If the house is built on a slope along the grade, and the crawl space/ has the dirt from the hill (which I assume is acting like a backfill for the house fondation, then is it safe to remove the dirt which is supporting the foundation (the other side of the foundation i assume is the hill slope.)
Yes and yes! Digging out the first part you will find that if you
at $300/SF you're better off knocking down the house and building from scratch.
Who's better off? LOL
@@GoldsConcrete I think they are referencing that at that price, you can buy an entire house for cheaper than doing the basement. It all depends on where you're looking to buy. You likely live in a state/country with higher cost(s) per construction or housing. I checked, yea near Denver which is a blue city - everything in these locations is redic over priced. Although, even where i live now in New Jersey, the prices you say in the video are still outrageous and you could get way cheaper where I live. My dad has done HVAC and construction his entire life and quoted this job to be about 75k depending on the quality you want.
In the state I plan to move to (Kentucky) the prices are about half of what they are in NJ; you could get an entire unfinished basement for under 30k
@@GoldsConcreteI live in the Seattle area which is pricey BUT $310 sq/ft is more than some new construction homes are selling for. Therefore, the homeowner would be better off selling and buying a new home vs doing this conversion.
How long it takes to get it done? 😊
Typically 4 to 5 months on a crawl space conversion.
$310 square foot!! To basically shovel dirt! $100,000 for ditch beside driveway . Hah
Well, we're pretty sure by your comment you don't know much about construction...most likely you can't even dig a ditch lol. We got a couple videos of our guys digging a ditch if you'd like to learn
Do you guys service Colorado Springs?
No sorry, just Denver area
Sometimes cheap is not better
$310 a sq foot. This dude is going crack math
Crack math that's a great assessment! Lol are you in the business of doing crawl space conversions in the Denver area? If so we'd love to know how much you can quote a conversion job at. And still pay your overhead and take enough home to put food on your table, of course. We're all ears...
@goldsconcrete he had a rough shift at McDonald's. You'll have to forgive him 😅😂
310 per sq ft I think he is nutz
Now why would you want to make this personal? I don't dictate the costs of the market. Go tell the marketplace it's nutz
Ur are f*ckin insane with $310/sqf 😂
P.S. Google says $30-$75sqf
"Google says" 😂😂🤣🤣 wow, sounds like your research is extensive...
If my craw space only has one support for the house do I need to add more after digging or can I just dig around the support and re enforce it to support it ?
Just dig around it
1:57 Make your employees wear safety glasses and steel toed boots. As a homeowner, I would never hire you based on safety issues.
But sir the only safety issues we've ever had are the people complaining about safety issues
@@GoldsConcrete Your fired.
now i know why the company called gold..concrete...coz they digging earth and make it into gold ... for them.
yea maybe if you consider gold to be something like minimum wage, all said and done
Do it yourself for materials cost only thousands
Yes, and also if you take the lower portion of the dirt from around the
It's no way worth the investment with these numbers! Put your money to better use
Yes agreed. I would go to Thailand to Pattaya or something. But who am I? I guess it's a good thing we're not the homeowners, or they wouldn't have a new basement
a small 1200 sq ft house this would cost roughly 400k what a joke.. there is no way it should cost this much with modern technology
Yea if only we could determine what the cost of things should be. We could say hell with the market value of things. To heck with having to pay for employees, equipment, administrative, lease, and everything else. We'll just charge what we feel it should cost lol
😂😂😂😂😂😂😂 this guy is a rip off your average home in America is over 2000 ft.² if you’re digging out your basement that’s 2000 ft.² they’re not building an entire home. The cost for that would easily be over $350,000 home advisors says that it cost between $10-$30,000. This is a scam.😂😂😂
Home Advisors?? The app?? Are you kidding, you're weighing these numbers against home advisors, the gimmicky sales lead app? And what else, a google search?? 😆 "This guy" doesn't dictate the costs of the market. We just work in it. Every day for decades. We consult and contend with actual market demands, not home advisor or some on the fly account of what we feel like things should cost
These guys digging holes for pot growers to expand 😂😂 that’s why they charge dumb money
I mean this is Colorado, afterall! 😂
What a joke typical contractor "outsource the work" & way over priced.
Can you do it for cheaper?? If so you're hired 😂🤣🤣