The numbers used in the sample above are accurate for a budget of $200,000 and will give you a sense of where the money goes. ![]() The total construction budget of $200,000 was used for demonstration purposes only and construction budgets vary widely based on the size and quality of the home, the materials selected and the location. The sample budget above does not include the lot cost or construction loan finance charges. Sample Construction Line Item Budgetįloor coverings: Wood, tile, carpet, vinyl A good draw schedule is based on an accurate and detailed estimate that is in line with your budget. Your Line Item Budget should be detailed and take into account the terms of your construction loan. To avoid conflicts over payment, it’s important that the draw schedule reflect the Line Item Budget aka Schedule of Values. If the owner is the contractor, the owner is responsible for submitting the cost estimate and providing documentation, including subcontractor bids, to document. Construction Line Item Budget/Schedule of Values
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