Revealing My $500k Container Home Budget
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- Опубліковано 2 чер 2024
- In this video I break down my entire budget for The Pacific Bin. If I missed anything or think I'm way off on something please let me know in the comments. :)
For the latest information on The Pacific Bin be sure to follow along on Instagram. (64k Followers)
thepacificb...
The following budget includes all of the below items.
1. Pre-construction Costs Video ( • $40,000 for Container ... )
2. Clearing the site and grading the driveway: $6,000
3. Well Install: $17,000
4. Bringing Electricity to the property: $25,000
5. Foundation: $32,000
6. 5 - Shipping Containers delivered to site: $33,000
7. Structural Steel: $21,500
8. Framing and Roofing Framing: $7,500
9. Roofing and Waterproofing: $8,600
10. Electrical Rough in in wall and hookup of all electrical accessories: $12,000
11. Electrical Fixtures interior and exterior $15,000
12. Plumbing Rough in (installing and hooking up home to septic system, plumbing fixtures, well hookup): $19,500
13. HVAC Minisplits: $15,000
14. Spray insulations: $8,900
15. Windows: $24,000
16. Exterior Trex Decking: $9,000
17. Doors frames and hardware: $4,500
18. Drywall and Taping: $8,000
19. Painting, includes both exterior and interior paint: $5,000
20. Wood Flooring this is going to be the cedar wood flooring that I use throughout, includes underlayment: $7,500
21. Tile: $6,000
22. Fireplace: $5,000
23. Cabinets and tops throughout kitchen and 2 restrooms: $18,500
24. Appliances fridge, oven, stove, microwave, dishwasher $7,500
25. Hot tub $6,000
26. TV and interior electronics: $4,000
27. Furnishings: $15,000)
28. Misc. Tools and Equipment: $10,000
29. Oh Sh*t Fund: $30,000
Hey Devon, been following your project for a little while and I wanted to just give you some words of encouragement. Your vision for the property and your commitment to documenting your building journey is inspiring. Please don’t let the hatters get you down, there’s many of us out here who are wishing you success. Can’t wait to see the finished product.
Hey max, I really appreciate your kind words man. I do sometimes wonder if this is all going to be worth it but then when I'm on site remember the vision i feel so much better. I'm really hoping that this home is able to bless many people and to help people to be able to unplug and enjoy the beautiful property. Thanks for following along!
You are way beyond your years in wisdom my friend. Really wish more people your age had your mentality.
How do you ventilate the house? The mitsubishi system is a heat pump so I believe it just circulates the indoor air? So how do you get clean air in and dirty air out?
Love the vision Brother! Looking forward to seeing the finished product. I am putting together a plan to do something in eastern Canada as well and watching you get to work is proving it is worth it!
I love how detailed you are!!!
This made my day, I’d love to watch actual construction videos on the project, live streamed or recorded
Boxes will be on site in the next couple weeks. Now that I have my building permit we can go full steam ahead!
This is awesome, stumbled upon your playlist and have been watching your videos. Thought about a retreat type build on many acres before where it's more of a tech retreat. Giving some major inspiration vibes!
Hey Devon, first of all, congratulations on completing your project. I've been following you on your channel for a few days and I find you very authentic. We can see how passionate you are and how you are an inspiration to many people.
Here are my questions:
1. Before purchasing the land, did you already have the plans for the Pacific Bin? If so, did this help with funding?
2. During the pre-construction phase, where did the money come from to pay for the land? Did the money come out of your own pocket?
3. How have you managed your financial situation since you purchased the land?
I continue to follow your journey by trying to bring my own short-term rental project into the world.
Keep up the good work!
This was really great breakdown alot more then expected.
Brilliant video 👍, fantastic to see the honest numbers and assumptions made. The oh sht fund is great too, wishing all the luck with the project, its looking great! Can't wait to come and stay when it's listed!
Definitely not gonna be profitable
Started from the beginning, looking forward to the series.
saw a reel on instagram with this and i am invested highly i love it im here to see your build completed and even tho our currencies are different il learn the process and how to do it ❤️❤️👊🏾
Absolutely, hands-down, one of the BEST homes ever. I love container homes and I will definitely be watching you, Thank you for sharing and especially the cost break down
Thanks so much grace
Hi Devon, thank you so much for sharing.
Dude... Just Witnessed You're Channel for the 1st Time! 11:02pm right now.. You are Next Level Genius! i'm a 54yo US Navy Corpsman . I work at Walmart, in Lawn & Garden. Anyway, this Video Was Amazing! And You are working too hard ! Geeash!!!
Very interesting and for me important. I'm going to be building a smaller place but the itemization that you went through was great. Thank you!!
Glad it has helped! So far it's been fairly accurate, a couple of misses here and there but so far it's been pretty good.
Can’t wait to see it in progress Devon.
Me too! Going to be a big working weekend this weekend. Driveway and parking pad going in!
Wow, so proud of you for having the commitment to make this place happen. I wouldn’t be able to put my hands on any project. Keep it up.
Bro… your stuff is my favourite thing to watch on internet! Great job!
Thanks so much!
Pure genius friend!
Hi Devon, I started to follow you today. I am located in Florida, and I thought on build my own Shipping Container Home down here. I love the way you have been documenting your journey from the start to where you are now. I know it is not easy, but I can see also you are very talented. I am very handy and I know I will be able to do almost everything but of course with the help of other people to make it faster. One thing you have ahead of me is welding"; I think I will need to get some practice but also watch lots of youtube videos. lol
My wife is excited about it too. Of course, it will be a lot more cost-effective here in Florida. I am a videographer as well so it will be awesome to put my skills here and who knows I will start a youtube channel of how too as well. Anyway, I love your work and will be looking forward to learning more from your own experience. Sincerely, -Jorge
You got me tuned in. I come from general construction and estimating background also. I have a few ideas for container coffee shops & a home in the future. Working on the funding process and it takes time. I like the content I’ll be watching the process.
Yo that sounds like a great idea! Understanding construction really gives such a better understand on investing and can generate a lot of wealth by know how to do most of the stuff yourself.
@@devonloerop For sure, knowing how to do most of the stuff yourself plays a huge factor when it comes to the numbers. Hard for people to get over on you during the investment process because you have the background knowledge. Construction is a great investment but also a dirty game if you don't know anything about it. Contractors can be real snakes.
Thanks for sharing... Great job! ❤❤❤
Really enjoying your content! Can't wait to see what you can create! Remember door, window and baseboard trim in your estimates if you didn't already, I know those can add up, just a reminder! Keep it up!
I do have those baked into some of my window/door budget but now I'm thinking I may not have enough. Thanks for the heads up on those. : ) I really appreciate your support.
Also caulking... so much of that will be needed!
Rooting for you buddy! You're doing great
Thanks Jake! If you're around this weekend we are gonna snag some beers after a working day on site, and chill around the burn pile
I like the design of your home. I wouldn't mind building a home like yours 😊
This is awesome! I wish I can build my forever home like this in Portland!
You should! My plans are on my website. www.thepacificbin.com
This house is beautiful ❤❤
Devon, Well done man thank you for sharing. You are on the right track In the world of Airbnb when a consumer has the choice between a traditional house and a container house, they choose container houses 70/30. What foundation did you choose for your build? what plumbing method did you go with. I'm building a container lakehouse in Texas. Thanks again for sharing.
I’ll be curious for another video like this later where you go over actual numbers and share where you were most off!
Your channel is very interesting, you are a very smart young man , new subscriber 👍🙏
Awesome!!
Well done Devon. I am a cabinetmaker by trade and I can say your execution is right on. Congratulations on your achievement! May I ask, are the decks Alaskan Yellow Cedar? Where did you source the lumber?
My fav so far!! Please tell me where you purchased the coffee table
You did a great job! Love love!❤ but WOW is was a lot of money 💰
Dang this video is amazing … I have a old mobile park that I’m thinking about buying it’s 23 empty lots and 3 current homes … I don’t know 🤷🏽♀️ if I should take this project on … I’m going to call the city and see if we can build container homes in the land instead of the home 😳
Teach me Sensei!
You have a wonderful vision💞💞...
Thanks so much!
Hey Devon! Thanks for your content, I'm working on a container home in Lake Arrowhead, California and it's actually similar to your home's budget. Would you be able to provide your spreadsheet, breaking everything down in detail? Please let me know. Thanks again,
DaiJe
Hello Devon, wondering what height is the ceiling? I’m looking at doing a similar project here Ontario Canada one of the issues that I have is whether, such as winter, humidity and moisture/sweating on walls and ceilings. With this being said, I was looking at the larger container I believe it’s closer to 50‘ x 10‘ high. Not sure if this is something that you looked at or not? I would like to build something that is just over 5000 ft.² with 10 foot ceilings not sure if you have any suggestions?
Is your furniture budget large enough? I just built a 500sq ft 1bd/1bth in socal, and i spent upwards of 15k. Dont forget closet buildouts, and finishings like art and kitchen/bathroom supplies. Adds up to be a few extra thousand, but still an expense you might want to track.
Hey Devon. Are you going to pre fabricate the containers as much as possible on a essy to reach site? Or are tou going to do everything on the site in the woods?
Everything on site, I don't have a access to a shop or place I can prefab so I'm making do with what I have. 😅
I’m making one.
Hey, I am a new subscriber! Looking forward to see the finish project! Can you also do a video on how you invest or what stocks to invest in?!
All i buy is Tesla.
Having the capital to pay for this upfront is crucial, but since you're financing this you are basically bleeding money via the loan/mortgage until the property can be leased (there's also the increased appraisal of the property once built). Are you eating the costs and trying to build as fast as possible, is there something in your loan that delays payment, or is there something else? Thanks!
I've wanted to do this myself and I'm super excited to follow and learn from your progress. Keep it up!
You pretty much nailed it. that's why im trying to move as quick as possible. I got my permit 12 days ago and the foundation will be done friday and boxes show up next week. I currently pay $2k towards the LOC right now every month and then will hopefully be stepping it up to $10-15k/mo once leased.
Awesome Job on an Amazing Property. Do your numbers include the labor burden for your time and any other time that wasn't direct billed to the project?
it includes the subcontractors I used but none of my time.
@@devonloerop groovy...any idea how many hours you put into it? I always try to help my clients understand just how much goes into builds.
Can you share that super detailed spread sheet you mentioned? And do you have any labor contractors that you could recommend. I am not handy in any way so I would need to hire a team for labor on most if not all of these tasks
I'll actually share all of this at the end of construction once I can plug in all the final numbers.
Love your videos! But PLEASE get a better higher resolution camera, I think the res is really bringing things down.
What size containers are you using ?
Hey can you please share with us the spreadsheet?
Are they high cube or standard containers?
🙌🏽🙌🏽🙌🏽
I have a question; can you build container homes in residential areas?
Depends on your local building restrictions
What's the inches of one container?
Do you build container homes for other people?
I don't but I sell my plans online for those looking to build my home! :) www.thepacificbin.com/plans/p/pacific-bin-construction-plans
$6,600 per container? Wow you got them at the top! In 2023 you can buy them around $2000 each for 40’ and just $1500 for 20’
You cannot buy 40' one trip containers for $2000. I'm sorry but this is just false.
@@devonloerop No, it's really not. Maybe in your location but containers that are from San Diego and LA ports have dropped in price significantly.
Wait, What?? Dude I got 10K in my Home Theatre Alone!!! And I Work at Walmart... I'm Confused & Envious, all at once..... I live in a modest 2 bedroom apt.
Hi wondering if it would be possible to show the drawings for this build.
Yeah I actually sell them on my website and am running a huge sale on construction plans, first 50 people using code BIN70 get 70% off. There are only 12 codes left if you're interested! Www.thepacificbin.com/plans
How many rooms, beds, and bathrooms are there?
Hey Dave! There are going to be 3 bedrooms, if you're interested in the design you should check out the video I made last week breaking down the entire design.
Land price another 100k?
How are you financing the build?
Private line of credit :)
So you basically got a about 100k of cash to create about a 500k credit line to fund this project?
Pretty much!
This home has to be worth over $1million with your sweat equity
So.. how much per night for 7 people?
Totally depends on the night. You'd have to check my website. www.thepacificbin.com
Is it PROFITABLE? DOUBTFUL
Yes. Planning the next one now.
Hi man, I can give you a link to a hot tub manufacturer so you can get a hot tub for 3-5k, and also a sauna for 2k if you are interested
Send me a DM on instagram. Mention that you reached out on YT @thepacificbin :) looking forward to hearing from you.
@@devonloerop done :D
Devon this is your mom budget 🤣
My dream home. I need help
Can you build my house please?
Money pit
Even if you were a "trust fund kid"... so what? The house is the thing, not the who or the why.
Airbnb business in Decline! Dude, you may be in financial trouble
It is for 90% of hosts, hosts that offer unique experiences to guests as opposed to just a place to stay are crushing it!
@@devonloerop if beaming would be available i sure would visit :) Since i dont travell (no planes for ever) it can only happen in my imagination
Sorry but this does not seem economically sound or profitable
Let me tell you... it is... ;)
Assuming this guy got the money from his parents (and it's not the case) he built a great house by himaelf, he didnt buy a stupid supercar to look cool. Great job Devon!