Appraisals

Obtaining an accurate appraisal for a house that is different from the norm has been “interesting”.  One appraiser exclaimed as I opened the door, “I can’t appraise this house!!” and turned around an walked out.  (He meant because there were no comparables.)  It is a unique house.

Following are Appraisals that were obtained along with a description of the property at the time:

In May and June of 2001, two different appraisers came – One: $200,000 and the other: $210,000.  At that time the house was finished except for the ceilings in the lower level family room and bedroom/office, there had been no final grading of yard and driveway or concrete porches; and included only Lot #16 (1.13 acres) on which the house was built.

In 2009 Jason Kelley, an appraiser from Morristown, appraised it at $257,500.  My husband had installed a suspended ceiling in the above mentioned two rooms; the yard, landscaping and driveways were finished, and we had purchased the adjacent Lot #15 (1.35 acres) for a total of 2.48 acres.  Jason did more “due diligence” as he not only carefully measured the inside of each room, but researched the website;  www.deltechomes.com, to learn about the unique construction methods utilized here and their benefits and to obtain cost to build the house in 2009.   

On June 22, 2015, Tom Green, another Morristown Appraiser,  appraised it at $300,000 with an actual Cost Value of $308,500.

Cost Estimate

Linton’s Cost Estimate for the construction of this house in 2000 is pretty close.

However, I measured the driveway and it is roughly 3,637 sq ft of asphalt, but two additional gravel areas: one is for an RV, and the other allows driving back up to the road.

The asphalt makes a Y just below the entrance from the road, the right fork (#1) goes downhill on the south side of the house and measures approximately 123′ long x 14′ ft wide = 1,722 sq ft

and (#2) the left fork goes in front of the house and measures approximately 83′ long and is 63′ x 20 ‘  (or 1260 sq ft) plus  20′ long x 14′ wide (or 280 sq ft)  = 1260 + 280 = 1540 sq ft.

and (#3) approximately 25′ x 15’ concrete pad (with some asphalt beside it) = 375 sq ft. here

So (#1) 1722 + (#2) 1540 + (#3) 375 = 3,637 total sq ft paved driveway approximately.

Cost of this:  3,627 sf x $2.5 = $9,092.5 (which I believe is about what I paid for it 2005 or 2006 as I am still looking for the paid receipt.)

Checking out the cost of asphalt on the internet today, I learned that it costs between $3and $4/sq ft.

$4 x 3637 = $14,548.

 

Comment Received

I received the following E-mail regarding my Deltec Home on Friday, July 31, from Linton who has given me permission to post it here.

Subject: “Great House and Great Website”

Message Body:
“My wife and I are seriously considering building a Deltec home in Winchester, KY (central KY bluegrass area).  We toured the Deltec model home and factory a couple of weeks ago.  Your home and land is beautiful, and your website has been very helpful to me in my attempts at planning and budgeting for our house.  It is obvious you went about choosing your lot, your home design and materials, and the construction process in a very thoughtful and informed way.  I truly think your home is fairly priced (the TN tax assessment is too low, only about 1/2 of what your home/land is worth), and if my family could relocate to your area in the near future, I’d seriously consider it.  We have a farm and also a 5 acre dream lot near our current home which we plan to build on, with nice south facing views of small hills, but not as nice as your Smoky mountain views!   I plan to go passive solar with grid-tied active solar on an attached garage roof.  Our current home has a new 7.5 kw grid-tied solar system installed on it.

I’m an amateur “number cruncher” and I’ve put together the below estimates for your house, to try to understand my own Deltec budget better here in KY.  I hope you don’t mind me asking, but am I far off some of these numbers below in your opinion?  Any input you can provide would be appreciated, as I can see from your website that you are careful planners and thorough researchers.  I realize your cost figures are from 15 years ago, so these may be off from what I can expect in KY now.  I wish you the best in your move and I personally think your very special home will find a new owner in the short term.  Linton

$175,560    1596 sf above ground *$110 psf
$50,000    1000 sf icf basement *$50 psf
$12,000    600 sf basement garage * $20 psf
$25,000    lot 1 guess 1.13 acres
$25,000    lot 2 guess 1.35 acres
$7,500    driveway guess 400′ long * 8′ wide * $2.50 psf
$5,000    decks guess
$2,500    appliances guess
$5,000    landscaping

$307,560″

$300K asking price in 2015

Building Post # 6

P126 TP60he 17 Deltec panels have now been installed onto the Reddi-Wall Foundation.  They look exactly as they did when taken off the truck, with plywood on the outside and the inside is shown in the photo on the right.

 

 

P137

This photo shows my husband down in the “moat” and is pointing out the Enkadrain Moisture barrier that he and I had just finished install over the foam in the area that would soon touch dirt after the backfill.

 

P173This photo on the right shows the final piece of Plywood being installed over the foam to match the Deltec part just before the vinyl siding was installed.

What is a Reddi-Wall Foundation?

Reddi-Wall has spent lots of time developing and perfecting building materials that bring technology to the fore-front of home and factory construction.  Today they are among the top builders of homes in Michigan to use alternative build materials.

P30“When you have an Energy Efficient Insulated Concrete Forms, Reddi-Wall house, you have in the thermal mass of the Insulated Concrete Forms a built-in heat battery that not only keeps you warm and cozy in the winter, but also cool and comfy in the summer.”  In the photo on the right, you can see the foam panels stacked up awaiting the workers to finish the footings in preparation for installation.  Clicking on it will enlarge the photo and you can see inside the panels which will be filled with Ree-bar and then Cement.

P41The photo to the left shows the panels have been installed and the workers are now guiding the cement (of the “just-right” consistency into the forms.  P39The photo to the right shows a finished  foundation wall built by Reddi-Wall Construction.

 

 

Below are some interesting facts from the Reddi-Wall website about this new building technique:  Their website can be seen at Reddi-Wall.com.

  • Sound Resistant to 52 DB
  • Wind Resistant to 200 mph
  • Average Temperature of 74*
  • Quality, Safe Air
  • Healthy Livability of Basements
  • Non-Detectable Fungus Count
  • Mold Count is 54-144 pp/cm
  • Non-allergenic Basement
  • Average R-Value of 26
  • Only a 1% chance of cracking
  • Only a 1% chance of Leaking within 5 years
  • Qualifies for a 5 Star Energy Rating
  • Qualifies a Home Buyer for a 9% Higher Mortgage than traditional home
  • Energy Savings over 30 years on 2000 sq ft = $80,000

Reddi-Wall Inc was featured in a segment of TV’s “Extreme Spaces – Today’s Healthy Home”.

This is the foundation used for this

Deltec Home for Sale in Tennessee.

 

What is a Deltec Home?

Home for sale in Tennessee is a Deltec Home.

What is a Deltec Home?

P65The Deltec circular home is a prefabricated, panelized building system which is purchased as a package and is shipped in a truck to the building site where local carpenters are hired to put it all together. Each home starts with the radial floor and roof systems, exterior walls (each is 8′ wide), and hardware. The new owner can customize his/her new home with a variety of designs. The design allows much flexibility with floor plans, windows, overhangs, porches, etc.

Because  Deltec Homes value excellence, only high-quality materials are used in the construction of these homes. There is no cutting of corners to save money.  With a Deltec Home you are getting a high performance, extremely durable home.  In 46 years a Deltec home has a proven record of high wind resistance as no Deltec home has lost due to a hurricane or tropical storm.

P131Click on the photo to the left and and notice the size of the roof ties and the amount of wood in the joining of the 8′ panels and also several other items which show Deltec goes above and beyond on the quality of materials which are used in building this kind of house.

A Deltec Home reflects everything you want in a home: beautiful, unique, safe, secure, easy on the environment and low in energy costs.

All aspects of a Deltec Home are ingeniously designed to work as a system, making it the smartest home you can build for high wind areas.  Many aspects work together to outperform traditional homes in terms of sustainability, strength, quality and design:

  • the aerodynamic circular shape of the building works with nature, not against it.
  • Wind cannot build up enough pressure on any side to cause structural failure;
  • The reinforced clear span roof is at optimal pitch for wind deflection and reduced lift;
  • The use of only superior materials;
  • Strong connections between the roof, exterior walls, floor systems and foundation.

Circular homes are inherently Energy Efficient, but Deltec enhances its natural performance with tight construction, extended overhangs, flow through roof venting, and wall thickness upgrades.

Double click on the link below to see a video which shows some of the building techniques that make this a Hurricane Resistant Home  Be sure to scroll down the page and see a drawing that depicts the wind being deflected around a Deltec house.   http://deltechomes.com/our-homes/hurricane-resistance/

Deltec Home for Sale in Tennessee.

 

 

Building Post #5

P129When the stairway was finally finished, and I finally was able to get to the upper floor, it was very impressive!  The amount of wood used in the construction of this house was absolutely amazing!.

P131The house was finally becoming a reality and I began to re-asses my opinions about finishing materials.  Seeing all this wood and how beautiful it was, I debated whether to cover it with drywall or somehow leave the wood showing.  It  seemed P128a shame to cover it all up with drywall… but it had to be done.  We could not live in it this way and so I enjoyed it as long as possible.

Be sure to check out the next post which shows Deltec Homes’ graphic design of this hurricane resistant home.  This was one of the deciding factors in the decision to build this kind of home.

Building Post #4

P126The carpenters had not problem walking up this “bridge” they built to get into the house, but standing at the entrance and looking down 16′ to the bottom of the “moat”, was enough to keep me out of the house for several weeks until a stairway would be built.

 

P119

Here the men are installing the rafters
for the roof.  Clicking on the photo will enlarge the photo and you see them leaning out over the wall to install the overhang.

 

I felt at times that the carpenters deliberately delayed putting in the stairway so I couldn’t get up there and tell them what to do.  Later on, when they got around to building the stairway,

P170I learned that the real reason was that they were quite apprehensive about cutting out the opening in the floor.  The owner finally decided to make the cut himself and then the carpenters got to work on the stairway.P189

P188

 

Copyright 2015.  Smoky Mountain Creations.
All Rights Reserved.

 

Building Post #3 / Deltec

P83Once the floor joists were in place, the carpenters were ready to go home.  It was a hard day’s work!.  The men had built a temporary ramp from the ground level of the driveway.  This 2″ x 10″ board was about 12′- 16′ long.  I walked up it once, but when I looked down below me at the 16’+ drop, I had a little bit of apprehension before and while I walked back down.  Consequently this prevented me (the owner) from “helping” the carpenters for the next several weeks, until they built the stairs.  I think they were happy to get rid of me for this period.

P84The next day the first layer of 3/4″ plywood for the subfloor was installed. (My husband took these photos).  Later a second layer of 3/4″ plywood would be installed over this one.

P86

Once the flooring was done, a crane was hired to lift each of seventeen 8′ wide panels up into the house for installation.

P97Each panel was very securely installed in place as per “Deltec homes” specifications.  The result of these specs is a very strong, well-built house which has proven to be extremely resistant to high winds.

A quote from their website, Deltec Homes:

“Deltec has gone over 46 years without ever having lost a house to hurricane winds or high winds of any kind. The round shape, quality of materials, and fortified engineering are some of the factors that help keep this outstanding record. For more information about our prefabricated wind resistant circular homes, please watch the video, click the diagram below, or hear from our homeowners who have proof of the strength of a Deltec round home firsthand.”

P99

P102

 

 

 

 

Once the 17 sides were secure, the crane then lifted all roofing materials up into the house where the carpenters had easy access to them.

P110P105

 

 

 

 

 

Copyright 2015. Smoky Mountain Creations, Shelby Wagner.  All rights reserved.