That is a great explanation. My dim's would be 24' x 26". All I want is an estimate to judge how much cash is needed. Initially it would be used for some storage and it will enhance the appearance of the whole house if it were done. Obviously before doing anything I would have to plan for what the future need/uses of it would be so I can incorporate any necessary walls, etc.
Thanks.
You can adjust for your particular layout. Add 4 LF of wall for the 26'. Subtract 24 LF of wall if this is to be next to an existing building wall.
add 2'x24'=48SF of roofing for the larger space.
And the basic prices were roughly estimated like this.
Wall framing:
Each lineal foot of wall needs 1LF of bottom plate and 2LF of top plate=3LF,
2x5x8 at HD is $3.42 and $3.97 for PT. So figure half of one @$2.
Then for the studs, figure one per LF as mentioned above. Ooops, I just figured $2, when I should have put $3.50, so add another $150 to the estimate, but it's rough anyway, so 5K is still close, even when you add say 50SF of roof at $4=$200 and reduce the wall by 20LFx20=minus $400. You end up about the same. And there was a little fat in the gable end which I figured as 24LF of 8' high wall. Use that for some small overhang framing and soffit material.
Anyone could set up a simple spreadsheet to figure the cost of a building of any configuration, size or material. You just need line items for each and every item to be included, labor and material, taxes, insurance, permits, fees and (If you are a contractor) overhead and profit. And I always like to budget a percentage for contingencies. Like unexpected delivery fees, weather problems, material upgrades and things I forgot. Use the CSI construction divisions to account for and organize everything.
http://en.wikipedia.org/wiki/16_Divisions It helps you to not forget anything. Some commonly forgotten things on projects are caulking and sealants, lock sets and hardware, special finish trim, rough and finish hardware, security and home automation equipment, specialties and finishes. And don't forget the cost of furnishings.
And in each division it helps to know enough about the trade to know what materials and equipment are required. For roofing, for instance, you need to make decisions on, and price, the shingles, underlayment, ply clips, edge metal, flashings and counter-flashings, valley material, ice and water shield, staples, nails and gutters and downspouts. And if DIY, the tools to safely install the above including fall protection. scaffolding and ladders, measuring tape and chalk line, staplers, hammers or air guns, metal cutters and caulking guns.
Just ignore divisions that don't apply to your project.
A completely designed and selected building project with a careful takeoff of materials and competitive bids for labor can be accurate to 1%.
And even a roughly estimated simple project like yours above should be within 10% of actual cost. Just remember that total costs change when the scope of the work changes or the materials selected change or as time elapses.