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  #1  
Old 12-22-2019, 05:30 PM
mfleming's Avatar
mfleming mfleming is offline
 
Join Date: Sep 2016
Location: Joseph, Oregon
Posts: 561
Question How Much is Your Build Costing? Mine is Currently at...

So I'm at the point of making some big financial decisions on my build.
Engine prop combo, Avionics, interior, paint etc...

I'm building a -7, slow built wings, QB fuselage. Finish kit is purchased.

Today I dug out all my receipts for everything I've purchased so far...kits, spare parts , tools and builder support (been to Synergy a couple of time)

So the basic breakdown is:

Kits = $29,752

Parts = $5,736

Tools = $7,789

Builder Support = $4,250

For a Grand Total of $47,812 (left out a couple of minor things)

So depending on the Engine/Prop combo and the avionics (IFR hopefully) plus interior...I'm looking at almost $130,000 for a completed -7.

How are you doing? Are my numbers far out of line or is this just what it takes this day and age?
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Michael Fleming
Joseph, OR
sagriver at icloud dot com

RV-7 Slider #74572
Started 11/2016
Empennage completed 11/2016 (sans fiberglass)
Ailerons and flaps completed 3/2017.
Wings completed 12/2017
Started on QB fuselage 01/2018
Donated for 2020 and so should you
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  #2  
Old 12-22-2019, 06:06 PM
wirejock's Avatar
wirejock wirejock is offline
 
Join Date: Oct 2005
Location: Estes Park, CO
Posts: 3,947
Default Completed cost

Quote:
Originally Posted by mfleming View Post
So I'm at the point of making some big financial decisions on my build.
Engine prop combo, Avionics, interior, paint etc...

I'm building a -7, slow built wings, QB fuselage. Finish kit is purchased.

Today I dug out all my receipts for everything I've purchased so far...kits, spare parts , tools and builder support (been to Synergy a couple of time)

So the basic breakdown is:

Kits = $29,752

Parts = $5,736

Tools = $7,789

Builder Support = $4,250

For a Grand Total of $47,812 (left out a couple of minor things)

So depending on the Engine/Prop combo and the avionics (IFR hopefully) plus interior...I'm looking at almost $130,000 for a completed -7.

How are you doing? Are my numbers far out of line or is this just what it takes this day and age?
I have a spreadsheet with every penny counted including tax and shipping. I would say, you're pretty close counting the QB extra cost.
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Larry Larson
Estes Park, CO
http://wirejockrv7a.blogspot.com
wirejock at yahoo dot com
Donated 12/03/2019, plus a little extra.
RV-7A #73391, N511RV reserved (2,000+ hours)
HS SB, empennage, tanks, wings, fuse, working finishing kit
Disclaimer
I cannot be, nor will I be, held responsible if you try to do the same things I do and it does not work and/or causes you loss, injury, or even death in the process.
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  #3  
Old 12-22-2019, 06:17 PM
Girraf Girraf is offline
 
Join Date: Dec 2017
Location: Southern Maryland
Posts: 134
Default

I started my project with a loose breakdown between airframe/powerplant/avionics at (33k/33k/33k) for a rough 100k. I'm also fully expecting some cost creep in there so if I come in around 120k for a 0-360/constant speed prop and decent IFR avionics, I'll be happy.

I'm doing a slow build with no help so my airframe cost is basically Van's cost plus shipping. Probably got about 3k in tooling right now.

Since you could spend as much as you want, its probably only useful to talk about how cheap you could build one. I'd guess you could outfit an RV-7 for about 50-60k if you go basic VFR and a used motor/prop.
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RV-7:
Empennage complete!
Wings in progress
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  #4  
Old 12-22-2019, 06:19 PM
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snopercod snopercod is offline
 
Join Date: Aug 2016
Location: Asheville, NC
Posts: 2,104
Default

Quote:
Originally Posted by mfleming View Post
Today I dug out all my receipts for everything I've purchased so far...
Bad mistake. You should never have done that. For God's sake, don't let your wife know!
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(2020 dues paid)

Last edited by snopercod : 12-23-2019 at 04:04 PM.
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  #5  
Old 12-22-2019, 06:39 PM
jcarne's Avatar
jcarne jcarne is offline
 
Join Date: Jul 2016
Location: Worland, Wyoming
Posts: 1,365
Default

That number seems slightly high but not too much depending on what you do. I keep track of everything and I'm tracking towards 90k-100k maybe 105k after paint for IFR. No quick builds here though. I also haven't outsourced anything except fuel and brake lines.
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Jereme Carne
PPL
RV-7A Emp. done
Wings done
Fuselage done
Finish kit almost done
Exempt but gladly paying!
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  #6  
Old 12-22-2019, 06:41 PM
Dan Langhout's Avatar
Dan Langhout Dan Langhout is offline
 
Join Date: Mar 2008
Location: Huntsville, AL USA
Posts: 546
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Quote:
Originally Posted by wirejock View Post
I have a spreadsheet with every penny counted including tax and shipping. I would say, you're pretty close counting the QB extra cost.
I also did this with my -7 slow build - until it went north of $100K. I quit keeping track after that.
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Dan Langhout
2020 =VAF= Dues PAID . . . . .
RV-7 N528DP slow build
First Flight July 26th, 2014
665 hours and counting . . . .
Now based at Moontown (3M5)
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  #7  
Old 12-22-2019, 06:50 PM
elev666 elev666 is offline
 
Join Date: Feb 2013
Location: Kincardine Ont,Can
Posts: 169
Default Canadian

Wow,, 130 K for an RV7 !!
I built a 6 over the years for about 65 Canadian when our currency fluttered between 65 & 75 cents compared to the greenback , kinda d?j? vu this time when I?m pretty sure I can still get my 7eh airborne for a mear 100 K Canadian for an basic glass panel VFR machine with two axis auto pilots on both, I guess having a Scottish background helps , paint seems to be a luxury item with quotes ranging from 10-15 thousand, I just hope I don?t try and paint them myself to save $$
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RV 6. GARV
1946 C85 J3
RV 7 A project
Grounds keeper @ CKS9, 2020 dues gladly pd
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  #8  
Old 12-22-2019, 06:53 PM
jcarne's Avatar
jcarne jcarne is offline
 
Join Date: Jul 2016
Location: Worland, Wyoming
Posts: 1,365
Default

Quote:
Originally Posted by elev666 View Post
my 7eh
Bahaha nice touch!
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Jereme Carne
PPL
RV-7A Emp. done
Wings done
Fuselage done
Finish kit almost done
Exempt but gladly paying!
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  #9  
Old 12-22-2019, 06:53 PM
Maxrate Maxrate is offline
 
Join Date: Dec 2008
Location: League city, TX
Posts: 544
Default

I?m about where you are Michael. North of 40K. My plan is to get the engine and prop on for another 40 and use the Vans provided panel and put in the minimum VFR instruments and get the plane in the air while I spend a few years saving for the dream panel. I think I can get basic instruments and an old King radio to do the job.
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Mark Malone, RV7
Wings complete, SB 14 complied with, canopy and cowling in progress, Up on the gear.
N442MM reserved
http://www.mykitlog.com/MikeMike

2020 Donation gladly paid..
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  #10  
Old 12-22-2019, 06:55 PM
rocketman1988 rocketman1988 is offline
 
Join Date: Jun 2010
Location: Sunman, IN
Posts: 2,189
Default $$$$

Don't look at the -10 numbers!!!
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Bob
Aerospace Engineer '88

RV-10
Structure - 90% Done
Cabin Top - Aaarrghhh...
EFII System 32 - Done
297 HP Barrett Hung
ShowPlanes Cowl with Skybolts Fitted - Beautiful
Wiring...

Dues+ Paid 2019,...Thanks DR+
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