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Home-built RV-7A airplane excavated from basementReeves figured it cost him $40,000 to $45,000 to build the plane, plus the $5,000 it cost to excavate down to his foundation, shore up the basement walls, jack up the house and knock a hole in the wall large enough to safely get the plane out. (www.pennlive.com) More...
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Rather poor planning to start building it in such a confined space. Of course renting a hangar for that many years would probably have been much more expensive than $5000.
i could have rented him a shed here in iowa where he could have built his plane and it would have cost him $1,000.00 a month
Seems that he could have spent the 5,000 on an out building and built it there instead-but then you would have to have a bit of forsight.
Rent a shed at $1000/mo x 9 years = $108,000. plus costs for commuting from PA to Iowa appears to be more than double the lack of foresight cost him.
I myself think this is kinda cool. Its obvious he loves airplanes and what better place to build it than your basement. The fact that he had to make a Garage isn't bad, because now he has a nice new access to his basement he didn't have before. 5k doesn't seem so bad compared to renting a place that you have to constantly drive to. At least he was home every day to work on it.