How much does it cost on average to build house like this
Il Av
5 years ago
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Il Av
5 years agodrdeb1234
5 years agoRelated Discussions
Care 2 Share? How Much Did your Home cost to Build?
Comments (30)$360,000 to build + $200,000 for 40 acres with 330' lakeshore in MN. The cost to build includes about $30,000 for gravel driveway, $7,500 for underground electricity, well for $6,250 and $10,500 for septic. 4 BR/2.5 bath. 1,450 sq ft main finished, 1,100 2nd level finished, 1,450 basement unfinished, 780 bonus room unfinished. 2-car garage unfinished, 28'x28'=780 sq ft. Colonial variation with 6 dormers. 9' ceilings throughout including basement. Open floor plan two story great room/kitchen/dining room. Master BR and laundry on Main Floor. Split-faced block, Hardiboard siding. 8/12 pitch with architectural 40-yr shingles. Upper mid-level finishes. Large porcelain tile, BR-111 Amendoim wood floor, 48" stainless steel double oven stove with custom 48" range hood, maple stair treads and railings with white balusters, maple fireplace hearth surround, custom mudroom lockers, geothermal HVAC including radiant floor in basement plus desuperheater, garage and bathroom tile floors, closed cell sprayfoam insulation, quality vinyl argon-filled casement windows. Finished building August, 2009. Hopefully plan on never moving. I was nervous building in a severe market collapse because I didn't know what would happen if our appraisal was less than what it cost to build. Local lender really helped as well as one-time close construction to permanent loan as they had an incentive to get it closed. I was technically the GC although we had an experienced, quality builder. I did the tile, wood floors, built master shower, painting, basement waterproofing, interior and exterior drain tile, much of radiant tubing and below slab insulation, closet systems, pantry, low voltage wiring including Cat6 and coax to multiple locations in each room, security wiring, music system and speaker wiring, fireplace mantle, hearth and surround, etc. On-site every day after work and many days before work too and every weekend....See MoreHow much does an elevator cost to build?
Comments (8)Elevators can have different lifting mechanisms, platform sizes, number of doors and number of floors. The shaft might be masonry, wood framed or light steel framed. It would also matter where the project was located. People can give you numbers but until you reveal your situation they will not be helpful....See Morehow much does building 2600 sq ft home cost if I own the land
Comments (16)If you're thinking of this as investment, that looks different. The answer to your "which is better" question is "probably neither." If you build new, I can almost guarantee that you'll lose money on the resale. If you buy existing and renovate, you'll be lucky to break even. And don't forget that every renovation you spend your cash on represents cash you can't invest somewhere else. I'm not an expert on this, but based on what I've seen friends succeed and fail at, there are two ways I know of (there are no doubt others I don't) to make a profit on your personal home. 1. Ideally in a cool market, buy an existing, well maintained home with desirable design in a desirable neighborhood where homes are appreciating. Live in it and maintain it well. Don't attempt any renovations whatsoever. When values are approaching your profit goal and the market is hot, but before the decor and design you bought would be considered "dated," clean it, paint it, buy a new range and a big refrigerator, and sell it. Repeat. 2. Buy a distressed property (foreclosure, estate sale, similar) with fundamentally desirable design in a desirable neighborhood where homes are appreciating. Repair what's broken. Live in the home and maintain it well. When home values in the area are approaching your goal, no sooner, decorate and update based on what's then popular and what's selling. No layout changes, no wall teardowns, no major renovations. Sell when the market is hot. Repeat. Either way, if profit is your main motive, or even a significant one -- from the second you start house hunting, your house is never your home. It's always your potential buyer's home. Don't buy a house because you like it, buy it because your buyer will. Don't change things because you want them that way, change them because your buyer will. If you're thinking in terms of what you need or want in a house (main level bedroom/bath, open floor plan, brick facing, and so on), you're already on the wrong track. I watched that happen to a friend some years ago. She had loads of fun renovating her house, but she got almost none of her costs back when she sold it. She would've been better off to have spent the renovation money on a couple of fun vacations....See MoreHow much less does a square or rectangle house cost to build?
Comments (10)Back to the topic at hand.....corners and how they effect cost... While there's a tipping point as to the number of corners as it relates to excessive costs, just because it's an easily quantifiable thing (stick out one's index finger and go clockwise, or counterclockwise around a house....how hard is that?) doesn't make for anywhere near of a complete analysis of a designs cost. I don't design production housing anymore but when I did, the builders (and unlike the folks building here and possibly yourself, they are professional clients who know a lot more about what they are looking for) really didn't make a big deal about corners, even for very price point sensitive entry level housing. As an illustration, below are plans of entry level housing (which for the record, I don't think are that good, but this thread is about corners and cost, not about spatial organizations so I hope we don't get sidetracked) going up in my area (which is about $400K here, the land being the significant cost driver). Three bedroom, two bath stuff, not even a dedicated PR! This is real stuff in a real market with real costs, real risks and real profit margins, yet corners are abundant. And the financial model for a typical builder building cost sensitive speculative houses in a competitive market is a lot more financial constraining than custom building by folks who are going to move in the day of completion. Sure, everyone has a budget but building a house to hopefully immediately sell at a profit so food is on the builders table or a builders kid can go to college is a whole lot harder financial endeavor than building a house where "profit", a number outside of the cost of building, is not part of the financial model. Yet, most of the builders I've worked with really aren't concerned with houses having 10, 12 or 14 corners like the above. Sure, there's a point where increased complexity has merit as it relates to costs but the "corner thing" tends to get too much weight on this forum when compared to the attention it gets from folks who deal with costs everyday as part of their livelyhood. As another example, we are temporarily in a rental now, having sold our Annapolis house faster than we thought. It's an entry level 1200SF speculative built house that at one time needed to be sold for a profit in a competitive environment...... and it's got 10 corners!...See MoreIl Av
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