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Itemized Cost to Build a New House 2018-19
Old 12-16-2018, 11:15 AM   #1
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Itemized Cost to Build a New House 2018-19

I wanted this for myself, thought I'd post in case anyone else might be interested. Just an example, presumably everything "builders grade," and without the cost of land (which can vary tremendously).

FWIW

https://www.24hplans.com/how-much-do...ild-new-house/
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Old 12-16-2018, 11:32 AM   #2
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Rebuilding costs in Santa Rosa after the fire are around $450 per square foot. I don't know anywhere on the West Coast where the cost is less than $200 per square foot. And that's home builder costs.
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Old 12-16-2018, 11:33 AM   #3
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Originally Posted by Midpack View Post
I wanted this for myself, thought I'd post in case anyone else might be interested. Just an example, presumably everything "builders grade," and without the cost of land (which can vary tremendously).
One thing's for sure; it's not going to be cheap. And those of us who have lived in brand new never-been-lived-in homes, know that the extra costs (in comparison with a "used home") don't stop on move-in day. The nickle-and-dime'ing just keeps dinging your bank account endlessly. Silly you, you want a mailbox? Oops, the brand new house doesn't have one. Street number on the house? Uh, no. Window coverings? No, you're on a stage for the world to see as you dress or undress. A simple hook for your bathrobe? Nope. And it goes on and on and on to the point at which it could drive one mad. A previously owned home will have all of these, and often extra conveniences specific to the home that I never would have thought about.

Each to his/her own, but I have no plans to ever build a house to live in.
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Old 12-16-2018, 11:39 AM   #4
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Midpack- thanks for posting the chart. Iíd have a house built if I could get those prices.
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Old 12-16-2018, 11:40 AM   #5
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Quote:
Originally Posted by Midpack View Post
I wanted this for myself, thought I'd post in case anyone else might be interested. Just an example, presumably everything "builders grade," and without the cost of land (which can vary tremendously).

FWIW

https://www.24hplans.com/how-much-do...ild-new-house/
Nice guide. I wish this existed when I built two homes in Connecticut decades ago. One thing that's not included is how much of your hair is going to fall out after going through the process of acting as the General Contractor and hiring all the subs to build your house. It's a daunting process, to be sure.

Never again would I do anything like this. There are too may very nice used homes on the market that are 98% of what your wife needs (wants).
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Old 12-16-2018, 11:45 AM   #6
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One thing's for sure; it's not going to be cheap. And those of us who have lived in brand new never-been-lived-in homes, know that the extra costs (in comparison with a "used home") don't stop on move-in day. The nickle-and-dime'ing just keeps dinging your bank account endlessly. Silly you, you want a mailbox? Oops, the brand new house doesn't have one. Street number on the house? Uh, no. Window coverings? No, you're on a stage for the world to see as you dress or undress. A simple hook for your bathrobe? Nope. And it goes on and on and on to the point at which it could drive one mad. A previously owned home will have all of these, and often extra conveniences specific to the home that I never would have thought about.

Each to his/her own, but I have no plans to ever build a house to live in.
I've had a new home built once and it was not pleasant even before the "nickel and diming." A resale would be easier and probably about 20% cheaper per sqft in a better location.

Believe me I don't want to buy a new home, but it may be our only option to get exactly what we want in a forever home (not quite like most mainstream homes, much less older resales), unless we're willing to wait forever for a (late model) resale close enough to our spec. We've been looking for quite a while, and it's going to be an interesting process to watch DW grapple with the inevitable trade offs between price, location, size, amenities, layout, efficiency, etc.

But I'm just sharing the chart FWIW. Not looking for help in our search.
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Old 12-16-2018, 11:49 AM   #7
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Originally Posted by W2R View Post
One thing's for sure; it's not going to be cheap. And those of us who have lived in brand new never-been-lived-in homes, know that the extra costs (in comparison with a "used home") don't stop on move-in day. The nickle-and-dime'ing just keeps dinging your bank account endlessly. Silly you, you want a mailbox? Oops, the brand new house doesn't have one. Street number on the house? Uh, no. Window coverings? No, you're on a stage for the world to see as you dress or undress. A simple hook for your bathrobe? Nope. And it goes on and on and on to the point at which it could drive one mad. A previously owned home will have all of these, and often extra conveniences specific to the home that I never would have thought about.

Each to his/her own, but I have no plans to ever build a house to live in.
All good points.

On the other hand, many things in a house need to be repaired or replaced over time. Buy a new house, and the clock starts at 0. Buy a 20 year old house, and you're likely to be facing a lot of repair expenses in the near future.

A newer existing house can be nice because you're not too many years any, and any big construction mistakes have probably already been fixed.

Oh, those extra conveniences may include things you didn't really want. Don't want a fireplace? Too bad, this house you really like has one, and the price is a little higher because of it.

One this is for sure, building a new house is almost always stressful.
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Old 12-16-2018, 12:03 PM   #8
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But I'm just sharing the chart FWIW. Not looking for help in our search.

Iím glad you did post the chart and included the related URL, looks like useful info whether building or not.
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Old 12-16-2018, 12:04 PM   #9
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Not reading into the details of the link, as the number is not reasonable. I will build in four years and I am looking at 300 per sqft.
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Old 12-16-2018, 12:07 PM   #10
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Not reading into the details of the link, as the number is not reasonable. I will build in four years and I am looking at 300 per sqft.
Including land? If not, that's a very nice house.

Not reasonable? I noted in the OP it was just an example and presumably builder grade. There are definitely places all across the US, including TX, where you can build a house for $100 per sqft without land costs. $300 per sqft without land is above average for the majority of homeowners.
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Old 12-16-2018, 12:25 PM   #11
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The one thing that I do not see is the sq ft of the house... it makes a big difference...




Also needed if buying your first house that most people do not think about it all the equipment you need to get to just do yard and house work... and few people have furniture to fill up a larger house than the apt you were living in..
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Old 12-16-2018, 12:29 PM   #12
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The one thing that I do not see is the sq ft of the house... it makes a big difference...

It's in the article.

Quote:

Now, letís add up the total costs and consider the cost per square foot for 2016/2017 for a home 2,497 square feet:
  • Average total home construction cost: $256,580
  • Average cost per square foot: $102.75
Home construction cost per square foot has risen from about $80/sq. ft. in 2011 to $95/sq. ft. in 2013 to todayís figure of $103.50, per the National Association of Home Builders, the industryís leading professional association.
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Also needed if buying your first house that most people do not think about it all the equipment you need to get to just do yard and house work... and few people have furniture to fill up a larger house than the apt you were living in..
Those expenses happen whether you buy a new home or existing, unless the previous owner leaves stuff. It's very clear you wouldn't include this in the actual construction cost of the house since it has nothing to do with construction.
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Old 12-16-2018, 12:31 PM   #13
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Never again would I do anything like this. There are too may very nice used homes on the market that are 98% of what your wife needs (wants).
I'll have my DW contact you, so you can 'splain that to her.

And seriously, we've been looking at resales online almost daily since July, and there hasn't been anything even close to 98% - maybe 75%...
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Old 12-16-2018, 12:40 PM   #14
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Never again would I do anything like this. There are too may very nice used homes on the market that are 98% of what your wife needs (wants).

My experience is that remodeling 2% of a nice used home is tougher on a guy than building new home.
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Old 12-16-2018, 12:43 PM   #15
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This pie chart is way too funny.
$4K for water/sewer hookup. LOL.
In Erie, Colorado, where they are building "cheap" houses, the water/sewer and impact fees are $46K.
https://www.erieco.gov/DocumentCenter/View/4612
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Old 12-16-2018, 12:48 PM   #16
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We had one new home and yes all the extras really do add up. It wasn’t cheap either to remodel the old one we bought even with DH doing the work.
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Old 12-16-2018, 12:51 PM   #17
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One thing's for sure; it's not going to be cheap. And those of us who have lived in brand new never-been-lived-in homes, know that the extra costs (in comparison with a "used home") don't stop on move-in day. The nickle-and-dime'ing just keeps dinging your bank account endlessly. Silly you, you want a mailbox? Oops, the brand new house doesn't have one. Street number on the house? Uh, no. Window coverings? No, you're on a stage for the world to see as you dress or undress. A simple hook for your bathrobe? Nope. And it goes on and on and on to the point at which it could drive one mad.
That was a lesson we learned when we moved to WV. We were in deficit spending mode for 6-8 months after move-in date, and we had all the yard maintenance gear from our previous house. Suffice it to say that Lowes and other home furnishing stores were loving us.

Never again!
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Old 12-16-2018, 12:54 PM   #18
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This pie chart is way too funny.
$4K for water/sewer hookup. LOL.
In Erie, Colorado, where they are building "cheap" houses, the water/sewer and impact fees are $46K.
https://www.erieco.gov/DocumentCenter/View/4612
You think that's normal? First current hit when I googled was Arlington, VA, a high priced area. https://building.arlingtonva.us/des-...services-fees/
$3300.

Just because you found an exception and think it's funny, doesn't make it wrong.
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Old 12-16-2018, 01:12 PM   #19
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Impact fees are somewhat driven by a municipalityís capacity to service additional homes. If they are at or near capacity, or if the municipality has high costs in providing utility services, they will impose impact fees accordingly.
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Old 12-16-2018, 02:35 PM   #20
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They left one item off the pie chart--the cost of the divorce. Building a home from scratch puts untold pressures on a marriage.

I found it much less expensive for my wife to search for a foreclosure in good shape, and fortunately we had the cash reserves to do a quick, easy transaction. And we ended up at $60 per square foot.
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