View Poll Results: Cost per SF of your housing
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Less than $2 (US)
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3 |
2.68% |
Less than $4
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12 |
10.71% |
Less than $6
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24 |
21.43% |
Less than $8
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19 |
16.96% |
Less than $10
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14 |
12.50% |
Less than $12
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10 |
8.93% |
Less than $14
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5 |
4.46% |
Less than $20
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10 |
8.93% |
Less than $25
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1 |
0.89% |
More than $25
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14 |
12.50% |
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Poll: Annual Housing cost/SF
09-24-2016, 05:15 PM
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#1
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Poll: Annual Housing cost/SF
Polls (Poles for those who prefer) seem to be the order of the day, and I agree they can be fun.
Here's mine. I liked rodi's poll so I expanded it a bit.
Add up all your annual housing expenses (the ones that apply to you). A possible list might be:
Mortgage
Rent
Homeowner’s or Renter’s Insurance (OK to include umbrella)
HOA/condo fees or the equivalent
Electricity
Gas/propane/whatever you use to heat/cook
Internet/TV
Landline or VOIP phone
Typical maintenance/repair cost (averaged)
Property taxes
Maid/gardener/housekeeper costs (or equivalent)
Anything else you consider a cost of your housing.
Please count only the home you spend more time in each year than any other homes you may own.
Now take that total (annual) cost and divide it by the useful square footage of that home.
If you don’t mind, I would love it if you could post here in addition to voting in the poll. What I would like to know is the range (from the poll) and your location (state, province, country) along with type of location (urban, suburban, rural).
I apologize in advance for those who have to convert meters to feet.
For me, $4.32 per square foot in suburban Kentucky.
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09-24-2016, 05:25 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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You didn't state the time frame. Do you mean per month?
Edited to add: Never mind. Given the numbers, I expect it's annual cost, which, for me, converted to US$, is US$4.80 per sq. foot. Small urban area, British Columbia, Canada.
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09-24-2016, 05:28 PM
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#3
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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$5.62 in an inner suburb of New Orleans, Louisiana. In order to make a meaningful average of home repairs/upgrades, this is for my prior home (1573 sf), not for my new dream home that I have only lived in for a year.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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09-24-2016, 05:44 PM
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#4
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Quote:
Originally Posted by Meadbh
You didn't state the time frame.
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Good catch! Yes, I meant annual cost.
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09-24-2016, 05:47 PM
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#5
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,514
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I added "annual" to the title and first post for clarification.
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09-24-2016, 05:49 PM
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#6
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,514
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South Florida, urban single family house in an HOA. Just an estimate, but I think we spend around $9.50 per sq. ft.
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09-24-2016, 05:49 PM
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#7
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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Thanks, MichaelB. Man, we have the best mods around here!
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09-24-2016, 05:51 PM
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#8
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
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Based on the same annual house expenses used in the other poll it comes to $3.85/sf..
2600sf house in PHX
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09-24-2016, 05:55 PM
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#9
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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South Florida just over $3.00 a square foot .
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09-24-2016, 06:05 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
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Quote:
Originally Posted by braumeister
What I would like to know is the range (from the poll) and your location (state, province, country) along with type of location (urban, suburban, rural).
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Under $6 in rural TX.
__________________
Numbers is hard
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09-24-2016, 06:46 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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Under six bucks in the suburban Central Valley of CA.
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09-24-2016, 06:46 PM
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#12
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Recycles dryer sheets
Join Date: Dec 2013
Posts: 331
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$39.60/sq ft in urban area in DC metro
$14.20/sq ft in suburban area in southern US town
$6.94/sq ft in suburban area in western US city
These are my three places in the last three years, in reverse chronological order. They got progressively smaller while getting progressively more expensive. The first two are rentals, the last (cheapest) had a mortgage.
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09-24-2016, 07:02 PM
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#13
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Full time employment: Posting here.
Join Date: Sep 2012
Location: Albuquerque
Posts: 839
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My costs were $7/SF in 2014 but $10/SF in 2015 when I had the exterior of my home painted. No mortgage but I included all utilities except cable/internet which I consider entertainment. This is in an urban area in a western US city. Much of the cost is due to hiring a yard guy and a housekeeper who cleans every other week but I work long hours and travel for business a lot so just don't have the time. Once I retire, I want to relocate and get a smaller home that is more energy efficient and less maintenance.
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09-24-2016, 07:36 PM
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#14
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Recycles dryer sheets
Join Date: May 2014
Location: Far Hills
Posts: 51
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around 5, semi-rural NJ
Sent from my iPad using Early Retirement Forum
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Square footage doesn't tell the whole story
09-24-2016, 07:37 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Texas
Posts: 3,024
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Square footage doesn't tell the whole story
I answered less than $8. It's actually right at $6 if I only count the normal recurring costs. But if I add in my average home remodeling projects over the last few years, it's close to $8.
That's probably high for suburban North Texas with no mortgage. But it's 50 years old, so maintenance costs are high and energy efficiency is an issue. There's a long backlog of home improvement projects that I'm working through. Plus this is Texas, so property taxes are quite high, but that's offset to some degree with no state income tax. We do all cleaning and routine maintenance ourselves. Also, the property is 2.2 acres with a pool, a detached living area, and we back up to a small 10-acre lake shared with about 8 other similar properties.
__________________
Retired at 52 in July 2013. On to better things...
AA: 85/15 WR: 2.7% SI: 2 pensions, SS later
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09-24-2016, 07:50 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Location: GTA
Posts: 1,725
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Hmmm... don't you Yanquis have water or sewage service to pay for down there ? Lol
In USD, about $7.25/sq.ft. Suburban Ontario, Canaduh.
There is also considerable disagreement over how to calculate square footage. Here they say not to include any basement rooms. However, we have a tv room and washroom down there we use so I included it.
__________________
Family Motto: "Every penny's a prisoner"
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09-24-2016, 07:52 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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Not sure if I did it right but I come up with $15 a sqft just with:
Mortgage
Taxes
Electric
Heating oil
Cable, internet, phone.
Seems to be 2 0r 3 times what most are paying so far.
1400 SQFT Suburban NY. 1/2 way between NYC and Albany.
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09-24-2016, 08:17 PM
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#18
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Full time employment: Posting here.
Join Date: Sep 2006
Location: SoCal
Posts: 927
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We're at $11.23 per/sf, with more than half of that attributable to mortgage payments (5 years to go!).
This is a 2869 sqft suburban tract home in Southern California. Our exposure and microclimate keeps our heating and cooling costs much lower than many of our nearby friends and neighbors.
__________________
I can't complain, but sometimes I still do.
- Joe Walsh
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09-24-2016, 08:18 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,743
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Under $8 Suburbs of Boston. Did not include the finished basement square footage in the calculation
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09-24-2016, 08:20 PM
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#20
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Koogie
Hmmm... don't you Yanquis have water or sewage service to pay for down there ? Lol
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Since the instructions said, " Anything else you consider a cost of your housing.", I included water and sewage service. No way would I want to have a house without them!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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