anyone ever built a house?

General Real Estate Investing
1

This is kind of vague, but does anyone have any ideas what it would cost to build a 1500 sq ft house. ok very vague. Nothing fancy, just your basic ranch

trwilliams

2

I have heard about $100/sqft. However, I have no experience in this. This of course excludes the cost of the land. I would be interested to see what others have paid. I am sure there are at least a few on this board that have done this. I would also think that the costs would be vary region to some degree.

3

Hi trwilliams,
Here is an approximate cost of a 1500-2000 SQ. FT. home to build, some of these figures are a little high and will be different in your area. I also allowed 20k for any misc. cost.

$30,000 SUBDIVISION LOT
$24,000 FRAMING & ROOF PACKAGE
$10,000 FOUNDATION
$ 4,500 SIDING
$ 2,000 INSULATION
$ 1,000 GARAGE DOOR
$ 6,000 DRYWALL
$ 5,000 FLOORING
$ 6,000 ELECTRICAL
$ 2,800 INTERIOR TRIM
$ 5,000 KITCHEN, CABINETS, COUNTERTOP
$ 3,700 PLUMBING
$ 5,000 HEATING & A/C
$ 2,500 PAINTING
$ 3,000 DOORS & WINDOWS
$ 1,000 LIGHT FIXTURES
$10,000 MISCELLANEOUS COST
$10,000 MISCELLANEOUS LABOR
$145,500 APPROXIMATE BUILDING COST

4

John
that is awsome info, thank you! have you had experience with this before?

trwilliams

5

hI trwilliams,

Yes I’m a general contractor in New Mexico. But each state has there market price on building houses just like buying and selling houses. So these prices may be a little different in your area. If I was to use that example above and build that same house for approximately $145,500 ($72.75 SQ. FT.) I could sell it for approximately $220,000-$240,000 ($110-120 SQ. FT.)

John