Construction cost of Custom home in Santa Lutz

[newbiz]

Custom home,,Pinging builders and architects on the board

After waiting for 5 years for the housing market to correct, I came to the realization that it is going to be another 5years or may be never in the areas I am interested.

I am looking at getting a custom home built. There are couple 1 acre lots in the Santa Lutz in RB listed for around 350K, When I called around couple of builders said they could build in this area for about 150$ a sft in Santa Lutz.

if that is the case, for a 5000 sft home, 750 for building 350 for lot and another 100 for landscaping/pool or other incidentals adds up to 1.2 MIL

In my opinion, that is as good as it is going to get for a while there, In the real world, i would not be surprised to see homes in that neighbourhood sell for under a mil, but this is not the real worls, it a kick the can further down world.

Now the real question is, is 150 a sft for a home in line with the santa lutz HOA specs/requirements realistic?

I have heard crazy numbers like 400$ a sft before and I got the number 150$ a sft from 3 different sources today.

Is 150$ a sft possible or are these people smoking pot and offering me to get high too?

I can front the cash, so financing is not an issue. and wont mind a little bit of budget over runs. say 5 to 10%

Highly appreciate your insight in advance

[permabear]

I just went through this exercise in the Santaluz area and decided not to build. I spoke with several architects, and all of them told me $200-250 was more realistic.

Those contractors are likely lowballing you to get the job. I spoke with one who said $150, and then we went through the type of house, and finishes, etc, and it became $180… 200… 230…

What is your total budget? If you’re talking $1-1.2M, my conclusion was you can’t build a nice home for that, especially in that area. If you then go up a bit in price, I think 1.5M is definitely doable, but then there are also occasional deals like this too in that price range:

http://www.redfin.com/CA/San-Diego/7828-Santaluz-Inlt-92127/home/7447454

I ran a whole excel spreadsheet and figured the house would have to be about 3000 sq ft and the land < 300k, and then you could hit $1-1.2M realistically. But remember there's that extra $1000 each month you have to pay too. For me it was just on the edge - a 10% overrun would have be death. Your budget may be different.

[permabear]

I just went through this exercise in the Santaluz area and decided not to build. I spoke with several architects, and all of them told me $200-250 was more realistic.

Those contractors are likely lowballing you to get the job. I spoke with one who said $150, and then we went through the type of house, and finishes, etc, and it became $180… 200… 230…

What is your total budget? If you’re talking $1-1.2M, my conclusion was you can’t build a nice home for that, especially in that area. If you then go up a bit in price, I think 1.5M is definitely doable, but then there are also occasional deals like this too in that price range:

http://www.redfin.com/CA/San-Diego/7828-Santaluz-Inlt-92127/home/7447454

I ran a whole excel spreadsheet and figured the house would have to be about 3000 sq ft and the land < 300k, and then you could hit $1-1.2M realistically. But remember there's that extra $1000 each month you have to pay too. For me it was just on the edge - a 10% overrun would have be death. Your budget may be different.

[permabear]

I just went through this exercise in the Santaluz area and decided not to build. I spoke with several architects, and all of them told me $200-250 was more realistic.

Those contractors are likely lowballing you to get the job. I spoke with one who said $150, and then we went through the type of house, and finishes, etc, and it became $180… 200… 230…

What is your total budget? If you’re talking $1-1.2M, my conclusion was you can’t build a nice home for that, especially in that area. If you then go up a bit in price, I think 1.5M is definitely doable, but then there are also occasional deals like this too in that price range:

http://www.redfin.com/CA/San-Diego/7828-Santaluz-Inlt-92127/home/7447454

I ran a whole excel spreadsheet and figured the house would have to be about 3000 sq ft and the land < 300k, and then you could hit $1-1.2M realistically. But remember there's that extra $1000 each month you have to pay too. For me it was just on the edge - a 10% overrun would have be death. Your budget may be different.

[permabear]

I just went through this exercise in the Santaluz area and decided not to build. I spoke with several architects, and all of them told me $200-250 was more realistic.

Those contractors are likely lowballing you to get the job. I spoke with one who said $150, and then we went through the type of house, and finishes, etc, and it became $180… 200… 230…

What is your total budget? If you’re talking $1-1.2M, my conclusion was you can’t build a nice home for that, especially in that area. If you then go up a bit in price, I think 1.5M is definitely doable, but then there are also occasional deals like this too in that price range:

http://www.redfin.com/CA/San-Diego/7828-Santaluz-Inlt-92127/home/7447454

I ran a whole excel spreadsheet and figured the house would have to be about 3000 sq ft and the land < 300k, and then you could hit $1-1.2M realistically. But remember there's that extra $1000 each month you have to pay too. For me it was just on the edge - a 10% overrun would have be death. Your budget may be different.

[permabear]

I just went through this exercise in the Santaluz area and decided not to build. I spoke with several architects, and all of them told me $200-250 was more realistic.

Those contractors are likely lowballing you to get the job. I spoke with one who said $150, and then we went through the type of house, and finishes, etc, and it became $180… 200… 230…

What is your total budget? If you’re talking $1-1.2M, my conclusion was you can’t build a nice home for that, especially in that area. If you then go up a bit in price, I think 1.5M is definitely doable, but then there are also occasional deals like this too in that price range:

http://www.redfin.com/CA/San-Diego/7828-Santaluz-Inlt-92127/home/7447454

I ran a whole excel spreadsheet and figured the house would have to be about 3000 sq ft and the land < 300k, and then you could hit $1-1.2M realistically. But remember there's that extra $1000 each month you have to pay too. For me it was just on the edge - a 10% overrun would have be death. Your budget may be different.

[sdcellar]

As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.

So, the first thing I’d ask your contractors is if they understand simply framing the place will require twice the “typical” amount of wood.

There are, of course, higher end finishes required on pretty much everything thing else starting with windows and doors and then working inward, so the costs just continue to add up, but really, just start with the 18-inch walls and see if the story changes.

[sdcellar]

As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.

So, the first thing I’d ask your contractors is if they understand simply framing the place will require twice the “typical” amount of wood.

There are, of course, higher end finishes required on pretty much everything thing else starting with windows and doors and then working inward, so the costs just continue to add up, but really, just start with the 18-inch walls and see if the story changes.

[sdcellar]

As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.

So, the first thing I’d ask your contractors is if they understand simply framing the place will require twice the “typical” amount of wood.

There are, of course, higher end finishes required on pretty much everything thing else starting with windows and doors and then working inward, so the costs just continue to add up, but really, just start with the 18-inch walls and see if the story changes.

[sdcellar]

As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.

So, the first thing I’d ask your contractors is if they understand simply framing the place will require twice the “typical” amount of wood.

There are, of course, higher end finishes required on pretty much everything thing else starting with windows and doors and then working inward, so the costs just continue to add up, but really, just start with the 18-inch walls and see if the story changes.

[sdcellar]

As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.

So, the first thing I’d ask your contractors is if they understand simply framing the place will require twice the “typical” amount of wood.

There are, of course, higher end finishes required on pretty much everything thing else starting with windows and doors and then working inward, so the costs just continue to add up, but really, just start with the 18-inch walls and see if the story changes.

[permabear]

[quote=sdcellar]As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.[/quote]

Yeah, that’s a biggie. They’re strict with their authentic Spanish hacienda rules. Also, they will hold your plans from 6 months – 2 years before letting you build, to vett them.

You may want to stop by the Baywood Collection. They have paint-by-numbers custom homes that they’ll build on any Santaluz lot. It’s useful because they can give you a sense for budget. They lowered their prices so it’s about $1.3M for a 4000 sq ft home, so $325/ft.

http://www.dgdart.com/baywood/

[permabear]

[quote=sdcellar]As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.[/quote]

Yeah, that’s a biggie. They’re strict with their authentic Spanish hacienda rules. Also, they will hold your plans from 6 months – 2 years before letting you build, to vett them.

You may want to stop by the Baywood Collection. They have paint-by-numbers custom homes that they’ll build on any Santaluz lot. It’s useful because they can give you a sense for budget. They lowered their prices so it’s about $1.3M for a 4000 sq ft home, so $325/ft.

http://www.dgdart.com/baywood/

[permabear]

[quote=sdcellar]As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.[/quote]

Yeah, that’s a biggie. They’re strict with their authentic Spanish hacienda rules. Also, they will hold your plans from 6 months – 2 years before letting you build, to vett them.

You may want to stop by the Baywood Collection. They have paint-by-numbers custom homes that they’ll build on any Santaluz lot. It’s useful because they can give you a sense for budget. They lowered their prices so it’s about $1.3M for a 4000 sq ft home, so $325/ft.

http://www.dgdart.com/baywood/

[permabear]

[quote=sdcellar]As I understand it, you have to build like an 18-inch thick wall to conform to their architectural guidelines. This means that each wall has to actually be two walls; i.e. it comes down to building a house within a house.[/quote]

Yeah, that’s a biggie. They’re strict with their authentic Spanish hacienda rules. Also, they will hold your plans from 6 months – 2 years before letting you build, to vett them.

You may want to stop by the Baywood Collection. They have paint-by-numbers custom homes that they’ll build on any Santaluz lot. It’s useful because they can give you a sense for budget. They lowered their prices so it’s about $1.3M for a 4000 sq ft home, so $325/ft.

http://www.dgdart.com/baywood/

[Author]

Posts