What are real construction costs per sft for SFR

[newbiz]

This question has been posted in the past and I have seen a good number of responses with lots of good info.

I have seen some of the experienced builders on the forum put numbers like 60 to 90$ per sft(with moderate quality) for a small builder and below 50$ per sft for the big builders, with a lot depending on current raw material and labor costs.

I would like to know if some one could throw some light on more specifics on construction costs.

For this hypothitical case, with a graded lot and permissions in place

What would be the construction cost of a highend property – 6000 sft, crown molding, lots of windows, wood floring, expensive carpet, Granite /marble everything, expensive fixtures…

What portion of the cost is for the structure
What portion of it is for exterior finishing
what portion of it would be for interiors, drywall

what will be cost for non kitchen appliances, like HVAC
Cost of elevator for 3 floors
cost of plumbing
Cost of general electrical
Cost of anything else I might have missed

[Diego Mamani]

Look at how much people insure their houses for. What I have in mind is replacement value, in case of, say, fire.

For your example, you are looking at the higher end of the $600K-$1MM range. Of course, if you go for the really fancy materials, flooring, etc., the sky is the limit.

[Diego Mamani]

Look at how much people insure their houses for. What I have in mind is replacement value, in case of, say, fire.

For your example, you are looking at the higher end of the $600K-$1MM range. Of course, if you go for the really fancy materials, flooring, etc., the sky is the limit.

[Diego Mamani]

Look at how much people insure their houses for. What I have in mind is replacement value, in case of, say, fire.

For your example, you are looking at the higher end of the $600K-$1MM range. Of course, if you go for the really fancy materials, flooring, etc., the sky is the limit.

[Diego Mamani]

Look at how much people insure their houses for. What I have in mind is replacement value, in case of, say, fire.

For your example, you are looking at the higher end of the $600K-$1MM range. Of course, if you go for the really fancy materials, flooring, etc., the sky is the limit.

[Diego Mamani]

Look at how much people insure their houses for. What I have in mind is replacement value, in case of, say, fire.

For your example, you are looking at the higher end of the $600K-$1MM range. Of course, if you go for the really fancy materials, flooring, etc., the sky is the limit.

[beanmaestro]

There’s definitely a huge dichotomy between the $50-90/sqft costs you cite and what actually gets charged for rebuilds. Apparently, after last year’s fires in Santa Barbara, rebuilding cost $300/sqft. And that was true even when folks were only insured to $200/sqft.

The mortgage broker we used (who claims to own several rental properties, and probably has good contacts in the industry) told us he paid about $300, so it doesn’t seem to just have been the chumps.

[beanmaestro]

There’s definitely a huge dichotomy between the $50-90/sqft costs you cite and what actually gets charged for rebuilds. Apparently, after last year’s fires in Santa Barbara, rebuilding cost $300/sqft. And that was true even when folks were only insured to $200/sqft.

The mortgage broker we used (who claims to own several rental properties, and probably has good contacts in the industry) told us he paid about $300, so it doesn’t seem to just have been the chumps.

[beanmaestro]

There’s definitely a huge dichotomy between the $50-90/sqft costs you cite and what actually gets charged for rebuilds. Apparently, after last year’s fires in Santa Barbara, rebuilding cost $300/sqft. And that was true even when folks were only insured to $200/sqft.

The mortgage broker we used (who claims to own several rental properties, and probably has good contacts in the industry) told us he paid about $300, so it doesn’t seem to just have been the chumps.

[beanmaestro]

There’s definitely a huge dichotomy between the $50-90/sqft costs you cite and what actually gets charged for rebuilds. Apparently, after last year’s fires in Santa Barbara, rebuilding cost $300/sqft. And that was true even when folks were only insured to $200/sqft.

The mortgage broker we used (who claims to own several rental properties, and probably has good contacts in the industry) told us he paid about $300, so it doesn’t seem to just have been the chumps.

[beanmaestro]

There’s definitely a huge dichotomy between the $50-90/sqft costs you cite and what actually gets charged for rebuilds. Apparently, after last year’s fires in Santa Barbara, rebuilding cost $300/sqft. And that was true even when folks were only insured to $200/sqft.

The mortgage broker we used (who claims to own several rental properties, and probably has good contacts in the industry) told us he paid about $300, so it doesn’t seem to just have been the chumps.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

[kicksavedave]

There is also a huge spread between what the raw costs are for the subs to perform the specific building task – foundation, framing, roofing, electrical, plumbing etc, and what a GC will charge you as your “building cost”. I’ve heard GC’s fees range from 10 to 30% of the cost, but there are different methods for them to charge you – flat rate, cost plus, etc.

Using low end finishings – Vinyl floor not hardwood, laminate counters not granite, etc, I had a brand new house build in Colorado for $60/sq foot total. $298K total with 3450 sq ft finished and 1600 sq ft unfinished basement, and that included the land which was assessed at around $15K. So, subtracting $15K for the land and the builders profit, it probably cost under $50/sq ft to build this house. And we had a lot of floor plan customizations which added $30K to our final price… The same model sold for $275K with the same dimensions later on. 4950 total sq ft divided by $275K = $55/sq ft.

So it is possible to build a house for well under $100/ sqft, but that won’t include land. That’s the rub here in Cali, there are no lots for $15K.

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