Cost to build 3,000 square foot single story home on my land

[Citydude]

Did you do a comparable real estate sampling for your area?

 

[zionview]

We built 5 years ago at a cost of $111.65/sq.ft. for a ranch style(includes 2 car garage and mudroom, 1600 sq.ft. finished). $175 seems pretty high to me. Is there much competition for builders in your area?

 

[LD1]

Flip side is that when we built concrete was in short supply and we paid about $100 a cubic yard. :shocked:

Thats the current price in my area and has been for about the last 8 years.

Just depending on mix and options. Price (including delivery) range anywhere from $95-$110/yd. Thats the price it was in 2007 when I did my garage, 2010 when a buddy did a sidewalk/patio, 2012 when I did the rest of my garage, last year when doing dads garage, and this year when I was getting quotes for doing my new garage.

 

[roadhunter]

I agree those prices sound a tad high for a 3000sq ft home. But, there are so many factors.

Flooring. $1 per sq ft carpet or laminate? or $5/sq ft hardwood or ceramic with higher labor cost to install?

Insulation. Fiberglass? SIP? Spray foam?

Exterior. Brick, stone, stucco? or cheaper vinyl?

Plumbing fixtures can range from a few bucks, to several hundred bucks. Same with light fixtures.

Trim. You can trim a whole house for $500 for cheap simulated wood stuff. or go all out and spend several thousand.

Basement. Poured walls or block?

HVAC?

Just so many things that can effect the cost. I am no expert, but having known a few people that have had houses built in the last few years, I think $100-$150 /sq ft completed is accurate for a modest house. Nothing too fancy but not the cheapest stuff either. I would think you could build a rather nice 3000sq ft ranch for under 500k.

Exactly. All those things can make a huge difference in the cost to build. Not to mention things like windows and doors can have a huge impact on cost. Just the siding, flooring, cabinets/counters, roof, windows, and doors all have a wide range of costs from the cheapest to the most expensive and can change the sq ft costs drastically.

Another place to look for cost information is RSMeans.

 

[Industrial Toys]

Don't forget to put more lights around the outside then the inside! Seems to be the (stupid) trend around here lately!

 

[flusher]

My 1800 sq ft house cost about $70/sq ft in 2005. Double wide manufactured house on a permanent foundation with 24" crawl space. 3BR, 2 full baths, LR, DR, country kitchen, office, laundry room, big front porch.



Good luck

 

[davrow]

Just have to add, on that 'look up existing homes' thing... we shopped for our current house for over a year. And we compared to building on raw land.

What we found is that buying a house on land cost much less than buying land and putting up a house. Much less.

edit to add: We would not have done any of the house building, it would all have been contracted. We did end up buying a 'used' house w/3 car detached garage at about $85/sq ft. when the market on real estate tanked.

 

[fordmantpw]

For comparison sake, we just built our new home and moved in on Thanksgiving. We live in the country, about 30 miles from a city of about 35k. We are not in near the size (cost) area that you are.

Our home is 2500 sq ft on the main level.
About 1700 sq ft basement finished including finished kitchen.
2 car garage up, 2 car down
All brick
Tile/hardwood/carpet floors
Custom cabinets with quartz counter tops
240 sqare foot suspended concrete deck

Total cost was around $375k, which comes to $150/sq ft. just counting the main level in the calculation. I did not include well, electric, or 1/4 mile driveway in that cost. The cost of finishing the basement is relatively minor.

Those numbers could come down a lot or go up a lot based on materials, light fixtures, appliances, HVAC, etc. Just to get an idea, nearly 10% of our total cost was brick and brick laying. Another 9% was our geothermal heat pump with 5 zones.

 

[buckeyefarmer]

sounds way high to me

 

[KiotiKowboy]

I also vote WAY HIGH ...

We are starting a new home on our acreage - 5900 sq ft under roof, with 3500 of that under HVAC. It includes a finished basement, 4 car garage, 16ft wood-lined vaulted great room and front and rear covered decks. We have cut a few expenses but will have granite counters and total oak trim and doors throughout. Finished cost is estimated at just under $350K.