It should be mentioned that there is a HUGE variation in price of materials based on quality. You can purchase a window package that is $5,000 or you can easily spend $35k+. We've seen price ranges on cabinetry from $28k to $75k on the same exact house, just changing quality and manufacturer. I couldn't imagine being in a market where you can markup homes by 30%.
So you expect these builders to sell the hoses at cost? Just curious, where do they get money to build another home? Where do they get money to pay their people?
The cost of a semi-custom or custom home will vary wildly depending on land cost, materials used, finishes in the house, and maybe turn around time. You can estimate (or purchase) a lot. Find a semi custom home builder that has a model for you to view and request a quote. A lot of times with upgrades and building houses you have to just set the budget and build the house to that budget. Its a lot easier to say to the builder I want a house built like this quality with these finishes, but this wall moved, an extra garage, and adjust from there. The more specific you are the tighter the range of the estimates. At a minimum you should be able to know the cost of the land. Also, you can work with an architect. I think you need to ask the question the other way around. Instead of "how much money do I need to build this house". You should ask "how much house can I build with this much money. "
Great video, it also depends on the general contractors, few of them in my area bring out the pricing sheet even for a small screw but the company that built the home was very accommodating. 1669 sqft 2 storey slab 2 car garage, MBR in 1st floor and 4 bed rooms upstairs including a small deck balcony was 222,500 including 16,000 sqft lot.Location Indiana
I have a San Diego 1950s 3br, single story, built over a crawlspace about 1700sf with non-luxury finishes and appliances. It's basically just a big rectangle. The insurance company just reevaluated the cost to rebuild at $550k, just for the home itself.
You would think that if you Google how much does it cost to build a house videos like this would pop up 1 million times. And that's just not the case this was fantastic thank you.
I'm building my new house right now and I got so fortunate for lumber prices to drop down drastically right when I ordered my lumber package. Saved $20,000 ordering my lumber package when I did 😅
Only the Most High brought me here thats all I am going to say thank you for be of service Michael and Open Book Build Loving what am seeing on this channel so far
Here a tip if your planning on building a home instead of hiring a company to build it for you find people on the side to do each thing such as foundation block laying etc only go with a qualified company for serious items such as electric heres an example I have a family member who does stucco on the side for a normal sized home he charges around $6k+ with material compared to a company who'll charge well over $10k
Currently building in PA and I’ve got 20k in engineering, perc test, land surveying. 30k for eljen septic system, had to do extra wide footer bc of soil compaction requirements,(2k extra) builders generally spec cheap to medium everything so everything is generally a upgrade. Let’s say another 30-40k for our house. If your thinking about building I would recommend doing a deep garage we went with a 25ft deep three bay garage so we can pull our suburban and truck in without issue, I had a track home before this building and couldn’t fit a standard pickup in the garage
Where in PA are you building and have you compared your labor and material to what the Amish in Lancaster offer? I’ve been thinking on this for some time.
@@laricagrant9306 went to check out a builder that basically has all mennonites an Amish do the work and they were basically the same price but didn’t want to build a custom home they wanted us to pick from one of their spec designs which we didn’t like any of them
Just before the lumber price sky rocketed, I built my 3/2, 1600 squ./ft., home , When I am totally done I will have $65K. Now I did all the labor myself, spared no expense, but it really baffles me, the prices of homes in certain states, they get boxes that are not even made of real wood and stone. Great video, thanks for sharing. Central Texas area here, near Austin, and let me tell you, with everyone moving here, things are crazy and not in a good way, a lot of old folks can not pay the new and unlawful taxes on their homes and will likely lose them soon., hopefully the Amendment will pass to ban taxes on 65 and older.
I say the government have no rights to charge significant amount of property tax simply because the market went crazy. If a person bought the property 20 years ago, and his income didn't increase as much as the property price, he should not be taxed based on current market price. He has a right to maintain his lifestyle.
Oh, those poor old people with their huge gains! Boohoo, if they don't like it just sell up and move to Florida. Property taxes are great for keeping the housing market efficient and land properly allocated.
my work is architecture. yes there are builders that, gasp, make a percentage markup. construction, nor most every business, is not a charity business. under valuing professionals is pretty typical from people that think people don't understand what is involved with trades, scheduling, overhead, etc
I totally agree. I'm a builder and have made very good money building homes for other people. But much like a chef that shares recipes for people to use when cooking at home, the "owner builder class" is about giving people the option of "cooking their own meal." Building a home is much more complicated than cooking most meals, but it is something that people should have the option to tackle themselves if they so choose.
I've been building and rehabbing for 20 years. I've accounted for every dollar on every project and if you can get material/labor ratio to be 50/50, you've don't great. 40/60 material/labor is about the tipping point where you're paying more than you have to. You can't accomplish these ratios paying a middle man (GC). In this video, the ratio he prices is $132k material & total is $431k ($332k labor/material + 30% GC fee) which comes to 32/68 material/labor ratio....probably about right.
@@pavlov2085 i don't mean 'right' as in good. i mean 'right' as in accurate. he priced accurately...what the market prices at. the only way to get that priced lower is to eject the GC from the project.
In Vancouver Canada where I am from you would pay 300k to your architect and the city in fees/deposits before you even broke ground. Finished homes run around the $500 a square foot and up to build. One project I worked on the client spent over $4000 per foot to build it. Houses cost about $1200 a square foot to buy in the less desirable areas of the city and well over $3000 in the nicer areas. There is also so much red tape and regulations that houses (Especially the most expensive ones) often take 5-6 years to complete from submitting the drawings. Now we have a housing shortage because nobody wants to go through the nightmare that is building a house in my city.
contractors all quoting me between 550K to 650K to build a 1 1/2 story 1772 sqft house so I know the struggle.... Cheap houses don't exist in Canada anymore
We looked to building in MB, and lot costs were around $180k in the area we were wanting to build in. A good level of finish, custom bathrooms and cabinets, ICF basement, R-2000+ building standard or better (R-50 in ceilings, R-28 or better in walls, triple pane low E windows, heat recovery systems, etc etc) brought the price up around $350/ sq foot , minimum. Landscaping, 2nd garage, etc and now we are up around $1,000,000 to build a 2000 sq foot with basement on 2 acres. Bought a 3 year old house at 800K and we won't look back.
@@lunam7249 It is far from a dump. Why do you think the Chinese and everyone else wants to live here? I agree housing is overpriced but I guarantee it is one of the nicest cities in Canada if not the world.
I live in Bergen county New Jersey and I own a 1950 Cape Cod. Per my insurance company, to rebuild my house would cost around 310K. Of course, it can go higher than that. That said, the land which is 4900.50ft^2 in this area is around $320K so it's a good deal.
The lot of my home in Paramus is 440k and to rebuild the 1960s house was above 410k. I was considering it, but can’t find a contractor or crews for months, and materials are very expensive now
Arkansas. I'm having a 1,616 sq-ft house with a 21x21 2 car garage built now(2021), rear is 8 ft tall, front 2.5 feet, slab filled with orange/red dirt, turn key including painting and insulation, granite counters, oak cabinets.... everything included except flooring and appliances... $224,890
This was a very informative video, thanks. I got so lucky. I moved back to Indonesia right before the pandemic. I used my life savings and bought a lot. My wife and I got a loan from her aunt to build on it. We just moved in, all in it costs about 65,000 for a 3 bed 3 bath. About 1600 square foot. Made from hebel bricks and concrete and rebar. No wood. I wonder why they don't use hebel there in the U.S?
I am curious too, US house walls have so much material, insulation, moisture prevention and what not whereas similar european houses have far less things to add on a wall. Even though they are in similar climate (cold and such).
@@crackerjackB i think I sent you a photo of the house about halfway through the build. I couldn't find any photos on my phone of it after it is finished. I built it in Bandung indonesia. Well outside the city in the country side a bit.
I was pleasantly surprised you priced this for Cleveland, since that’s where I’m living. There’s a plot of land in a nice suburb that costs almost 200k for just the land! It’s only about 9k sq ft of land. It’s pretty discouraging.
Any resources you can share would be much appreciated for me to consider buying in the greater Bay Area in California existing homes vs buying land and building including installing a lap swimming pool and spa facilities (sauna and jacuzzi). Looking at minimum 4 bed room and 3 baths with a separate guest cottage (min 900 sq ft).
🙏❤️🔥. We are just starting out as owner/builders....so I happened to come across this video. So neat that you have a course....will have to check it out!!!
Hello, I’m planning on build in Florida I would like to see videos about the difference between wood frames and blocks. Thanks I find your videos very helpful
I'm working on my third home this year (General Contractor / Builder in Texas) where the Homeowners were the acting General Contractors on their new custom home construction project. In every case no matter how many UA-cam videos they watched or books they read it did not work out well for them in the end. In two of the three cases the homeowners are out of money and their homes are not completed and what is completed was not according to plans they purchased. My advise to people who are thinking of acting as their own General Contractor is to figure out how much money they can afford to lose if things go bad and still have enough money to hire help and complete the project. If you can't afford to lose much or any money hire an expert who does this everyday for a living, hire a General Contractor / Builder, it's well worth what they charge.
Owner builders definitely need to learn everything they can before starting a new home. It’s not an easy process. On the other hand, I can give you a handful of people that actually did hire general contractors to build their new home and they were totally unhappy with the experience. Unhappy because of a blown schedule, over budget, poor quality…you name it. The moral of the story is…do your do diligence whichever way you decide to go.
@@OpenBookBuild We hired a general contractor for a reno, promised it would be done in 6-9 months and costs would be around $235k. We still not finished over 16 months later, and have sunk over $400k. They always say blame it on Covid, but didn't he know that last year?
I'm working with a general contractor in TX however their business model allows me to choose my own subcotractors if I want to so I have control over Quality and pricing transparency with no mark ups. They charge a set fee per sqft ...They will oversee the first half of the home construction up until sheet rock then u will manage the rest. However their build cost estimate seems high ..since lumber prices are falling I'm wonder how accurate this estimate is on the bright side I'm glad I'm getting a worst case scenario ...
aluminum is definitely more durable than stick but it doesn’t really matter. since lumber prices have dropped significantly and metal is generally more expensive, I would go with stick. You can frame the basement with metal but it doesn’t really make sense to do a full house in metal if you are on a budget.
Hello, I'm an architectural designer. I've think it's time for me to sign up to your program but could you answer a question for me? I'm working on a custom large addition to a home in the Pittsburgh PA area. The exterior of this home will have CertainTeed Belmont shingles, Fast Plank Aluminum siding on top and thin brick on the first floor and stone base for the front façade only. There's a portico with a copper roof as well with fiberglass columns on a stone low wall. The owners want their driveway done as well. I asked a contractor to price out this project (originally with Ludowici tile to match the existing high barrel tile roof and stone base on two sides). That price came to around $675,000.00. The addition is a 58ft x 18ft. Great Room with a new bedroom suite on part of the 2nd floor level, enclosure of a 15ft sq patio, addition of a 2nd floor bathroom above an office, and some work on the outside. Am I missing something? Should that build be $675,000? The owner has a neighbor who build his entire house for around $350,000 2 years ago. We've made changes to the exterior materials to bring the cost down some, but I don't know if I can do enough to cut that price in half. The new built homes in a neighboring town are selling for $700K or more at around 2400 sf. Even a Ryan Homes build is selling as new construction for $434k that is 2100 sq ft.
To build a house in California and owner build excluding cost for the land or demo existing its approximately $200 per SQFT so this house would cost $511,000 to build. The cost would increase in San Francisco or San Jose.
Where does permits come in and do you have a CA estimate? My contractor said his cost now 225 $ per sq ft but I always get confused as to what that doesn't include.
@@curtissharris8914 It would be part of the build out cost. If you are the owner builder you would have each trade provide proposal and you could pull the permits yourself, or they will charge you. It would take some learning.
No where close to the costs in California. I'm a contractor our average direct costs are around 150-200 per sqft. Just built a 3000 sqft house..just the lumber alone was $105,000
Sir We are looking at one house here in Northern California. House is very old but location is great. Does it cost us the same if we demolish the house and build new on same sqft using. If we build Custom home..
Anil, you will need to pay to tear down and haul away the old house. Then prep the building pad for the new one. Custom home prices are much different than the house shown here. Typically custom will have much higher prices.
@openbokbuild where can I get an estimate to build this house in my local? This video was done 2 years ago form 2/10/2024 when I am looking at it. Thank you
I built 4 spec homes in AZ between 2016-2017....The average cost to build was around $78 a sq ft...minus the land and permits....I subcontracted everything out except the plumbing, painting and landscaping..
hey again. at 5:09 you are standing in front of a basement.... 1.. is that the basement for the kincaid plan? 2..trying to orient myself. so the garage would be to the right? 3.. looks like a walkout basement, right?
That house looks very interesting. There is wood everywhere. I was recently looking at houses that were in different stages of construction nearby. And i didn't really see any wood at all. The inner walls were all made out of big blocks which i think are limestone. But all of the outer walls were made out of bricks. So seeing planks on the outside is really confusing to me. You would only see planks on a shed here. Also the window frames and doors are made out of more durable material than wood these days. So they don't really equire maintenance anymore. I just looked out the price of building an average home here. And google said that it was between 200K-700K Euros.
It sounds like you are in Europe. A significant difference with house construction in the US is that homes are usually (~90% of the time) built with wood frames. You can use Google if you want to understand the why behind this.
One thing that definitely needs to be passed on to all home builders is to keep up with their nails and refrain from dropping them all over the roads and streets! Nails need to be tucked and stored away in safe storage compartments. Commuters shouldn’t have to purchase new tires or sets of tires simply because home builders, other builders, and construction workers are dropping nails all over the place!
My husband and I will be inheriting a house in northern VA soon and want to rebuild. We currently have a condo and it’s hard to gauge how much the cost of build is with existing property. The neighbors of the house just recently sold it for $600k and the new build is listed for $2mil. 😳 wondering if we can even afford to rebuild to match with the new coming neighborhood style
We are also in nova and to build if you’re inside the beltway or even in McLean area you’re looking at about 750. If u get out to Reston, sterling or fair fax you can prob get away with about 500 to 600 for around 3000 to 4000 sq ft I would guesstimate
Yes you can. If the neighbor houses are selling for 2 mil any bank will give you the construction loan. Depending on the area in VA I’ve seen 4 houses built on an 1.5 acres. First talk to an architect and see what you can do on the lot.
I like the floor plan shown, but agree the living room is wasted space unless converted to something functionable . And my biggest complaint of new housing is the bedroom closets are still way too small except for the MB. All bedrooms should have walk in closets even if you have to reduce from 4 bdroms down to 3.. And outdoor patios are worthless without a cover for shade,etc
@@weareorigin it's not really greed it's providing what most people are looking for. Demand increases price if it lowered the demand the price would go lower
@@Vahgana because most closest spaces are to small for me i a have good amount of clothes and im also a heavy sneakerhead. I need the extra closest space make room look less messy for me. Everyones different.
general contractor here. if someone quotes you $300k to build that entire house, run from them, because once they start, the "unexpected" expenses will bring the total cost to about $700k. he quoted the lowest quality materials, perfect weather, and ZERO overhead, just as an example, the foundation alone will be about $80k and not $45k unless you do the excavation yourself and there's no old structure on the property that needs demolishing. another example, what happens when your roofers can't work because it rains for a week and now you have the entire wooden structure soaked? the prices he's showing are a fairy tale
I was hoping you’d have price adjustments for some of the more expensive markets, like LA, Miami, SF, NY and Hawaii. Are you able to give an idea of what you think the price adjustment would be for Hawaii? We generally assume around $250-350/sq ft to build starter homes, and $600-1,000/sq ft to build luxury homes, so I would expect this home to come in somewhere around the $300 mark (also have to factor materials are marked up here, probably around 10-30%, since they need to be shipped here.
Yup, this is right. and if you diy, $150/sq ft which gets you a few reasonable upgrades here and there on a slab only...no basement, infrastructure improvements, permit fees, etc.
We are ready to either stick build or A cape Modular in the Celina, Tn 38551 area and cant find either there. Any sugestion on a Modular company that will erect one in that area
how much if you just get guys from the home depot lot to help with heavy lifting once in a while? how much to just get it to the point where you can live in it and finish it later?
Hello and thank you. My question is; what computer drafting software to use for myself to design and drat a home? Keep in mind I did down load one last year ( yes a free one) and it took my computer for a ride. I am braver now or smarter now that I am asking for help. Thank you in advance. Phil
You might have mentioned the Menard price you gave included their mail in 11% discounts. Or around $17 grand discounts. Menards is mainly a midwest store also. Plus you'd have to mail in coupons for each and every qualifying item, and wait months on discounts.
Hello. We used Menards pricing to show people real cost numbers that are actually published. And for those that don't have a Menards near them, the closest building supply company will have competitive pricing.
@@OpenBookBuild Menards is my favorite big box hardware center. But my main point was there is a difference between the actual price, and the Menard 11% mail in discount price of around $17,000. Just wanted viewers to realize that.
@@damham5689 at approximately the 4:06 mark, @Armchair Builder shows exactly that the Menards price is $142,035.61, down from $159.590.57; due to the 11% Menard's discount. The clever background page that he used was very helpful in supporting his claim.
Unfortunately the Menards 11% discount is also in the form of a store credit. It is not real money. How do you spend the $17,000? At the same store you just spent a fortune.
How much does it add to the cost if you live somewhere with clay soil? I have never even seen a house with a basement in my area, so I assume there's some difficult adjustments to keep it from breaking when the ground shifts.
I live in Southern Ontario Canada. We have heavy clay soil. Every house has a basement here, it's standard. Basements are usually built in colder climates, because the foundations need to be six feet below ground to avoid shifting (freezing/thawing). If you live in an area where the ground does not freeze or thaw a lot, you won't see basements as being standard.
You have a lot of Californian viewers because our labor costs and material costs so high. I moved from Iowa to California. I can tell you.I am sure, your estimate is correct and reasonable in Midwest.
How does the adjustment work? It's just add or subtract a few thousand dollars? How is it not a multiplier? I would expect labor to be eg $20/hr in one place and $30/hr in California or something. That's not just adding a few k; it's multiplying the labor cost by 1.5x
Built three houses in AZ. First one was 1564 Ft. Ten foot ceilings with 8 foot doors. Nice ceramic plank style flooring and quartz countertops...Midgrade cabinets. Moen fixtures throughout..$116.000.00 material cost...$38.000.00 labor cost.$49.000.00 land cost. $203.000.00 Total. Sold for $289.000.00 after 6 months of construction in 2020.
The carpentry trade has been grossly underpaid for a long time, those of you thinking that contractors are just price gouging need to realize that the carpenters wages are just catching up with what other trades have been years ago. For a healthy economy we need to take care of our tradesmen. Please secondguess before complaining to contractors about cost
In California that exact house plan is selling for $2.2 million. Nice to know it costs just over $300K to build. Thank you for this.
It’s the dirt that’s so high in California. I would say move and all the BS inspection California has
Hahaha not is a big joke 300k is not even for materials today 🤣
Prices fluctuate but building a 3$ million home in Arizona will be like building a 25$ million dollar home in California
You kinda also need the land….
You mean los angeles because in Bakersfield this cost 550k
It should be mentioned that there is a HUGE variation in price of materials based on quality. You can purchase a window package that is $5,000 or you can easily spend $35k+. We've seen price ranges on cabinetry from $28k to $75k on the same exact house, just changing quality and manufacturer. I couldn't imagine being in a market where you can markup homes by 30%.
That's what I'm wondering. Garbage in, garbage out.
Unwarranted huge markups using the pandemic ‘supply chain shortage’ as excuse.
So you expect these builders to sell the hoses at cost? Just curious, where do they get money to build another home? Where do they get money to pay their people?
@searthngeam 30% after all the workers, materials, and fees are paid is bogus.
@@gunfu4481 if you don’t mark up, Then all you did was break even. Where do you get money to build another home?
The cost of a semi-custom or custom home will vary wildly depending on land cost, materials used, finishes in the house, and maybe turn around time. You can estimate (or purchase) a lot. Find a semi custom home builder that has a model for you to view and request a quote. A lot of times with upgrades and building houses you have to just set the budget and build the house to that budget. Its a lot easier to say to the builder I want a house built like this quality with these finishes, but this wall moved, an extra garage, and adjust from there. The more specific you are the tighter the range of the estimates. At a minimum you should be able to know the cost of the land. Also, you can work with an architect. I think you need to ask the question the other way around. Instead of "how much money do I need to build this house". You should ask "how much house can I build with this much money. "
R CC
Great video, it also depends on the general contractors, few of them in my area bring out the pricing sheet even for a small screw but the company that built the home was very accommodating. 1669 sqft 2 storey slab 2 car garage, MBR in 1st floor and 4 bed rooms upstairs including a small deck balcony was 222,500 including 16,000 sqft lot.Location Indiana
Would you mind sharing your builder please? I live in Louisville
Sree, Please share city/location in Indiana. Thanks in advance.
No way they can build it under $250k now
That's a great cost for a 1700 sq ft home, happy for you
I have a San Diego 1950s 3br, single story, built over a crawlspace about 1700sf with non-luxury finishes and appliances. It's basically just a big rectangle. The insurance company just reevaluated the cost to rebuild at $550k, just for the home itself.
You would think that if you Google how much does it cost to build a house videos like this would pop up 1 million times. And that's just not the case this was fantastic thank you.
I'm building my new house right now and I got so fortunate for lumber prices to drop down drastically right when I ordered my lumber package. Saved $20,000 ordering my lumber package when I did 😅
Only the Most High brought me here thats all I am going to say thank you for be of service Michael and Open Book Build
Loving what am seeing on this channel so far
Here a tip if your planning on building a home instead of hiring a company to build it for you find people on the side to do each thing such as foundation block laying etc only go with a qualified company for serious items such as electric heres an example I have a family member who does stucco on the side for a normal sized home he charges around $6k+ with material compared to a company who'll charge well over $10k
@The Big Fat Bastard im not into construction this is based on family member telling me prices who work in those jobs first hand
Thank you so much for this I finally found a video that truly breaks it down
Amazing video, very well planned out. Love how thorough this video is.
Agreed...well done. A proper final rule of thumb would be X2 for labor plus land.
Currently building in PA and I’ve got 20k in engineering, perc test, land surveying.
30k for eljen septic system, had to do extra wide footer bc of soil compaction requirements,(2k extra) builders generally spec cheap to medium everything so everything is generally a upgrade. Let’s say another 30-40k for our house.
If your thinking about building I would recommend doing a deep garage we went with a 25ft deep three bay garage so we can pull our suburban and truck in without issue, I had a track home before this building and couldn’t fit a standard pickup in the garage
Where in PA are you building and have you compared your labor and material to what the Amish in Lancaster offer? I’ve been thinking on this for some time.
Agreed that at least a 24’ garage to fit a full size truck or suv
I live in pa what area are u building I'm thinking of doing same
@@tyregalaxy28 I live in the Lehigh valley. Bout a hour north of Philly
@@laricagrant9306 went to check out a builder that basically has all mennonites an Amish do the work and they were basically the same price but didn’t want to build a custom home they wanted us to pick from one of their spec designs which we didn’t like any of them
Just before the lumber price sky rocketed, I built my 3/2, 1600 squ./ft., home , When I am totally done I will have $65K. Now I did all the labor myself, spared no expense, but it really baffles me, the prices of homes in certain states, they get boxes that are not even made of real wood and stone. Great video, thanks for sharing. Central Texas area here, near Austin, and let me tell you, with everyone moving here, things are crazy and not in a good way, a lot of old folks can not pay the new and unlawful taxes on their homes and will likely lose them soon., hopefully the Amendment will pass to ban taxes on 65 and older.
I say the government have no rights to charge significant amount of property tax simply because the market went crazy. If a person bought the property 20 years ago, and his income didn't increase as much as the property price, he should not be taxed based on current market price. He has a right to maintain his lifestyle.
Oh, those poor old people with their huge gains! Boohoo, if they don't like it just sell up and move to Florida. Property taxes are great for keeping the housing market efficient and land properly allocated.
@@sickre where do you live that you love paying property tax
@@tjlift22 Probably in a state that has no property tax for senior citizens.
@@JoeR203 me be
Good morning. I’ll like to know if I can build a home base on concrete blocksin Houston Texas. Concrete blocks are cheap now
my work is architecture. yes there are builders that, gasp, make a percentage markup. construction, nor most every business, is not a charity business. under valuing professionals is pretty typical from people that think people don't understand what is involved with trades, scheduling, overhead, etc
I totally agree. I'm a builder and have made very good money building homes for other people. But much like a chef that shares recipes for people to use when cooking at home, the "owner builder class" is about giving people the option of "cooking their own meal." Building a home is much more complicated than cooking most meals, but it is something that people should have the option to tackle themselves if they so choose.
Which city are you in?
I've been building and rehabbing for 20 years. I've accounted for every dollar on every project and if you can get material/labor ratio to be 50/50, you've don't great. 40/60 material/labor is about the tipping point where you're paying more than you have to. You can't accomplish these ratios paying a middle man (GC). In this video, the ratio he prices is $132k material & total is $431k ($332k labor/material + 30% GC fee) which comes to 32/68 material/labor ratio....probably about right.
What do you mean about right, if anything over 40/60 is too high?
@@pavlov2085 i don't mean 'right' as in good. i mean 'right' as in accurate. he priced accurately...what the market prices at. the only way to get that priced lower is to eject the GC from the project.
In Vancouver Canada where I am from you would pay 300k to your architect and the city in fees/deposits before you even broke ground. Finished homes run around the $500 a square foot and up to build. One project I worked on the client spent over $4000 per foot to build it. Houses cost about $1200 a square foot to buy in the less desirable areas of the city and well over $3000 in the nicer areas. There is also so much red tape and regulations that houses (Especially the most expensive ones) often take 5-6 years to complete from submitting the drawings. Now we have a housing shortage because nobody wants to go through the nightmare that is building a house in my city.
contractors all quoting me between 550K to 650K to build a 1 1/2 story 1772 sqft house so I know the struggle.... Cheap houses don't exist in Canada anymore
I have alot of family in Van. that place is nuts. my dad also grew up there and hated it
We looked to building in MB, and lot costs were around $180k in the area we were wanting to build in. A good level of finish, custom bathrooms and cabinets, ICF basement, R-2000+ building standard or better (R-50 in ceilings, R-28 or better in walls, triple pane low E windows, heat recovery systems, etc etc) brought the price up around $350/ sq foot , minimum. Landscaping, 2nd garage, etc and now we are up around $1,000,000 to build a 2000 sq foot with basement on 2 acres. Bought a 3 year old house at 800K and we won't look back.
Van. Canada is an expensive dump!! Young Chinese superich made expensive all things
@@lunam7249 It is far from a dump. Why do you think the Chinese and everyone else wants to live here? I agree housing is overpriced but I guarantee it is one of the nicest cities in Canada if not the world.
This is SOO helpful. Give me all the confidence that I need to pull this off.
Details ?
Did you pull it off?
Did you pull it off?
Hey! Great video. Maybe I missed it, but did you factor in the concrete cost for the driveway, garage, sidewalk, and exterior steps?
What an absolutely beautiful home. Genuinely considering this plan
same just without the basement
I don’t like hardy plank siding. I would prefer brick all around.
I live in Bergen county New Jersey and I own a 1950 Cape Cod. Per my insurance company, to rebuild my house would cost around 310K.
Of course, it can go higher than that. That said, the land which is 4900.50ft^2 in this area is around $320K so it's a good deal.
Builders in Bergen county would laugh at this video
The lot of my home in Paramus is 440k and to rebuild the 1960s house was above 410k. I was considering it, but can’t find a contractor or crews for months, and materials are very expensive now
@@mikeg7750 I agree. the insurance company increased my premium because of inflation. It's unbelievable.
Arkansas. I'm having a 1,616 sq-ft house with a 21x21 2 car garage built now(2021), rear is 8 ft tall, front 2.5 feet, slab filled with orange/red dirt, turn key including painting and insulation, granite counters, oak cabinets.... everything included except flooring and appliances... $224,890
wow that’s actually kind of affordable
thats like three times cheaper than what real state will sell it to you
That sounds great! Especially with material costs going through the roof
this seems to be a little high for a 1600 sq-ft. home in arkansas though. I'm sure it is beautiful.
@@yakzivz1104 yes, 2 CG as well.. Lots of foundation work also.. fill dirt..
This was a very informative video, thanks. I got so lucky. I moved back to Indonesia right before the pandemic. I used my life savings and bought a lot. My wife and I got a loan from her aunt to build on it. We just moved in, all in it costs about 65,000 for a 3 bed 3 bath. About 1600 square foot. Made from hebel bricks and concrete and rebar. No wood. I wonder why they don't use hebel there in the U.S?
I am curious too, US house walls have so much material, insulation, moisture prevention and what not whereas similar european houses have far less things to add on a wall. Even though they are in similar climate (cold and such).
Following
Can we see a picture of your house? Hope your Bali
@@crackerjackB i think I sent you a photo of the house about halfway through the build. I couldn't find any photos on my phone of it after it is finished. I built it in Bandung indonesia. Well outside the city in the country side a bit.
We don't use hebel because we have never heard of it. I have no idea what it even is.
I was pleasantly surprised you priced this for Cleveland, since that’s where I’m living. There’s a plot of land in a nice suburb that costs almost 200k for just the land! It’s only about 9k sq ft of land. It’s pretty discouraging.
Love your video. Do you have any video talks about financing such project for a typical builder and family?
Any resources you can share would be much appreciated for me to consider buying in the greater Bay Area in California existing homes vs buying land and building including installing a lap swimming pool and spa facilities (sauna and jacuzzi). Looking at minimum 4 bed room and 3 baths with a separate guest cottage (min 900 sq ft).
Trying to build around Trumbull county Ohio! Thanks man! Great video
Menards isn’t available. Can you tell me another house kit you would recommend?
🙏❤️🔥. We are just starting out as owner/builders....so I happened to come across this video. So neat that you have a course....will have to check it out!!!
ua-cam.com/video/CzxtEBOMCEw/v-deo.html
Hello, I’m planning on build in Florida I would like to see videos about the difference between wood frames and blocks.
Thanks I find your videos very helpful
You wanna build a house on a swamp? Why?
@@AndrewScott1762 21 million other reasons and people to ask that
I'm working on my third home this year (General Contractor / Builder in Texas) where the Homeowners were the acting General Contractors on their new custom home construction project. In every case no matter how many UA-cam videos they watched or books they read it did not work out well for them in the end. In two of the three cases the homeowners are out of money and their homes are not completed and what is completed was not according to plans they purchased. My advise to people who are thinking of acting as their own General Contractor is to figure out how much money they can afford to lose if things go bad and still have enough money to hire help and complete the project. If you can't afford to lose much or any money hire an expert who does this everyday for a living, hire a General Contractor / Builder, it's well worth what they charge.
Owner builders definitely need to learn everything they can before starting a new home. It’s not an easy process. On the other hand, I can give you a handful of people that actually did hire general contractors to build their new home and they were totally unhappy with the experience. Unhappy because of a blown schedule, over budget, poor quality…you name it. The moral of the story is…do your do diligence whichever way you decide to go.
@@OpenBookBuild We hired a general contractor for a reno, promised it would be done in 6-9 months and costs would be around $235k. We still not finished over 16 months later, and have sunk over $400k. They always say blame it on Covid, but didn't he know that last year?
I'm working with a general contractor in TX however their business model allows me to choose my own subcotractors if I want to so I have control over Quality and pricing transparency with no mark ups. They charge a set fee per sqft ...They will oversee the first half of the home construction up until sheet rock then u will manage the rest. However their build cost estimate seems high ..since lumber prices are falling I'm wonder how accurate this estimate is on the bright side I'm glad I'm getting a worst case scenario ...
@@gmagam I’m looking to do the same in Texas. Can we link up pls? 🙏🏻
Great advise!
If you wanted to go aluminum instead of wood, how much more would it cost? Is it worth it?
aluminum is definitely more durable than stick but it doesn’t really matter. since lumber prices have dropped significantly and metal is generally more expensive, I would go with stick. You can frame the basement with metal but it doesn’t really make sense to do a full house in metal if you are on a budget.
Brilliant. This channel should get million subscribers soon.
Can you talk about the cost to build a 3 story duplex near new york?
How does the cost adjustments work? I thought it would be multiplied by if + and divided by if -
Wow. Native California here. I am blown away...
Hello, I'm an architectural designer. I've think it's time for me to sign up to your program but could you answer a question for me?
I'm working on a custom large addition to a home in the Pittsburgh PA area. The exterior of this home will have CertainTeed Belmont shingles, Fast Plank Aluminum siding on top and thin brick on the first floor and stone base for the front façade only. There's a portico with a copper roof as well with fiberglass columns on a stone low wall. The owners want their driveway done as well.
I asked a contractor to price out this project (originally with Ludowici tile to match the existing high barrel tile roof and stone base on two sides). That price came to around $675,000.00. The addition is a 58ft x 18ft. Great Room with a new bedroom suite on part of the 2nd floor level, enclosure of a 15ft sq patio, addition of a 2nd floor bathroom above an office, and some work on the outside. Am I missing something? Should that build be $675,000?
The owner has a neighbor who build his entire house for around $350,000 2 years ago. We've made changes to the exterior materials to bring the cost down some, but I don't know if I can do enough to cut that price in half. The new built homes in a neighboring town are selling for $700K or more at around 2400 sf. Even a Ryan Homes build is selling as new construction for $434k that is 2100 sq ft.
Good morning! Is it possible to have you and your crew build a few of these houses in the Bahamas?
What about the little white fence that goes around the house?
This Looks very nice,Good job,well done. Thanks for sharing the details with us.
Thanks for sharing information..watching from Florida.. I am going to build a dream home in the near future
Looking to build new home budget $238,000 to 250,000 indpls
3br 2bath ranch with 3car garage with lot...any recommendations thank you
To build a house in California and owner build excluding cost for the land or demo existing its approximately $200 per SQFT so this house would cost $511,000 to build. The cost would increase in San Francisco or San Jose.
Where does permits come in and do you have a CA estimate? My contractor said his cost now 225 $ per sq ft but I always get confused as to what that doesn't include.
@@curtissharris8914 Do you mean using a GC to manage entire build out?
@@adkid683 no I mean where is permit costs, site costs, design costs in the estimate?
@@curtissharris8914 It would be part of the build out cost. If you are the owner builder you would have each trade provide proposal and you could pull the permits yourself, or they will charge you. It would take some learning.
@@adkid683 right so when you say cost to build is 200 sqft then that excludes land as you said and permits, lot costs, utility costs
Can you show houses for Houston, TX? Basements are actually not reccomended here at all sure to yearly hurricane season and flooding
Omg I didn't know that videos and channels like these exist on UA-cam! Awesome, subscribed.
No where close to the costs in California. I'm a contractor our average direct costs are around 150-200 per sqft.
Just built a 3000 sqft house..just the lumber alone was $105,000
I'm looking at 15 acres, it's 250k no septic, etc, dirt period. I'm trying to figure out how much to build a smaller home 1500 sq..
No cities in Texas are mentioned. How is it adjusted for Houston being we don't have basements?
I’m thinking about demolishing my current home and build a new home on my lot. Where do I begin?
Sir We are looking at one house here in Northern California. House is very old but location is great. Does it cost us the same if we demolish the house and build new on same sqft using. If we build Custom home..
Anil, you will need to pay to tear down and haul away the old house. Then prep the building pad for the new one. Custom home prices are much different than the house shown here. Typically custom will have much higher prices.
So how much would it cost to build this house house in North Carolina? Or in Long Island, New York?
@openbokbuild where can I get an estimate to build this house in my local? This video was done 2 years ago form 2/10/2024 when I am looking at it. Thank you
Does the $332k example already include that 30% contractor markup that you mention?
No. The markup is factored in after.
I built 4 spec homes in AZ between 2016-2017....The average cost to build was around $78 a sq ft...minus the land and permits....I subcontracted everything out except the plumbing, painting and landscaping..
hey again. at 5:09 you are standing in front of a basement.... 1.. is that the basement for the kincaid plan? 2..trying to orient myself. so the garage would be to the right? 3.. looks like a walkout basement, right?
You can check out the house plan at www.advancedhouseplans.com/plan/kincaid
That house looks very interesting. There is wood everywhere.
I was recently looking at houses that were in different stages of construction nearby. And i didn't really see any wood at all. The inner walls were all made out of big blocks which i think are limestone. But all of the outer walls were made out of bricks. So seeing planks on the outside is really confusing to me. You would only see planks on a shed here. Also the window frames and doors are made out of more durable material than wood these days. So they don't really equire maintenance anymore.
I just looked out the price of building an average home here. And google said that it was between 200K-700K Euros.
It sounds like you are in Europe. A significant difference with house construction in the US is that homes are usually (~90% of the time) built with wood frames. You can use Google if you want to understand the why behind this.
I live in Ohio and this was very helpful! Thank you!
Can we use Menards to build in California?
One thing that definitely needs to be passed on to all home builders is to keep up with their nails and refrain from dropping them all over the roads and streets! Nails need to be tucked and stored away in safe storage compartments. Commuters shouldn’t have to purchase new tires or sets of tires simply because home builders, other builders, and construction workers are dropping nails all over the place!
What a silly comment.
I wonder how much will it be to build a home in Wisconsin, we do have to include the property lot too,😊
My husband and I will be inheriting a house in northern VA soon and want to rebuild. We currently have a condo and it’s hard to gauge how much the cost of build is with existing property. The neighbors of the house just recently sold it for $600k and the new build is listed for $2mil. 😳 wondering if we can even afford to rebuild to match with the new coming neighborhood style
Imagine if you had to start from 1st base.
We are also in nova and to build if you’re inside the beltway or even in McLean area you’re looking at about 750. If u get out to Reston, sterling or fair fax you can prob get away with about 500 to 600 for around 3000 to 4000 sq ft I would guesstimate
Yes you can. If the neighbor houses are selling for 2 mil any bank will give you the construction loan. Depending on the area in VA I’ve seen 4 houses built on an 1.5 acres. First talk to an architect and see what you can do on the lot.
Why on earth do you want to match the style of YOUR house with others’?
I like the floor plan shown, but agree the living room is wasted space unless converted to something functionable . And my biggest complaint of new housing is the bedroom closets are still way too small except for the MB. All bedrooms should have walk in closets even if you have to reduce from 4 bdroms down to 3.. And outdoor patios are worthless without a cover for shade,etc
In most cases, an extra bedroom can add between $30,000 to $50,000 to the potential resale value of a house. So greed takes over most of the time.
@@weareorigin it's not really greed it's providing what most people are looking for. Demand increases price if it lowered the demand the price would go lower
i agree closest space is important
@@shyne3 why
@@Vahgana because most closest spaces are to small for me i a have good amount of clothes and im also a heavy sneakerhead. I need the extra closest space make room look less messy for me. Everyones different.
What would the cost adjustment be for the greater Houston and Austin areas? @armchairbuilder
general contractor here. if someone quotes you $300k to build that entire house, run from them, because once they start, the "unexpected" expenses will bring the total cost to about $700k.
he quoted the lowest quality materials, perfect weather, and ZERO overhead, just as an example, the foundation alone will be about $80k and not $45k unless you do the excavation yourself and there's no old structure on the property that needs demolishing. another example, what happens when your roofers can't work because it rains for a week and now you have the entire wooden structure soaked?
the prices he's showing are a fairy tale
very true👍
I just got a quote from a GC in San Jose for a house like this one, 2500 sqft living area, 500 sqft garage. The cost is $800,000.
I'm a bit confused...is the cost the $148k from Menards plus the $332k mentioned?
Hi. great video. a quick tip for background static noise fix. Adobe audition - noise reduction effect is a quick and great fix. Cheers.
I was hoping you’d have price adjustments for some of the more expensive markets, like LA, Miami, SF, NY and Hawaii.
Are you able to give an idea of what you think the price adjustment would be for Hawaii?
We generally assume around $250-350/sq ft to build starter homes, and $600-1,000/sq ft to build luxury homes, so I would expect this home to come in somewhere around the $300 mark (also have to factor materials are marked up here, probably around 10-30%, since they need to be shipped here.
Yup, this is right. and if you diy, $150/sq ft which gets you a few reasonable upgrades here and there on a slab only...no basement, infrastructure improvements, permit fees, etc.
It would be very nice, if you made a video about the yellow house at 1:02. I really love this house!
Thank you for this video. I could have watched another half hour of this information.
How much you think I can build a 3bedroom two bathrooms in Florida
We are ready to either stick build or A cape Modular in the Celina, Tn 38551 area and cant find either there. Any sugestion on a Modular company that will erect one in that area
would a military discount affect this price?
You look like a very honest Man and that’s something
we don’t have very much of here in California !!!! Lol 😂
What is the cost for a second story addition?
Great video. So the materials are not the same cost in CA? I thought just the labor was $250 a sq ft to build?
how much if you just get guys from the home depot lot to help with heavy lifting once in a while?
how much to just get it to the point where you can live in it and finish it later?
Didn't understand the "location cost adjustment" factor. What does +n means?
You know anywhere I can find plans for a subterranean home?
Hello and thank you. My question is; what computer drafting software to use for myself to design and drat a home? Keep in mind I did down load one last year ( yes a free one) and it took my computer for a ride. I am braver now or smarter now that I am asking for help. Thank you in advance. Phil
You might have mentioned the Menard price you gave included their mail in 11% discounts. Or around $17 grand discounts. Menards is mainly a midwest store also. Plus you'd have to mail in coupons for each and every qualifying item, and wait months on discounts.
Hello. We used Menards pricing to show people real cost numbers that are actually published. And for those that don't have a Menards near them, the closest building supply company will have competitive pricing.
@@OpenBookBuild Menards is my favorite big box hardware center. But my main point was there is a difference between the actual price, and the Menard 11% mail in discount price of around $17,000. Just wanted viewers to realize that.
@@damham5689 at approximately the 4:06 mark, @Armchair Builder shows exactly that the Menards price is $142,035.61, down from $159.590.57; due to the 11% Menard's discount. The clever background page that he used was very helpful in supporting his claim.
Unfortunately the Menards 11% discount is also in the form of a store credit. It is not real money. How do you spend the $17,000? At the same store you just spent a fortune.
@@wmason1961 menards sell appliances and tons of other things you can buy for your house.
How do you get Menards to price the materials of the floor plan? I couldnt get there
The link to the menards material pricing for this house is in the video description
Excellent presentation, Michael! Excellent!
How much does it add to the cost if you live somewhere with clay soil? I have never even seen a house with a basement in my area, so I assume there's some difficult adjustments to keep it from breaking when the ground shifts.
I live in NC it’s all clay soil here. I’m in the same boat, I’ve never seen a basement on a house here. I bet it’s a pretty penny extra
Tons of basements in nc
@@staciannreaves843 in my area of NC there are almost none
I live in Southern Ontario Canada. We have heavy clay soil. Every house has a basement here, it's standard. Basements are usually built in colder climates, because the foundations need to be six feet below ground to avoid shifting (freezing/thawing). If you live in an area where the ground does not freeze or thaw a lot, you won't see basements as being standard.
I bought my 2,800 sq. Ft home in 2004 brand new for $185,000. So I wonder what the cost of building it plus materials were?
Hello Michael , how do you get the materials list from menards ?
Where can i get the info for the property set back lines?
What location in the US you are talking about the price?
Informative, helpful, and concise = NICE! Thanks for the video.
You have a lot of Californian viewers because our labor costs and material costs so high. I moved from Iowa to California. I can tell you.I am sure, your estimate is correct and reasonable in Midwest.
We need more of these 🫡
What is the adjustment for a home in California? Say a major Central Valley city like Fresno? Thanks!
Hypothetically, what is a value sq. Ft for the lot size to build this house plan? 7,000 sq.ft lot?
I want to build on the land I own outright in Palm Bay, Florida, but I have no money. What can I do?
hello . can i see what you have already built in Denver?thank you
Will this design work in cook county IL for example I mean codes or village codes
How does the adjustment work? It's just add or subtract a few thousand dollars?
How is it not a multiplier? I would expect labor to be eg $20/hr in one place and $30/hr in California or something. That's not just adding a few k; it's multiplying the labor cost by 1.5x
I stopped about 4:30, but kudos. you address everything in your criteria
Built three houses in AZ. First one was 1564 Ft. Ten foot ceilings with 8 foot doors. Nice ceramic plank style flooring and quartz countertops...Midgrade cabinets. Moen fixtures throughout..$116.000.00 material cost...$38.000.00 labor cost.$49.000.00 land cost. $203.000.00 Total. Sold for $289.000.00 after 6 months of construction in 2020.
Wow that's amazing. How you compare that to now.
Wow high value info. This kind of information would cost 💲 💲 💲 lot of money 💰 in 90s .
Thank you for sharing 🤙
The carpentry trade has been grossly underpaid for a long time, those of you thinking that contractors are just price gouging need to realize that the carpenters wages are just catching up with what other trades have been years ago. For a healthy economy we need to take care of our tradesmen. Please secondguess before complaining to contractors about cost