Sunday, April 6, 2014

How much does it cost to build your own house?




Ethan


You do "ALL" the work (electric, plumbing, etc etc)


Answer
Here is a perfect "rough" calculator that you can use to calculate a ball-park cost:

http://www.building-cost.net/

You'll enter:

1. The number of corners the house will have.
2. The total living area square ft.
3. The quality classes of the materials used for the foundation, the exterior walls, the exterior finish, windows and doors, roofing/soffit/fascia, interior finish, flooring, bathrooms, kitchens, and plumbing. Each category can be rated 1 to 4 and there is a description of materials that fall into each class.
4. Is there an attic, balcony, basement, garage, or porch (finished/unfinished/etc).
5. Is it in a housing tract and in a metropolitan area.
6. Central heating/cooling.
7. Fireplaces.
8. What State it's to be built in.
9. What zip code will it be nearest to.
10. The result: Materials, Labor, Equipment, Total.

All in all it's a really neat calculator.

For Minneapolis, MN, a 8 corner house, 1858 square feet using class 2 (good) materials, with an unfinished 929 square foot basement and a 600 square foot unfinished garage, built within the metro area, with central forced air heat and cooling, and no fireplaces would be:

$84,696.00 materials
$10,684.00 insurance, permits, plans
--------------------
$95,380

A builder, on the other hand, would charge an additional $94,897.00 in labor and $27,255.00 in contractor markup for a total cost of $221,710.00

In Blaine, MN the Middle to Upper Class what would You Pay for Rent on a 3-4 br house being utilities paid.?




mn01countr


If you were looking to rent a very nice home in Blaine MN the middle to upper class area where everyone is friendly and queit, the house has 3-4 bedrooms 2 bahtrooms, a fireplace downstairs and has a three season screeened in porch, fenced in back yard, fairly recent landscaping in fron yard and some in back yard, has 1.5 car garage attatched to house, close to shopping, dentist and medical and other interesting places. The outside trim has been recently been painted and the porch recently repaired and updated and painted, inside has some new paint. It will have water, garbage, gas, electric and sewer paid, and phone would be renters responsibility. Possibility that maintenance is tennants repsonsibility except that the landlord can't waive, month to month lease, and option to buy will even do contract fo deed if necessary and the right person. the choices are $1200 month $1500month or other.
What would you pay, & would you be interested in this $215,000 with theses rates?



Answer
$1,500 / month sounds like a bargain to me.




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Title Post: How much does it cost to build your own house?
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