|
Estimating Books, Software, Construction Costs, New Home Prices
One of the questions most often asked by our visitors is: Well, the short answer is "probably somewhere between 80 and 200 dollars per square foot, with the average between $95 and $150". However, it is simply not realistic to expect anyone to be able to provide a narrowly defined dollar estimate to build or remodel any house without first knowing much more about the project in question. Square foot costs are nothing more than the total cost of everything purchased to build a house divided by the total number of square feet in, on, and/or around that house. Expensive "stuff" used to build a small house could easily make that house cost more per square foot than modest "stuff" used to build a large house. Houses with basements typically cost more per square foot than those built on a concrete slab. Two story homes generally cost less per square foot than ranchers (because the roof assembly, which usually costs more than a second floor assembly, can cover twice as many square feet). When the square footage of a large, relatively empty, garage is factored into the cost of a home the average square foot costs will be reduced. While a grand foyer, a two story open space, or ceilings that are taller than normal increase the volume of a house but not necessarily the square footage, which increases the overall price per square foot of that home. Hardwood floors, luxury marble baths, gourmet kitchens with built-in refrigerators and granite countertops all cost more per square foot than unfinished basements or garages, wall-to-wall carpeting, fiberglass tub surrounds, vinyl flooring, and post-formed laminate kitchen counters. Brick veneer costs more than vinyl siding and contractors generally receive more compensation to perform their work when there is a large demand for their services. Location is another very large factor in determining the cost of building a new house. A home built in Hawaii or Alaska -- where almost everything has to be shipped long distances -- will cost considerably more, on average, than a comparible home built in Kansas or Iowa. A New York loft could cost more than twice as much per square foot as a space the same size in Clarksdale, Mississippi. And a small lot in a trendy new subdivision on one side of a city could easily cost 3 or 4 times as much as a larger building site only a few miles away. Then, there is the issue of how square footage is actually measured. Are all interested parties using the same criteria? Is the basement or garage included in the numbers? What about closets, pantry areas, staircases, decks or covered porches? Are square foot measurements determined using exterior dimensions, interior dimensions, heated floor space, and/or actual living space? There could be a large difference in square foot costs based solely on the method used to calculate square footage. To complicate matters more, are the land costs factored into the construction costs? What about clearing, grading, driveways, walkways, well or water service, septic or sewer service, phone, electric, gas, final grading, seeding, landscaping...... Simply put, in order to develop an accurate construction estimate for your particular project, you must first decide exactly where and what you are building, develop a complete list of materials, and bid all of the major phases of construction with local contractors. Of course, this could be the ultimate "Catch 22" because before you can decide what and where you can afford to build, you need to know how much it will cost. Such is the nature of the beast, but here are a few books that might help and this page offers a little more information.
RS Means Residential Cost Data 2014: Square Foot Costs, Systems Cost, Unit Costs - by Howard M. Chandler (Editor) - Includes location factors to adjust material and labor costs to more than 930 U.S. zip codes and selected locations in Canada
|
Site Design by GS Design, Inc. |