Friday, January 20, 2017

Cost of Construction

In 1978 when I started building homes, the average builder had about $35,000 gross profit in a new home, this continued to increase until early 2008 when some builders were earning a gross profit as high as $250,000 per home. Today the average builder's gross profit in a home is about $80,000 - $120,000 depending on the size of the home. Builders can't offer a quote to build your home without seeing the home plans and visiting the building site to estimate the excavation costs.
To get a Ball Park cost of construction, here is a very simple method. Add up all the square footage of the home including basement, main floor, second floor and garage then multiply the total by $190 / sq ft. It does not cost $190 per square foot to build a garage and it doesn't cost $190 to build kitchen complete with cabinets, it's simply an average number for an average home to get a "Ball Park" price. Oddly enough, this price tends to be plus or minus 5% of the actual building cost. Included in this price is excavation, materials and labour to complete the home, stainless appliances, hard surface counter tops, hardwood and tile floors, heated bathroom floors, exterior concrete slabs, building permits, new home warranty, builder fees and taxes. Retaining walls and landscaping and septic systems are not included in the Ball Park price.
The Ball Park price will help you establish the size of the home relative to your available funding. Once you have the Ball Park price, then you can move forward with construction plans and have the builder quote on the cost of the home, a review of the building site by the builder will help them get a good idea of the costs for excavation and retaining walls. The Ball Park cost of construction changes with: exterior finishes, deck styles and sizes, counter top selections, electrical fixtures, plumbing fixtures, floor coverings etc.

The style of home also changes the Ball Park cost per sq ft.
Based on a 1575 sq ft home with a 576 sq ft garage

  • Built with a 2' concrete frost wall and concrete slab is 2151 sq ft at $190 / sq ft.
  • Built with a 5' crawl space, is 2151 sq ft at $210 / sq ft.
  • Built with a fully developed walk out basement  is 3726 sq ft at $170 / sq ft.
  • Built with a walk out basement and a full second floor is 5301 sq ft at 160 / sq ft.


At Hartley Homes our objective is to make the entire building process easy joyful and rewarding. We do this using a system of best practices and controls to deliver the look and function exactly as promised. We also believe in transparent pricing, our clients see every supplier invoice, our builder fees are declared upfront so there are no hidden charges. For more information go the "Cost of Construction" in the header of this page

56 comments:

  1. Thanks for the info on the cost of a home. It's actually a lot cheaper than I thought it was going to be. We're looking at going into some custom home construction Virginia Beach and we're finding that the prices are similar to yours here. My wife and I appreciate your openness when it comes to the financial side.

    ReplyDelete
  2. I know have an idea on how much estimated cost I would incur. I am also thinking about getting an insurance.


    By Home Builder Newton

    ReplyDelete
  3. Thanks for the effort you took to expand upon this post so thoroughly. well !Gulf Coast Supply is a leader in manufacturing metal roofing and components, serving all of Florida and Southern Georgia.

    ReplyDelete
  4. It must be too much. Because there's done excellent job.
    Builders Wolverhampton

    ReplyDelete
  5. Has anyone used high-end home builders in grand rapids mi and I have a requirement of a builder who will listen to the client's ideas and explain every step of the process as it unfolds.

    ReplyDelete
  6. Thanks for the information on the cost of a home. It's actually a lot cheaper than I thought it was going to be.nice pst! Thanks for sharing this nice post.



    Real estate in kelowna

    ReplyDelete
  7. No one wants to pay more than necessary when building a home. This could help keep our building budget within reason, without compromising on the home we want. Thanks for sharing!

    ReplyDelete
  8. Hi
    It’s hard to find knowledgeable people regarding but you sound like you know what you’re talking about! Thanks for sharing this with others. smart home

    ReplyDelete
  9. I am adding a dining room onto my house in the next few weeks. I would like to get a few construction sheets to lay over my building materials when the weather is bad. Is this something that I can purchase at the hardware store? What will about three sheets run me? Has anyone use these type of sheets? What is their durability?

    bryanflake1984| http://www.nanstarps.com.au/Builders-Sheets

    ReplyDelete
  10. Truly said, construction industry is being developing day by day and thus the increase in rate is also increasing. There are many firms like Miller construction who are providing the service of construction in a reasonable rate.
    Miami’s Preconstruction Planning Consultants

    ReplyDelete
  11. Basement Finishing Videos teaches you how to finish basement.If you are looking for basement finishing cost then basement finishing videos would help you.
    How to frame a basement to how to finish a basement , such questions would be solved

    ReplyDelete
  12. I agree with you. The construction industry is developing day by day on a higher level. With the help of construction industry, it has become easy to minimize the cost of the construction. Now a days, you can find preconstruction planning in Miami, that helps in the improvement of construction projects.

    ReplyDelete
  13. I have been looking into constructing my own home. There are a lot home to choose from. I hope that I will be able to find the home that works best for myself. There is a lot that I am able to choose from while building my own home. http://www.jachomes.com.au/

    ReplyDelete
  14. i did spent lot of money when, this blog is very helpful for me
    homes for sale guelph Ontario

    ReplyDelete
  15. i did spent lot of money when, this blog is very helpful for me
    homes for sale guelph Ontario

    ReplyDelete
  16. Cool blog! Because of the way you explained, the things you defined, I have been adorer of your site… Extensions

    ReplyDelete
  17. Really very nice blog, this blog will help who wants to purchase new homes crescent homes are best home builders Guelph. Buying a home is one of the most important decision and purchase in your life.

    ReplyDelete
  18. We tend to estimate high to establish your budget, once we see the plans and building site our firm quote could be much less expensive than the above figures.
    Custom Build Homes

    ReplyDelete
  19. Definitely, what an outstanding website full of informative posts, I will surely bookmark this site. Wellington roofing companies

    ReplyDelete
  20. It’s my first time to visit this site & I’m really surprised to see such impressive stuff out there. raleigh carpet installation

    ReplyDelete
  21. I’m eager to find the valuable information and for me this is the right place to get the good stuff.http://www.baumwoolger.com/

    ReplyDelete
  22. Nice to read your article! I am looking forward to sharing your adventures and experiences.
    custom home builder Charlotte NC

    ReplyDelete
  23. HOW I GOT MY LOAN FROM DR PURVA PIUS LOAN FINANCE (urgentloan22@gmail.com)

    Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete
  24. Residential building construction Plot for Sale in Lahore of course comes with its own costs.
    Plots for sale in Paragon City

    ReplyDelete
  25. Crescent Homes have an unwavering commitment to building. Not just building new homes, but building trust & relationships. I really Appricate the blog content it really very useful for everyone home builders guelph

    ReplyDelete
  26. Great Tip. Thanks for sharing. We are actually starting a crazy big project here in a few weeks and will take all the advice we can get. Let us know at Thanks again.

    Quality Home Builder in Oak Forest
    SRS Contracting

    ReplyDelete
  27. The information you have posted is very useful. The sites you have referred was good. Thanks for sharing...
    sunrooms lancaster pa

    ReplyDelete
  28. Post is very informative,It helped me with great information so I really believe you will do much better in the future.

    custom house design
    insulated concrete form house plans
    coastal home design plans

    ReplyDelete
  29. Great article, thank you. I recommend to chech this constructions on Artichouse

    ReplyDelete
  30. Really nice post. Thanks for sharing useful information with us.
    SRS Contracting Co.
    Best Builder in Oak Forest

    ReplyDelete
  31. I like your blog it's really cool and nice thank you for sharing this great information about the Custom Residential Homes.
    Custom Residential Homes

    ReplyDelete
  32. I was really want to get some more detail and information about the solid wall systems but your blog helped me so much thank you for sharing it.
    solid wall systems

    ReplyDelete
  33. Dear Admin,
    Its very spectacular, that's the website you admire I likable it.
    Top Tips for buying your Lake Norman Luxury home. Exercise all your options and obtain a thorough understanding of the entire Lake Norman area.
    Luxury Custom Home Builder
    Best Regards
    lillian coleman

    ReplyDelete
  34. Super blog and very interesting information which I always wanted to search many article but you article is really fantastic.
    holiday villa rental Camps Bay

    ReplyDelete
  35. That’s a nice site you people are carrying out there.
    custom home builders kansas city mo

    ReplyDelete
  36. You definitely has the experience in cost of construction. This helped me to finally hire TopNotch Construction company in Manila. Thanks a lot dude.

    ReplyDelete
  37. nice blog I really appricate
    You may discover tennis courts, group swimming pools, play areas and substantially more also, in case you decide to go in for a good  Home Builders in Ajax

    ReplyDelete
  38. Do you need Personal Loan?
    Business Cash Loan?
    Unsecured Loan
    Fast and Simple Loan?
    Quick Application Process?
    Approvals within 24-72 Hours?
    No Hidden Fees Loan?
    Funding in less than 1 Week?
    Get unsecured working capital?
    Email us:urgentloan22@gmail.com
    Application Form:
    =================
    Full Name:................
    Loan Amount Needed:.
    Purpose of loan:.......
    Loan Duration:..
    Gender:.............
    Marital status:....
    Location:..........
    Home Address:..
    City:............
    Country:......
    Phone:..........
    Mobile / Cell:....
    Occupation:......
    Monthly Income:....
    Email us (urgentloan22@gmail.com)

    ReplyDelete
  39. This is really a nice blog in which you discuss some useful things, thanks for sharing this and keep going on.
    New Home Construction Houston

    ReplyDelete
  40. I will recommend anyone looking for Business loan to Le_Meridian they helped me with Four Million USD loan to startup my Quilting business and it's was fast When obtaining a loan from them it was surprising at how easy they were to work with. They can finance up to the amount of $500,000,000.000 (Five Hundred Million Dollars) in any region of the world as long as there 1.9% ROI can be guaranteed on the projects.The process was fast and secure. It was definitely a positive experience.Avoid scammers on here and contact Le_Meridian Funding Service On. lfdsloans@lemeridianfds.com / lfdsloans@outlook.com. WhatsApp...+ 19893943740. if you looking for business loan.

    ReplyDelete
  41. Awesome post very impressive and enthusiastic also please keep sharing hope for more posts like this in future.
    Renovations in Herne Hill

    ReplyDelete
  42. I would highly recommend Le_ meridian funding services to any person in need financial help and they will keep you on top of high directories for any further needs. Once again I commend yourself and your staff for extraordinary service and customer service, as this is a great asset to your company and a pleasant experience to customers such as myself. Wishing you all the best for the future.Le meridian funding service is best way to get an easy loan,here is there email..lfdsloans@lemeridianfds.com Or talk to Mr Benjamin On WhatsApp Via_+1-989-394-3740 Thank You for helping me with loan once again in my sincerely heart I'm forever grateful.

    ReplyDelete
  43. Plumbing disasters rob you of your daily productivity. That’s why we treat every plumber service call as a priority. You’ll get quick turnarounds, honest assessments, and personalized service that gets to the source of your specific problem. Trust 911 Plumbing Heating Drainage, LTD. to become your Kelowna plumber today! border plumbing

    ReplyDelete
  44. I got here much interesting stuff. The post is great! Thanks for sharing it! Building companies adelaide

    ReplyDelete
  45. Really helpful information , it helps in building new custom home and constructing new house builder in adelaide.

    ReplyDelete
  46. Keep sharing this type of informative content, really helped me a lot. And just go through the for Brisk Works and related building and renovation services.

    ReplyDelete

  47. The cost to build retaining wall varies depending on several factors, such as the size, materials used, and the complexity of the project. An average cost for a small wall of 10-15 feet long and 4-5 feet high can range from $3,000 to $5,000. For a more complex project with multiple levels, the cost can easily reach $10,000 or more.

    ReplyDelete
  48. I have been reading your posts frequently. I need to say that you are doing a fantastic work. Please keep up the great work.

    ReplyDelete
  49. Glad to visit your blog. Thanks for great post that you share to us...

    ReplyDelete
  50. Its really wonderful and watchable. I like to share it with all my friends and hope they will definitely like it.

    ReplyDelete
  51. I'm genuinely impressed by the cost-effective approach highlighted in this blog! The insightful tips on optimizing construction expenses while maintaining quality are a game-changer. It's refreshing to see a resource that empowers both professionals and enthusiasts to build their dreams without breaking the bank. Kudos! Colorado Springs Basement Finishing

    ReplyDelete

Recent Project

Hartley Homes and Consulting Kelowna BC

My Blog List