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Updated over 15 years ago on . Most recent reply

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Turner C.
  • Real Estate Investor
  • Austin, TX
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Estimated Construction Costs

Turner C.
  • Real Estate Investor
  • Austin, TX
Posted

Does anyone know of a resource that provides the average construction cost for a new SFR in a given market?
I'm working on some marketing material and I've been asked to pull together ballpark construction cost data for LA, Las Vegas, and Phoenix.
Please help!

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by Mr_Investor:
Why not hire a general contractor who offers free estimates then use those in your marketing piece?

For reference, I doubt a GC is going to be willing to undertake the cost estimation of building a brand new house without serious consideration for actually getting the job (it would be a good bit of work). And without providing the GC detailed architectural drawings and details about the finishings, most GCs would realize that the investor isn't serious.

If you don't already have designs, I would suggest talking to some local home-builders in the area, who can likely give you an idea of per-square-foot prices on different types of construction and design. If nothing else, it will get you in the ballpark.

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