Hello! I've been trying to find an answer to my question for a couple weeks now and no home builders in my area have really been helpful at all! It's for a course I'm taking.
I am trying to determine what portion of new home construction(or condo construction) costs are for kitchen and baths. I've determined that the cost per Sq.Ft in my area for new home construction is anywhere between $80-$340 depending on quality. No one can tell me the percentage of that cost that would be for kitchens and bathrooms!
So, can anyone with experience in this give me a ROUGH estimate. I don't need exact figures by any means, just a rough idea. I'm aware that prices are different all over as well.
If it costs you $100,000 to construct your average house...How much of that will be for kitchens and bathrooms?
It depends on your exits and what is selling in your market. Plumbing for one of our projects is about 6% of the total budget. Most of that is in the plumbing rough and set out. My single family home plumbing budget is about $10,000 to $11,000. The total cost of the last single family home I did was $172,000. Of that $11,000 budget, about $3,000 was fixtures which is what sells the house. I could have spent $8,000 on fixtures, just as much as the rough, but that would have been for a much higher end house. The fixed cost of your plumbing rough is going to be based on the size of the house and the number of bathrooms. The shiny bits should be dialed in based on the market you are selling to.
Instead of speaking to builders, talk to plumbers that do new construction, and the go shopping for fixtures.
There can be so much variance in this due to the quality with which you are going to use for the build. We just finished up a remodel on a house that is about $110K or so and this is about what we spent.
Kitchen Cabinets $4500
Appliances $1500 (no frig)
Flooring $600
Bathroom cabinet $400
Toilet $100
Flooring $200
We didn't replace the tub but if you did it would be around $1200
Again these are all rough numbers for my area and based on our employees doing all the work but they should be decently close. Hope that helps.
Maybe others out here with more experience would have a better idea.
It depends on your exits and what is selling in your market. Plumbing for one of our projects is about 6% of the total budget. Most of that is in the plumbing rough and set out. My single family home plumbing budget is about $10,000 to $11,000. The total cost of the last single family home I did was $172,000. Of that $11,000 budget, about $3,000 was fixtures which is what sells the house. I could have spent $8,000 on fixtures, just as much as the rough, but that would have been for a much higher end house. The fixed cost of your plumbing rough is going to be based on the size of the house and the number of bathrooms. The shiny bits should be dialed in based on the market you are selling to.
Instead of speaking to builders, talk to plumbers that do new construction, and the go shopping for fixtures.