Chicago, IL · Member since 2015 · 7 posts · 2 votes
Hello,
I'm trying to get a sense of what it would cost to build a SFH on a vacant lot. Assuming that current zoning allows for construction of a SFH, other than purchasing the land what types of costs would I be looking at to build a home?
Thanks,
Matt
I'm in the middle of building a home on 10 acres in Los Angeles county, and my total out the door costs (not including land acquisition) is $293,000 for a 4 bed, 2 bath 1800 sqf single story ranch home. That number also includes all utilities (which the water is very expensive for me because we couldn't dig a well), county permit fees, and financing costs.
But like @Rob Beland said, every project is completely unique and the numbers can be drastically different.
I'm in the middle of building a home on 10 acres in Los Angeles county, and my total out the door costs (not including land acquisition) is $293,000 for a 4 bed, 2 bath 1800 sqf single story ranch home. That number also includes all utilities (which the water is very expensive for me because we couldn't dig a well), county permit fees, and financing costs.
But like @Rob Beland said, every project is completely unique and the numbers can be drastically different.
I'm trying to get a sense of what it would cost to build a SFH on a vacant lot. Assuming that current zoning allows for construction of a SFH, other than purchasing the land what types of costs would I be looking at to build a home?
Thanks,
Matt
To get a more accurate rate, go with Rob's post.
For a more broad cost, all in should be around 120-160. Maybe around 600 if you build in Detroit, where you build something today and its gone tomorrow, demographics matter also, too cold to work, too many rainy days, etc.
I'm trying to get a sense of what it would cost to build a SFH on a vacant lot. Assuming that current zoning allows for construction of a SFH, other than purchasing the land what types of costs would I be looking at to build a home?
Thanks,
Matt
To get a more accurate rate, go with Rob's post.
For a more broad cost, all in should be around 120-160. Maybe around 600 if you build in Detroit, where you build something today and its gone tomorrow, demographics matter also, too cold to work, too many rainy days, etc.
Cost of construction in Detroit is similar to costs everywhere else and quite often higher because of above average construction.
My 1882 house built with 500lb quarried stones was not built today and is not gone tommorow.
It will probably still be standing 100 years after the wood/frame/stucco Styrofoam window frames homes being built in Hesperia/ Riverside/ Victorville by Pulte Homes have all been bulldozed down.
(I walked through subdivisions where you could buy 3 year old homes for 1/4 of new price from the banks that had foreclosed 9 out of 10 homes. There were already cracks running through the stucco in many of these homes. And yes all the fancy features were Styrofoam blocks sprayed over with stucco. 2008-2009)
I used to build custom homes. In the Midwest, you should be able to build for $95.00 - $115.00 per square foot for a nice, not opulent, home. Much of it is selection on your part and properly sourcing material (I can help with this) and labor. PM me if you want one of my old estimating spreadsheets. I haven't updated it in five years, but it's a good start.