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Updated over 10 years ago on . Most recent reply

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Kyle D.
  • Flipper/Rehabber
  • New Port Richey
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112
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Build a new home for under $50,000

Kyle D.
  • Flipper/Rehabber
  • New Port Richey
Posted

Is it possiable to build a new home for under $50,000? Like a complete builders grade home. I alreadyhave the lot. it probally be a 3/2/2. This home would be in central florida

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied
Originally posted by @Chris Martin:

Not likely for a 3/2/2. For a small house, I think you can get close to or at $50K if you remove some of the labor costs by DIY and ignore some things like permit costs, tap fees, other site improvements. See also http://www.building-cost.net/ for a rough guide...

Disclaimer: not affiliated with the site, I just use it for rough numbers

Agreed.  If Florida is anything similar to its northern neighbor (Georgia), you can probably build for as low as $60/sf if you're your own GC, if you don't have to spend a fortune on utility hook-ups and if permit costs are relatively low.

We build with mid-level finishes in the low-$60s/sf in Atlanta...

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