New Construction Costs

[Danielle D.]

Hi all,

I just picked up a 600 sq ft house in the Regis area. I was hoping to gut it and add 800 square feet on the back but I just learned that it has no foundation!   It looks like it'll have to be scraped. 

I need to build new at $100/sq ft maximum not including demo, plans, professional services, and water tap which I have in for $18k.  It's a half lot (3,120).  Mid-grade finishes which I can source myself to save $.

Is this doable NOW and in this market?  

Any suggestions or feedback is appreciated.

Danielle

[J Scott]

I have no idea what new construction costs in your area, and I have no idea:

- What level of finishes you plan to use

- What types of contractors you plan to use

- How much construction knowledge you have

- What type of house you plan to build

- How good your negotiation skills are

- Whether you'll be managing the project or hiring a GC

Without all that information, it's impossible to know what it will cost you to build what you want to build.

That said, I'd be very surprised if someone with experience was unable to build builder grade new construction for less than $100/sf in that area.  As data points, between us and others on this board, we are building at under $90/sf in Georgia, Maryland, Texas, Florida, Utah, Virginia, North Carolina, etc.  So, that tells me it's likely that you can do it in Denvert as well (though perhaps Denver is ridiculously expensive for some reason I'm not aware of).

It's really more a matter of what you're trying to build and your specific experience.