Construction Cost of residential house in Anchorage, AK

Construction Cost of residential house in Anchorage, AK

Anchorage, AK · Member since 2014 · 8 posts · 2 votes

Any owner builder/developer/GC share your knowledge on the Construction Cost of a new residential house in Anchorage area? assuming a 2000sf, low-end rental duplex.

Exclude land cost, I thought the cost for a low-end single family house is about $100-$120/sf. But a designer corrected me yesterday it minimum cost $200/sf for a low-end, and $250 on average, may up to $325 for high-end. I am speechless now. 

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  • Contractor · Melrose, FL · Member since 2016 · 131 posts · 64 votes
    10y

    I am in Wasilla and work as a project manager/estimator for a large statewide general contractor. Those figures are accurate, but may be slightly less depending on selections of finishes, fixtures, etc.

    Also- garage space should be removed from the square footage estimate as it builds at a much lower rate.

    Sorry about the sticker shock!

  • Anchorage, AK · Member since 2014 · 8 posts · 2 votes
    10y

    Sean, thanks for your comments.

    look at this listing on Zillow:  

    144 Willow View Cir, Anchorage, AK 99504.  

    Ask for: $751,900 

    New construction (2016)

    4-plex, 3,984sf, with 7,800 sf lot.

    Price/sqft: $189

    Lot value: $80,000

    Construction cost should below $150/sf if this builder want have some profit.

    Am I right? 

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