JScott
% of profit. Was this 100K property you made 20K on, 20%? 50K property you made 20K on, 40%? 200K property you made 20K on, 10%? It means a lot more to posters if they're comparing apples to apples. Calif property sells for more than Atlanta metro or Indiana etc. You also stated average of 20K last couple years. Would a graph show a straight line, up trend or down trend? My areas have definitely been a down trend on profit. I'd like to know % of profit folks are seeing now. Rich
price per sq ft is difficult to nail because everyone has a different trim level to which they are completing the home. Some people include fees and others do not. Some include the garage, some do not, some even include it in the price per sq ft calculation.
I would argue that price per sq ft is based on the home sq ft and therefore the garage is thrown into the numbers.
Also what trim level are you at? 1/2" drywall with plastic fixtures, particle board vanities and cabinets, and fha minimum grade throughout or 3/4" drywall, 10' ceilings, granite, wood tongue & groove cabinets, deep sinks, 9" faucets, smooth stucco, and full interior trim?
What is it that you are doing.
With all of that said, a basic 1300 sq ft home with 22x22 sq ft garage with FHA minimum trim level, comp roof, single gable, fake pergo, wood cabinets, granite - $50 sq ft, in CA, based on the sq ft for the home.
Of course fees here, water meter, sewer, etc will be another $40K.