Construction Cost of residential house in Anchorage, AK

2 Replies

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. 

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!

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? 

Promotion
Innago
Property Management Software
Manage Your Rentals Better For Free. Save Time & Money.
Easily Collect Rent, Screen Tenants, Sign Leases, List Properties, Manage Work Orders, & Much More!
100% Free Try It Now

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you