Cost to Build a House in 2024
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- Опубликовано: 16 фев 2024
- This video covers the cost to build a house in 2024 in the U.S. We discuss the details of the average home price, in other words, the types of houses the cost applies to. We dig into the cost per square foot as well as the overall cost for the person wanting to take on the general contractor role for their new home. Obviously, every situation is different so these numbers should only be used to begin thinking about the process. An accurate cost to build can only be obtained by bidding out the project to a minimum of three trades and suppliers per building activity. Many things will affect the actual cost to build for a given project including, but not limited to, lot cost, lot improvements, level of finishes chosen, location of project and local cost of labor and materials, weather, labor market dynamics, local building codes,...etc. To learn more about our self-paced online course covering how to build your own home, visit our website at ownerbuilderclass.com. ownerbuilderclass.com/
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This is the best video ive seen for building costs. No fluff, right to the point. It lays out exactly the home and trimmings we are talking about. Im a builder and i can say his figures seem realistic.
Thank you for this update. I hope that’s what it will cost for me. I must say that your course is very thorough and a terrific help and support in becoming an owner builder. I’m actually looking forward to it now.
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$81.25/ per square foot but I milled and planed my own lumber and also did the electrical and plumbing myself. I hired a framing crew, insulation company, and roofing company, and also a drywall guy. The more skills you learn and the more time you have for the project the cheaper it will be.
Sounds like the smart approach. I’m new to this class and am looking around at buying land locally or possibly relocating to another state. I assume this is the first step in the home building process.
Advice needed and appreciated.
Thank you for the information
We're on the back side of our build, hopefully in it by summer. Your estimate is pretty close for North Texas. I should fall in the range of $125/ft but did a lot my self. Had I hired it out I probably would have been in that $140-145 range. I didn't do builder grade either, slab on grade with 31 piers, 2x6 walls, casement windows, zip sheathing, Hardie exterior, Bosch hvac, dehumidifier, erv, etc...
Sounds like you did it right. Nice job.
Cement and stonemasonry is waaaaaay better
I bought Michael’s class and it’s well worth it. Mike is responsive and professional. Just breaking ground now thanks good luck to all.
Good things come to those who stay the course.
Hows it going!!?
Who’s Micheal
We are GCing ours. We found a good builder with only a 10% markup, but it's a big home and still have a 95k markup so are doing it ourselves. We decided to go with a turn-key foundation. A big outfit who only does footers and walls. All the smaller concrete outfits had to spend a fortune renting out forms, so he was cheaper too. For some numbers: 89k lumber, 80k windows/doors, 7k excavation, 60k walls/footing/waterproofing/filling giant underground softspot, 13k basement slab, 4k garage slab, 5k rock, 8k steel beams, 57k framing labor, 15k roof, 44k stairs/banisters/balusters (curved, looking for another bid), 40k electrical, 33k plumbing, 97k hvac (47k is geothermal), 15k septic, 8k 500g underground propane tank, 36k drywall, 22k insulation, 11k garage doors, 38k brick/stone, 18k masonry labor, 10k granite. We have a lot of stuff we are doing ourselves with help from family, and haven't decided on cabinets yet. 3000+ unfinished with basement garage, 3067 main floor, 1714 upstairs. It's 80% brick and stone. 9ft, 10ft, 9ft ceilings.
Well done. Thanks for the detailed breakdown. Hoping to start my project in a month or so.
Awesome breakdown. Did you do a construction loan? And if so, did you have any issues with payment delays? I heard loans cause construction to halt a lot.
@@omi8015 We haven't finished the house yet. We are currently having things framed. We are working to get a construction loan. It is a slow process and we are waiting on them to do an appraisal. We are currently just self funding until we get everything signed, but the loan has been approved. We had to call a dozen banks to just find one willing to fund a self build. Most only allow an external GC to do it.
We have continued to iterate on our costs. Here is an updated breakdown:
1k site plan/surveys, 2k permits, 1.7k dumpster/toilet, 89k lumber, 80k windows/ext doors, 7k excavation, 54k concrete foundation, 14k basement slab, 4k garage slab, 3k garage rock, 5k basement rock, 2k patio rock, 2k driveway rock, 8k 50'+26' steel beams, 56k framing labor, 15k roofing labor, 44k stairs/banisters, 1k gutter drainage, 40k electrical, 33k plumbing, 97k hvac (47k is geothermal), 10k outdoor fireplace, 9k indoor fireplace, 15k septic, 5k 500g propane tank, 36k drywall, 23k insulation, 11k garage doors, 25k interior doors, 15k interior carpentry, 16k bathroom installations, 8k gutters/downspouts, 18k masonry labor, 38k masonry, 4k deck flooring, 2k patio slab, 30k exterior trim, 13k deck installation, 38k cabinetry, 10k granite, 3k bathroom fixtures/toilets, 2k tub, 6k light fixtures, 20k 5k sqft driveway, 19k carpet, 3k final grade, 26k 2000 sq ft hardwood flooring, 4k flooring tile, 3k interior paint, 7k bathroom vanities, 1.5k ceiling fans, 0.5k garage door opener.
The one from two years ago popped up for me.
I went to see if you had something current.
Thanks!
p.s. Today, Google says N.C. is about 120-150
A year ago, in central coastal Florida $175 by GC. I’ll be owner builder, and it’s not a complicated build, no frills, so $140 would be nice
In Gulf County, Florida; Several contractors are charging $350.00 and up per square foot for a house to be built.
That’s more accurate. It costs $100 a sq ft to build a deck here in VT
FL has a different building code. It’s typically CBS constructions which is more expensive than Texas’ code requirements.
He’s not including the lot in this so that makes a big difference in Florida where land costs are high
@@CMbassinthanks for sharing I’m in southern Indiana so that would probably be closer to what it would cost for me
I agree it should cost 141 per square foot if I build my own home. I’ve done the math over and over and that’s the same figure I come up with. But the three contractors I’ve presented my idea to gives me a quote that is over 60% more than my figure. That’s nothing but greed. Since when do contractors get 60% to build a modest home?
I need God to send me an honest contractor willing to take 20% rather than rob me blind. And I own land. What a shame!!
@@skellington2000 That sounds about right. Ideally I could personally build my own house sub-contracting out the entire project for 141 a sq ft. And I know I am able. But no bank is going to lend to me as the contractor. This is when it would be great to have one in the family or as a close friend. :)
Would to God we could go back to a time when you could homestead on your own property and do a “barn raising” with the funds you have like the Amish do.
Here in British Columbia it was a 3 year fight and has cost me $46,000 just for the red tape for the building permit on this small 1000sqft residence. 3 years and $46,000 in red tape and we have not even broken ground yet. We expect the cost of the red tape to be close to $100,000 by the time of occupancy permit. The red tape is by far the biggest expense, far larger than the cost of materials.
So true. Some locations in the U.S. have impact fees that have really gotten out of hand. What used to be a way to cover extra services used, has now become a method to slow down development.
I paid 75k for permission to build in Northern California. Even after managing the construction myself we could not stay under $320 per sqft
Baldwin County Al current build range is 175 - 250 / sf
Alabama??? wow rest of country will be 300$+
The 225,600 was the 1600 sq ft x $141 but at the beginning there was supposed to be a 450 sq ft garage that didn’t hit the math section. Not trying to complain, pointing out for clarity. Ti that point I never know how to factor garage sq ft to build costs
We managed the project all right.. 2000sq ft home built cost us $600k. $165k for framing
I just built a new construction in Atlanta for $138 sf with quartz top Kitchen and a couple other upgrades. But i knew some contractors already.
Would you be willing to share your contractors? My husband and I are in the process of looking for builders/contractors in metro Atlanta
Was this a brick house?
Pardon me pardon me... this shit slaps
How does this compare to years past and what is the prediction for the future?
Hello Mike, Would be able to provide / share an Estimating Excel spreadsheet, with detailed line items from Sitework to Landscaping? I am in the planning stage of the house I would like to build in Marietta, GA. Right now getting the lot surveyed and soil test done, though the lot is in a development and has all utilities such as sewer, water, power taps onsite.
He has an owner builder course where he breaks down almost everything from land to build. Great deal for the cost.
I hope these averages are close to my area in Eastern Idaho. I plan to purchase your course in another year prior to breaking ground next spring. Seem like my area is below the national average
Budget for more like $300-400 per sq. ft not including land. The more remote your location, the higher the per-sq-ft cost. $141 per square ft may get you dried in, but it won't include any finish work.
@@MsGenXodus idk where you’re from but it’s no where near that expensive here unless your going luxury. Most lots are still $75-80k with homes selling for 150-180/sqft. I’m hoping to land in the 130-140 range doing portions of the labor myself.
How and where do you find subcontractors for foundation form & pouring, framing, plumbing, drywall and others?
Drive by build up neighborhoods and offer a crew a side job
Non-expert general contractors get screwed by their sub contractors on quality. One of the hallmarks of a good general contractor are that they are able to evaluate the work of subcontractors and are in a better position to judge it than an owner who has not worked in the trades. This video overlooks this substantial risk.
This is why owner builders need to get educated prior to building their own home. It's not rocket science. The good trade contractors will do a quality job either way. You need to learn how to find the good companies to perform the work and learn what to look for to make sure you are getting the best quality possible.
Hi Mike, Unable to log into my account for Open Book Build. I have the course bought. I bought it about 5 months ago. I could not find a email on site to send an email. Please advise
Hi Michael!
I want to build my own house however I have no knowledge related.
Are you able to give us step by step guidance from starting to end please?
Thank you!
He has an open book build course for owner builders. Very thorough, totally recommend.
@openbookbuild What would the per sf cost be if you built it on a full basement instead of slab?
On an 1,800 to 2,000 sq ft house, add at least $50K.
Say if i would like to build a smaller home around 800-1000sqft would $141 per sqft on average still apply?
The cost per square foot will go up. This is due to the fixed costs that are required with every new home build. Things like utility connections, permit/impact fees (some are based on size/value but many are not), driveway, well and septic if required...etc.
It's $260 sf here in Phoenix.
Thats super high. They r buildin for $125 - $200 in New Jersey and Philly
@@aeiou0123 yeah, new homes that range in 1250 to 1700 SF that sold for 165,000 5 or so years ago are now selling for 350,000 and up.... They are "starter" homes too...
It's $260 sq ft in central GA, too.
I want to build a 1448 sq ft home, no frills, but turn key. $378,000. I have the land, well and septic tank will be dug.
I'm looking for a builder who can do it for less...I'm already changing some choices in the plan.
@@Lynnpaperweight so, my suggestion is to do it as owner-builder. Hire each sub contractor to do all of the undergrounds, foundation, framing and get it finished to drywall stage and get your Certificate of Occupancy. You'll need to at least get it to a finished bathroom and kitchen to get C of O and if you can live without the finished carpentry and finished flooring, you might get your costs below that $260 sqft.
at this rate, it will take approx 60 years to afford to build a house like this if you saved every penny and made 18/hr after taxes.
Do you do consulting work for research with local costs and markets?
Not in Florida. $300 sq ft on the coast.....$175 sq ft in the country. And that's not a high end home.
Nope. Per the cost data, you can build this home in parts of Florida at or near this price as an owner builder. I just did a quick google search and found several similar new homes, built by a professional builder, for sale at $150 per square foot.
@@OpenBookBuild We are in the middle of the process right now so we are very familiar with the numbers.
CBS construction is more expensive in FL. Building code is most strict here in south Florida
About $20/foot too light for my costs as a GC. Then expect a 1.67x markup. A white box runs $270/ft and an actual house? More like 350+
Thieves
Yeah, but you have greed in your heart.
What is your opinion about barndominiums
Yes lord Jesus please put back the buildings you were building downtown across from father joes village 🙏🙏♥️
You are better buying one definitely not saving anything
Start saying the cost of a home... then.....add into it a " dream home " ??? So...whats the cost of a basic " home " with out the extra cost such as a fire place ?? Please its not needed... nor is an attached garage ! So.whats the real cost ?
Just had a neighbor try to " give " away a house.......because of road construction. After a year and a half......no takers he trashed the home . People expect too much !
No way you are halfway in price in utah …
Depends on what you are building and where. You can build this house in parts of Utah for this price.
I built a house in 2002 because I couldn't afford to buy an existing home. I did 40+ hours of labor on the home every week while holding down a full time job (working at a bar). I was also the the GC on the project. The cost for construction (it was a VERY cheap house, think Habitat for Humanity style of basic materials. I bought refurbished and 2nd hand items when I could find a good deal) ended up being $146 per square foot. In the end, I had 35% equity in the home, and a reasonable mortgage payment of $1400/ mo. This was all in, including land, system development charges, construction loan interest, etc.
This is no longer possible. If I was to build that exact same house today, the rates would be double based on materials costs, labor costs, and the exponential increase in permits in the state of Oregon.
If you can do this, Armchair Builder, prove it.
If you would like to see an example of a house with a basement and finishes that are higher end that we are talking about here, check out the house we built at openbookbuild.com
Anyone want to JV on a new build in Miami FL?
It's a 300+ unit skyrise, 11 multifamily homes, and a few others!
Builders are like slightly glorified real estate agents. Neither are truth, or worth anything until proven innocent. They’re out for their own dollar.
Hi can you make a house for me? I will pay you. thank you
i just built a house and this is not accurate. with all hired labor? no way dude
The video explains the markup home buyers are facing and up charge subcontractors charge
These are national numbers. Unfortunately, some locations are very expensive and don't fall within the averages.
Where did you build? Louisiana? Or California?
@@thekiller500099 You can build this in Louisiana
So what was the price?
What country is this available? In the United States you're looking at more like $300-350 not including land.
Not everywhere and it depends on home style and size it's people getting 125 to 250 per SQ on tiny homes or certain style cabin or barn barndo homes.
Making up stuff! Lol 0.3acr lot in Dallas suburbs costs ove4 $300,000! Material cost is much higher currently, add taxes, builder insurance, redoing things, etc I say add 40% to your estimate
Yeah my lot in the center of manhattan costs more than a lot in the middle of arkansas, wtf
@Austin-fc5gs yeah I'm from Manhattan but now in the bronx land is up there everywhere but it's cheap land out here everywhere as well
If you pay attention to the video, the number doesn't include the lot/land. There is just WAY too much variety to include that in a cost to build number. I can show you a lot that is under $10k and one that is over $3 million...for the same size...but much different views ;)
I wouldn't listen to this comment. Clearly, a planted troll trying to stir the pot. Their channel is full of Russian propaganda aimed at making Americans discontent.
"What??? How can my shitty suburban home in 'X City' cost *MORE* than the national average??!?"- Retards
This video is so bogus. Right from the get go where you say “Managing the process yourself, not doing the work assuming you have a day job and don’t have free time for that” obviously you’ve never built a home if you’re under the impression you can manage the project without being there
I’ve built over 2000 homes. Thx for watching
@@OpenBookBuild ok so you’re 1000 years old?
@@CMbassinyou’re embarrassing yourself stop. You can build more than. One home a year if building is what you do for a living. 😂
@@amechecameron3217 yeah I gave this guy the benefit of the doubt by saying he’s doing 2. If he did one a month he still can’t build 2000 houses. What is wrong with you guys?
Most builders who have been doing it for a while have on avg 7-30 homes a year dropping like it's nothing. And some of their houses they only visit 1-2 times a week in maybe 30mim increments. So I'm sure he has done well over that. When hiring a builder, you're not really hiring him but his subs because most builders that throw houses up aren't touching anything. They are simply looking at the budget and keeping the build on track ordering, talking to subs, calling in inspections, etc. Very few of them actually work on the house.