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How Much Does it Cost to Build a New House: Itemized Costs 2018-2019

By | December 10th, 2018|Home Construction, Land Development|

The cost to build a house includes a large number of components and variables based on site factors, design and materials. There’s a lot of information to tackle, but that’s what we’re here to do. You won’t find a more comprehensive, itemized list of costs for building a home from initial site work on a vacant lot to the finished product. This home construction cost guide covers: Land development costs and fees Foundation costs Framing costs Exterior finish costs such as siding and roofing Interior rough-ins such as plumbing and electrical Interior finish costs from drywall to flooring, cabinets and countertops Final grading and landscaping Driveway and deck In each section, you’ll find: a price range and an average cost for that phase, factors affecting cost, percentage of the whole cost that each phase represents, potential pitfalls and a timeline for each phase of development and construction. Average Home Size According to the US Census Bureau, the average size of new homes in 2018 was 2,500 square feet. That’s the size we use for the average costs below. Let’s jump into residential home construction costs from start to finish: Residential Construction Site Work Cost Average cost: $14,355 Cost range: $10,000 to $25,000 Share of total home cost: 5.6% Overview: These are fixed costs regardless of home size. This phase involves the work needed to make vacant land habitable. Engineers inspect the property to determine whether it is buildable, where the home (and well and septic field, if applicable) should go and how the site should be graded for drainage. The more complex the site and home, the higher these fees will be. Water on the property typically raises the costs significantly, as an impact study must be done. The design, engineering and studies are often done for entire developments, so the absolute costs might be higher, but cost is less on a per-home basis. Time frame: 4-10 weeks depending on the complexity of the inspections and engineering and the workload of the engineers Potential pitfalls: Finding wetlands on the property or a water table so high it prohibits building or the installation of a basement or standard drain field, delays in getting site reports completed or plans approved. Here is a breakdown of the average costs of the steps involved in permitting, planning and preparation process: Permits, fees and inspections: $3,650 Impact study cost, if required: $1,750 Architecture & site engineering fees: $4,600 City water hookup: $1,500 or Well: $4,500 City sewer hookup: $2,300 or Standard septic system: $3,700 or Engineered (mound) septic system: $13,500 […]

How to Build a Custom Home: Step by Step Guide

By | November 24th, 2018|Home Construction|

Building a house tailored to your vision of what a home should be won’t be as intimidating when you understand the process, plan thoroughly and enlist experienced professionals. This step-by-step guide to custom home building walks you through the process from planning your dream home to moving in! The guide begins with an outline and moves to a more detailed description of how to build a custom home. Big Picture Planning and Land Spacious three-bedroom home by Turner & Son Homes There are four questions to answer in the first phase of the project. The answers will give you a clear path to designing and building your home. What is your home building budget? When do you want to break ground? What style home do you want? What parcel of land has the right location, features, size and cost? […]

10 Steps to Planning a Successful Home Construction Project

By | August 7th, 2018|Home Additions, Home Construction|

Building a home, even if you never swing a hammer, is a daunting task. But like a journey of a thousand miles, it begins with a single step. In fact, there are just 10 steps to building a home. Breaking down the process will prevent being overwhelmed by the whole. Not all these of steps apply in every case, so your journey might be a little shorter and less expensive. […]

Cost to Build a Net-Zero Energy Home in 2018

By | March 11th, 2018|Green Home Ideas, Green Living, Home Construction, Net Zero Energy Homes|

Every year, net zero homes are built across North America at costs about 10% higher than the price of energy-hungry homes built to code. That is a fact. Components of a net-zero energy home via Heartland Homes With energy savings of $125-$200 per month, zero-energy homes quickly recoup the extra cost involved. From that point, the ROI is 100%-plus! The Cost of a Zero Energy vs. Standard Homes Many are skeptical of the claims that zero-energy homes can be built affordably. The details are below, but here’s the bottom line, for today’s average 2,400 new-construction home: Standard home: $240,000 Net zero energy home: $263,500 Here it is by the square foot, so you can apply it to any size home you are considering: Standard home construction costs: $100/square foot Net zero energy home construction costs: $109.80/square foot Let’s see how this is done. We’ll look at: Green or Energy Star vs. Net-zero homes Costs common to all home construction Upgrades that allow a home to be energy-neutral Ways to save money on net zero home construction costs […]

How Much Does It Cost to Build a Green Home?

By | February 20th, 2018|Home Construction|

Building green is no longer just an environmentally responsible approach. It is now a cost-effective approach too. This is a critical point in the green building movement that will likely lead to more rapid growth than we’ve seen. Environmental and Economic Reasons to Build Green How much does it cost to build a green home? Zero energy ready homes cost more to build/buy, but far less to operate. Here’s a look at the trade-off. Depending on the size of the home, the capacity of the PV system and other key components, recent studies have found: 12% to 20% | Green home/zero energy home building cost above homes built to minimum code, before rebates and tax incentives About 5% | Green home/zero home building costs above code, after current rebates and incentives $1,500-$1,800 per year | Total cost savings when reducing/eliminating energy costs is balanced with paying a slightly higher mortgage (assuming there’s a loan on the home) A comprehensive study by Efficiency Vermont concluded an impressive list of annual energy savings above code for net zero ready construction: Single family: 67% Duplex: 61% Quadplex: 57% Office, open floor plan: 72% Office, closed floor plan: 74% The bottom line for long-term housing costs is that lower energy costs for a green home allow homeowners to recoup the higher purchase price in four to eight years. — That’s a very short payback time. From that point forward, homeowners get the best of both – a green home and lower total expenses for mortgage and operating the home. And if they do put their home on the market, it will likely sell in a shorter time and at a higher price. Itemized Planning and Permitting Costs for a Green Home Here are common fees and what they cover. If you’re working with a building contractor on a lot that is part of a neighborhood development, these costs might be included in the sale price of the lot or home. Site plan: $100+ | A site plan is a scale, computer drawing of the lot you intend to build upon. It shows existing natural features plus placement of applicable features such as the house, driveway, walkways, deck or patio, outbuildings, well and septic. […]