In California that exact house plan is selling for $2.2 million. Nice to know it costs just over $300K to build. Thank you for this.

@tjlift22

2 жыл бұрын

It’s the dirt that’s so high in California. I would say move and all the BS inspection California has

@TeslaBoy123

2 жыл бұрын

Hahaha not is a big joke 300k is not even for materials today 🤣

@chokeeartist

2 жыл бұрын

Prices fluctuate but building a 3$ million home in Arizona will be like building a 25$ million dollar home in California

@xlilsasuke4x

2 жыл бұрын

You kinda also need the land….

@watching789

2 жыл бұрын

You mean los angeles because in Bakersfield this cost 550k

Thank you so much for this I finally found a video that truly breaks it down

It should be mentioned that there is a HUGE variation in price of materials based on quality. You can purchase a window package that is $5,000 or you can easily spend $35k+. We've seen price ranges on cabinetry from $28k to $75k on the same exact house, just changing quality and manufacturer. I couldn't imagine being in a market where you can markup homes by 30%.

@markw999

Жыл бұрын

That's what I'm wondering. Garbage in, garbage out.

@inquisitvem6723

Жыл бұрын

Unwarranted huge markups using the pandemic ‘supply chain shortage’ as excuse.

@searthngeam

11 ай бұрын

So you expect these builders to sell the hoses at cost? Just curious, where do they get money to build another home? Where do they get money to pay their people?

@gunfu4481

10 ай бұрын

​@searthngeam 30% after all the workers, materials, and fees are paid is bogus.

@searthngeam

10 ай бұрын

@@gunfu4481 if you don’t mark up, Then all you did was break even. Where do you get money to build another home?

Amazing video, very well planned out. Love how thorough this video is.

@bubbajones4522

9 ай бұрын

Agreed...well done. A proper final rule of thumb would be X2 for labor plus land.

The cost of a semi-custom or custom home will vary wildly depending on land cost, materials used, finishes in the house, and maybe turn around time. You can estimate (or purchase) a lot. Find a semi custom home builder that has a model for you to view and request a quote. A lot of times with upgrades and building houses you have to just set the budget and build the house to that budget. Its a lot easier to say to the builder I want a house built like this quality with these finishes, but this wall moved, an extra garage, and adjust from there. The more specific you are the tighter the range of the estimates. At a minimum you should be able to know the cost of the land. Also, you can work with an architect. I think you need to ask the question the other way around. Instead of "how much money do I need to build this house". You should ask "how much house can I build with this much money. "

@lyssanc

2 жыл бұрын

R CC

This Looks very nice,Good job,well done. Thanks for sharing the details with us.

This is so helpful! Thank you!

This is quite helpful. Thank you for this

You would think that if you Google how much does it cost to build a house videos like this would pop up 1 million times. And that's just not the case this was fantastic thank you.

Housing is insane compared to what it used to be. I grew up in a 6 bedroom house (far bigger than this one) that cost 12k, or just over a years pay when purchased. You can't buy anything for that cost now, let alone anywhere to put it. I seriously doubt this is what anyone thought of when they said "The American Dream" years ago. Things have progressed so disproportionately over the years, that it is scary. Going from just over a years pay, to 6 to 30 times that just to simply put a roof over your head... Yep, that's the American dream we have today... More like a nightmare, that somehow has been passed on as normal.

@coreyj.7776

2 жыл бұрын

@Laura Brown yo ass is everywhere!

@yakzivz1104

2 жыл бұрын

You are absolutely right and it is being done on purpose.

@tonycampbell9626

2 жыл бұрын

And the Banksters are slapping high fives to each other and laughing their asses off.

@wowzers6178

2 жыл бұрын

@@Wanderer2035 umm sorry, it actually happened under both and it started with Regan deregulating the banking system. It's BOTH party's. It's not Dem v Rep. It's us v the 1%. They create the laws. The 1%. You are focused in the wrong place.

@OuterfleshEntertainment

2 жыл бұрын

@@wowzers6178 No he’s somewhat correct, but the actual origin of the problem came about in 1913 when we left the gold standard, and was complete during Nixon who took us off the gold standard entirely. Democrats and Republicans are financially backed by the same rich donors. The real problem that caused this was greedy rich banksters overtaking our political system. However what’s truer than that, is that it’s OUR fault for not following the constitution and standing up against them. But everyone is so concerned about their political party preference, that we chose to believe all the lies and fight ourselves instead. Moral of the story, it’s only getting worse and will continue to until we starve and we are actually to blame. Critical thinking is a thing of the past sadly

Very educational. Great content.

Great video, it also depends on the general contractors, few of them in my area bring out the pricing sheet even for a small screw but the company that built the home was very accommodating. 1669 sqft 2 storey slab 2 car garage, MBR in 1st floor and 4 bed rooms upstairs including a small deck balcony was 222,500 including 16,000 sqft lot.Location Indiana

@deliveryguy317

2 жыл бұрын

Would you mind sharing your builder please? I live in Louisville

@malli1710

2 жыл бұрын

Sree, Please share city/location in Indiana. Thanks in advance.

@khietnguyen9505

Жыл бұрын

No way they can build it under $250k now

@pudanielson1

Жыл бұрын

That's a great cost for a 1700 sq ft home, happy for you

@norwegianblue2017

8 ай бұрын

I have a San Diego 1950s 3br, single story, built over a crawlspace about 1700sf with non-luxury finishes and appliances. It's basically just a big rectangle. The insurance company just reevaluated the cost to rebuild at $550k, just for the home itself.

Brilliant. This channel should get million subscribers soon.

Thanks for sharing information..watching from Florida.. I am going to build a dream home in the near future

I'm building my new house right now and I got so fortunate for lumber prices to drop down drastically right when I ordered my lumber package. Saved $20,000 ordering my lumber package when I did 😅

This is SOO helpful. Give me all the confidence that I need to pull this off.

@tonyalston4838

Жыл бұрын

Details ?

@BimmerWon

Жыл бұрын

Did you pull it off?

I live in Ohio and this was very helpful! Thank you!

🙏❤️🔥. We are just starting out as owner/builders....so I happened to come across this video. So neat that you have a course....will have to check it out!!!

@PLAYAWORLDRecords

2 жыл бұрын

kzread.info/dash/bejne/da6s1qd7f7Cpddo.html

Thank you for this video. I could have watched another half hour of this information.

Love this! Thank you for the good info :)

This was excellent!

A very well produced video, to the point and informative!

So helpful, thank you for this!

Thank you for the lovely video!!! 💜💚

Excellent information.... Thank you

Informative, helpful, and concise = NICE! Thanks for the video.

What an absolutely beautiful home. Genuinely considering this plan

@amandacunningham3125

2 жыл бұрын

same just without the basement

@inquisitvem6723

Жыл бұрын

I don’t like hardy plank siding. I would prefer brick all around.

Here a tip if your planning on building a home instead of hiring a company to build it for you find people on the side to do each thing such as foundation block laying etc only go with a qualified company for serious items such as electric heres an example I have a family member who does stucco on the side for a normal sized home he charges around $6k+ with material compared to a company who'll charge well over $10k

@9x19freedom

2 жыл бұрын

@The Big Fat Bastard im not into construction this is based on family member telling me prices who work in those jobs first hand

Trying to build around Trumbull county Ohio! Thanks man! Great video

Good info man, thank you!

Wow! Great information and video, thank you.

Excellent presentation, Michael! Excellent!

Only the Most High brought me here thats all I am going to say thank you for be of service Michael and Open Book Build Loving what am seeing on this channel so far

I always wondered this. Thank you.

Very helpful information..... thank you!

Thank you Michael

In Vancouver Canada where I am from you would pay 300k to your architect and the city in fees/deposits before you even broke ground. Finished homes run around the $500 a square foot and up to build. One project I worked on the client spent over $4000 per foot to build it. Houses cost about $1200 a square foot to buy in the less desirable areas of the city and well over $3000 in the nicer areas. There is also so much red tape and regulations that houses (Especially the most expensive ones) often take 5-6 years to complete from submitting the drawings. Now we have a housing shortage because nobody wants to go through the nightmare that is building a house in my city.

@pongort246

2 жыл бұрын

contractors all quoting me between 550K to 650K to build a 1 1/2 story 1772 sqft house so I know the struggle.... Cheap houses don't exist in Canada anymore

@ImVeryBrad

2 жыл бұрын

I have alot of family in Van. that place is nuts. my dad also grew up there and hated it

@warrenhicks6120

2 жыл бұрын

We looked to building in MB, and lot costs were around $180k in the area we were wanting to build in. A good level of finish, custom bathrooms and cabinets, ICF basement, R-2000+ building standard or better (R-50 in ceilings, R-28 or better in walls, triple pane low E windows, heat recovery systems, etc etc) brought the price up around $350/ sq foot , minimum. Landscaping, 2nd garage, etc and now we are up around $1,000,000 to build a 2000 sq foot with basement on 2 acres. Bought a 3 year old house at 800K and we won't look back.

@justthink5854

2 жыл бұрын

in '90 i built a house north of Vancouver. 3,200 sq ft on a crazy lot. asked $400k finally sold it for $320k (housing crash). still made little money, but boo hoo. what an adventure though!

@lunam7249

Жыл бұрын

Van. Canada is an expensive dump!! Young Chinese superich made expensive all things

Great video This is a house style I really like Great house plan Beautiful design and we have menards right by us

Thank Michael 👍🤗

This was an awesome video, just subscribed.

Wow high value info. This kind of information would cost 💲 💲 💲 lot of money 💰 in 90s . Thank you for sharing 🤙

Just before the lumber price sky rocketed, I built my 3/2, 1600 squ./ft., home , When I am totally done I will have $65K. Now I did all the labor myself, spared no expense, but it really baffles me, the prices of homes in certain states, they get boxes that are not even made of real wood and stone. Great video, thanks for sharing. Central Texas area here, near Austin, and let me tell you, with everyone moving here, things are crazy and not in a good way, a lot of old folks can not pay the new and unlawful taxes on their homes and will likely lose them soon., hopefully the Amendment will pass to ban taxes on 65 and older.

@GhostZodick

2 жыл бұрын

I say the government have no rights to charge significant amount of property tax simply because the market went crazy. If a person bought the property 20 years ago, and his income didn't increase as much as the property price, he should not be taxed based on current market price. He has a right to maintain his lifestyle.

@sickre

2 жыл бұрын

Oh, those poor old people with their huge gains! Boohoo, if they don't like it just sell up and move to Florida. Property taxes are great for keeping the housing market efficient and land properly allocated.

@tjlift22

2 жыл бұрын

@@sickre where do you live that you love paying property tax

@JoeR203

2 жыл бұрын

@@tjlift22 Probably in a state that has no property tax for senior citizens.

@tjlift22

2 жыл бұрын

@@JoeR203 me be

this is really great information!!

Very informative thanks u got a new subscriber. Even tho building homes in Toronto is alot more it gives u a good idea

Hey! Great video. Maybe I missed it, but did you factor in the concrete cost for the driveway, garage, sidewalk, and exterior steps?

Great video, thank you.

I stopped about 4:30, but kudos. you address everything in your criteria

Great video!!!

Arkansas. I'm having a 1,616 sq-ft house with a 21x21 2 car garage built now(2021), rear is 8 ft tall, front 2.5 feet, slab filled with orange/red dirt, turn key including painting and insulation, granite counters, oak cabinets.... everything included except flooring and appliances... $224,890

@gustiable

2 жыл бұрын

wow that’s actually kind of affordable

@gustiable

2 жыл бұрын

thats like three times cheaper than what real state will sell it to you

@michaelkosanovich8726

2 жыл бұрын

That sounds great! Especially with material costs going through the roof

@yakzivz1104

2 жыл бұрын

this seems to be a little high for a 1600 sq-ft. home in arkansas though. I'm sure it is beautiful.

@freddyhollingsworth5945

2 жыл бұрын

@@yakzivz1104 yes, 2 CG as well.. Lots of foundation work also.. fill dirt..

Thank you for showing this! The house is very nice all in all

Thank you for sharing.

Wow. Native California here. I am blown away...

I've been building and rehabbing for 20 years. I've accounted for every dollar on every project and if you can get material/labor ratio to be 50/50, you've don't great. 40/60 material/labor is about the tipping point where you're paying more than you have to. You can't accomplish these ratios paying a middle man (GC). In this video, the ratio he prices is $132k material & total is $431k ($332k labor/material + 30% GC fee) which comes to 32/68 material/labor ratio....probably about right.

@pavlov2085

9 ай бұрын

What do you mean about right, if anything over 40/60 is too high?

@WorldInANutshell

8 ай бұрын

@@pavlov2085 i don't mean 'right' as in good. i mean 'right' as in accurate. he priced accurately...what the market prices at. the only way to get that priced lower is to eject the GC from the project.

Great info thanks

Very interesting and informative.

Thank you sir

Awesome video thanks

great video!

Great video, honest cost

You look like a very honest Man and that’s something we don’t have very much of here in California !!!! Lol 😂

Currently building in PA and I’ve got 20k in engineering, perc test, land surveying. 30k for eljen septic system, had to do extra wide footer bc of soil compaction requirements,(2k extra) builders generally spec cheap to medium everything so everything is generally a upgrade. Let’s say another 30-40k for our house. If your thinking about building I would recommend doing a deep garage we went with a 25ft deep three bay garage so we can pull our suburban and truck in without issue, I had a track home before this building and couldn’t fit a standard pickup in the garage

@laricagrant9306

2 жыл бұрын

Where in PA are you building and have you compared your labor and material to what the Amish in Lancaster offer? I’ve been thinking on this for some time.

@mikenguyen8778

2 жыл бұрын

Agreed that at least a 24’ garage to fit a full size truck or suv

@tyregalaxy28

2 жыл бұрын

I live in pa what area are u building I'm thinking of doing same

@jeffsmith7840

2 жыл бұрын

@@tyregalaxy28 I live in the Lehigh valley. Bout a hour north of Philly

@jeffsmith7840

2 жыл бұрын

@@laricagrant9306 went to check out a builder that basically has all mennonites an Amish do the work and they were basically the same price but didn’t want to build a custom home they wanted us to pick from one of their spec designs which we didn’t like any of them

Good morning. I’ll like to know if I can build a home base on concrete blocksin Houston Texas. Concrete blocks are cheap now

I just got a quote from a GC in San Jose for a house like this one, 2500 sqft living area, 500 sqft garage. The cost is $800,000.

What would the cost adjustment be for the greater Houston and Austin areas? @armchairbuilder

Hello and thank you. My question is; what computer drafting software to use for myself to design and drat a home? Keep in mind I did down load one last year ( yes a free one) and it took my computer for a ride. I am braver now or smarter now that I am asking for help. Thank you in advance. Phil

We need more of these 🫡

One thing that definitely needs to be passed on to all home builders is to keep up with their nails and refrain from dropping them all over the roads and streets! Nails need to be tucked and stored away in safe storage compartments. Commuters shouldn’t have to purchase new tires or sets of tires simply because home builders, other builders, and construction workers are dropping nails all over the place!

@kryptik0

11 ай бұрын

What a silly comment.

I was pleasantly surprised you priced this for Cleveland, since that’s where I’m living. There’s a plot of land in a nice suburb that costs almost 200k for just the land! It’s only about 9k sq ft of land. It’s pretty discouraging.

I'm working on my third home this year (General Contractor / Builder in Texas) where the Homeowners were the acting General Contractors on their new custom home construction project. In every case no matter how many KZread videos they watched or books they read it did not work out well for them in the end. In two of the three cases the homeowners are out of money and their homes are not completed and what is completed was not according to plans they purchased. My advise to people who are thinking of acting as their own General Contractor is to figure out how much money they can afford to lose if things go bad and still have enough money to hire help and complete the project. If you can't afford to lose much or any money hire an expert who does this everyday for a living, hire a General Contractor / Builder, it's well worth what they charge.

@OpenBookBuild

2 жыл бұрын

Owner builders definitely need to learn everything they can before starting a new home. It’s not an easy process. On the other hand, I can give you a handful of people that actually did hire general contractors to build their new home and they were totally unhappy with the experience. Unhappy because of a blown schedule, over budget, poor quality…you name it. The moral of the story is…do your do diligence whichever way you decide to go.

@johnlegresley4353

2 жыл бұрын

@@OpenBookBuild We hired a general contractor for a reno, promised it would be done in 6-9 months and costs would be around $235k. We still not finished over 16 months later, and have sunk over $400k. They always say blame it on Covid, but didn't he know that last year?

@gmagam

2 жыл бұрын

I'm working with a general contractor in TX however their business model allows me to choose my own subcotractors if I want to so I have control over Quality and pricing transparency with no mark ups. They charge a set fee per sqft ...They will oversee the first half of the home construction up until sheet rock then u will manage the rest. However their build cost estimate seems high ..since lumber prices are falling I'm wonder how accurate this estimate is on the bright side I'm glad I'm getting a worst case scenario ...

@salmahsjourney3801

2 жыл бұрын

@@gmagam I’m looking to do the same in Texas. Can we link up pls? 🙏🏻

@lunam7249

Жыл бұрын

Great advise!

Thank you for sharing this valuable information in a clear way that even a knucklehead like me can understand.

my work is architecture. yes there are builders that, gasp, make a percentage markup. construction, nor most every business, is not a charity business. under valuing professionals is pretty typical from people that think people don't understand what is involved with trades, scheduling, overhead, etc

@OpenBookBuild

2 жыл бұрын

I totally agree. I'm a builder and have made very good money building homes for other people. But much like a chef that shares recipes for people to use when cooking at home, the "owner builder class" is about giving people the option of "cooking their own meal." Building a home is much more complicated than cooking most meals, but it is something that people should have the option to tackle themselves if they so choose.

@BbBb-pn9rt

Жыл бұрын

Which city are you in?

Wow great video

👏🏾👏🏾👏🏾👏🏾👏🏾🙏🏾🙏🏾🙏🏾💯♾👍., Great data, Micheal

Thanks for sharing

I live in Bergen county New Jersey and I own a 1950 Cape Cod. Per my insurance company, to rebuild my house would cost around 310K. Of course, it can go higher than that. That said, the land which is 4900.50ft^2 in this area is around $320K so it's a good deal.

@irbose9895

2 жыл бұрын

Builders in Bergen county would laugh at this video

@mikeg7750

2 жыл бұрын

The lot of my home in Paramus is 440k and to rebuild the 1960s house was above 410k. I was considering it, but can’t find a contractor or crews for months, and materials are very expensive now

@walterdiaz2003

Жыл бұрын

@@mikeg7750 I agree. the insurance company increased my premium because of inflation. It's unbelievable.

Great video Micheal, we're based in Ireland ... really interesting to see the comparison across the globe!

@OpenBookBuild

2 жыл бұрын

Glad you enjoyed it!

How much does it add to the cost if you live somewhere with clay soil? I have never even seen a house with a basement in my area, so I assume there's some difficult adjustments to keep it from breaking when the ground shifts.

@justthink5854

2 жыл бұрын

best solution for that may be a floating post tension slab. clay soil can go down 100+ ft, so piers wont help.

Any resources you can share would be much appreciated for me to consider buying in the greater Bay Area in California existing homes vs buying land and building including installing a lap swimming pool and spa facilities (sauna and jacuzzi). Looking at minimum 4 bed room and 3 baths with a separate guest cottage (min 900 sq ft).

To build a house in California and owner build excluding cost for the land or demo existing its approximately $200 per SQFT so this house would cost $511,000 to build. The cost would increase in San Francisco or San Jose.

@curtissharris8914

2 жыл бұрын

Where does permits come in and do you have a CA estimate? My contractor said his cost now 225 $ per sq ft but I always get confused as to what that doesn't include.

@adkid683

2 жыл бұрын

@@curtissharris8914 Do you mean using a GC to manage entire build out?

@curtissharris8914

2 жыл бұрын

@@adkid683 no I mean where is permit costs, site costs, design costs in the estimate?

@adkid683

2 жыл бұрын

@@curtissharris8914 It would be part of the build out cost. If you are the owner builder you would have each trade provide proposal and you could pull the permits yourself, or they will charge you. It would take some learning.

@curtissharris8914

2 жыл бұрын

@@adkid683 right so when you say cost to build is 200 sqft then that excludes land as you said and permits, lot costs, utility costs

Nice home. I shoud look into moving to TN. I only need a little bungaow and enough dirt to plant greens.

Built three houses in AZ. First one was 1564 Ft. Ten foot ceilings with 8 foot doors. Nice ceramic plank style flooring and quartz countertops...Midgrade cabinets. Moen fixtures throughout..$116.000.00 material cost...$38.000.00 labor cost.$49.000.00 land cost. $203.000.00 Total. Sold for $289.000.00 after 6 months of construction in 2020.

@jamiex6072

2 жыл бұрын

Wow that's amazing. How you compare that to now.

I built 4 spec homes in AZ between 2016-2017....The average cost to build was around $78 a sq ft...minus the land and permits....I subcontracted everything out except the plumbing, painting and landscaping..

That’s really an awesome detailed video for someone very new to Western real estate. Just a request if you can do a same video for Ontario, Canada ? Or do you offer your services in Canada, Ontario ?

Nice to know thanks

Thank you

@armchair builder do house plans typically come with this level of detailed materials list like Menards? I have been looking at floor plans from 2 companies that simply state that a material list is provided. My goal is to price match and purchase materials as needed. So I am looking for a breakdown of how many 2x4s, how many drywall panels etc..I am not near a Menards in Georgia.

@deilapakserrion9927

Жыл бұрын

i can tell you most do but are not 100 percent actuate as building codes vary from location to location, the plan I have state for trusses at 24 oc but my local code requires 16 oc, they state 2x4 for all studs but my code requires 2x6 for exterior and plumbing walls. the list is a good place to start though.

Nice looking house.

I need this one!

It would be very nice, if you made a video about the yellow house at 1:02. I really love this house!

Hi. great video. a quick tip for background static noise fix. Adobe audition - noise reduction effect is a quick and great fix. Cheers.

You're the best

Omg I didn't know that videos and channels like these exist on KZread! Awesome, subscribed.

Love your video. Do you have any video talks about financing such project for a typical builder and family?

We are ready to either stick build or A cape Modular in the Celina, Tn 38551 area and cant find either there. Any sugestion on a Modular company that will erect one in that area

Awesome

Your awesome man for talking about all this

In America the no 1 problem is labor cost, some greedy companies using JOSES (low paid immigrants) and making millions of money. I asked to install a Tap in my garage the contractor told me 1.3K is the cost, I asked the JOSE who came to do the estimate, Can you do it by yourself later? He came back and did it for 200.

hey again. at 5:09 you are standing in front of a basement.... 1.. is that the basement for the kincaid plan? 2..trying to orient myself. so the garage would be to the right? 3.. looks like a walkout basement, right?

@OpenBookBuild

2 жыл бұрын

You can check out the house plan at www.advancedhouseplans.com/plan/kincaid

Wow you are absolutely amazing for this! I’ll definitely be in touch

Life long builder here and it doesn’t work like this, average is $200-$300sf even using Menard’s materials. Just saying. If you get the kids in the neighborhood @$10 hr and one guy making $20hr, maybe your price 20 years ago at $130sf could work. Wish everyone the best and good luck as your own GC. Better to get the cheapest local contractors that build dozens or hundreds a year and then see what they are selling those same houses for and you will be able to determine your local market. Cheers