New Home Cost Breakdown

Are you interested in building a new home? Wouldn't it be useful to see what new home costs are currently for each major phase of construction? That's exactly what we did in this video. We've broken down the building costs for the foundation phase, house shell, rough mechanicals including electrical, HVAC, and plumbing, interior finishes, and driveway. These numbers came from a survey of 49 pro builders located across the country. We also include the current builder markup as well as the overall cost per square foot for labor and materials for a new home.

[onedaback]

Thanks Michael, appreciate all the info.

[dollydog]

These videos are SO helpful. We do plan to take your course in the Winter.

[nwrhaner]

Can you do a min/max price comparison for some differing regions? Like a case study for Los Angeles area, and compare it to rural Appalachia for example. That would be excellent to get an idea of price range.

[GLAlex]

Thank you for the great videos and information that you provide. Question. The house in the video behind you! I love it, where can I check out that design?

[freefoodtv]

Hey, put you link in the Descriptions of all your videos. This way someone can easily click instead of having to type it in.

[satariyo]

what percentage of the work is labor as I'm looking to cut all the labor down as I will be securing several licenses and don't need a electrician nor plumber nor hvac and of course no contractor. Also, I will likely be building house structures that don't in my state require a architect approval. Also impact fees are illegal in my state.

[armintahoori]

Thank you so much Michael as always for your great channel.
Do you have any information about the average cost of construction in California specifically Los Angeles county?
How can we get those info?

[YogeshKumar-pnny]

What is cost of home construction in maine our land is 0.75 acre

[justkeepingitreal]

The problem I keep running into is all the builders I talk to want to charge the exact same cost per square foot as if I bought one of their custom turn key houses but I already own my land, already have all utilities and am doing my own dirt work and landscaping and driveway. I even broke down the cost on one of their lots and all other mentioned stuff and he claimed it would still cost the same to build it on my lot.

[tmo]

I live in Alabama. Oh, how I wish I could build my 2, 465 sq ft retirement house for $200.00 per sq ft! Everyone I know who has built homes around here say it's over 200$ per ft now.

[rangerdoc]

"impact fees" = an extra charge for all the stuff that you already pay taxes for.

[MrTamshin]

I have given up on building a house or buying anything new. Prices are crazy. I'll just stay where I am.

[tudortv]

I want to sign up with you but not sure how your pre-recorded material will actually help me.

[robbiejames]

Average home being over half a million dollars…. With interest rates you’re paying over a million dollars over a 30 year span of time. WHAT A RIP OFF!!!

[epg]

Great video! I live in New mexico and prices has gone so crazy its hard to build for under 200$/foot using a general contractor and anything custom or half decent youre looking at 300$/foot and then anything super nice like 500-1, 000 foot build cost only not inlcuding land which is 50k at cheapest with utilities but not in town, 100k in town average decent area lot but not prime location and tiny and minimal views or 200k for something quite nice or 500k-1.5 million for something amazing/unbelievable. Its really painful. Im trying to build but seems daunting. Hard to generate equity using a contractor. Paying more to build than the house will appraise for it seems 😢

[DaveBateman-gcte]

A very helpful breakdown on the different phases of building a home - greatly appreciated.

[jalalabdulkarim]

Does the 2561 SF include the Garage square footage?

[Curiousalex]

Anyone have any advice on where to start with hiring someone to direct the building of a house? Im lost on what to do after loan approval…

[Multipotentialitis]

What about cost of building an earthbermed home? If a lot has a hillside, doing a 1500sqft home dug into the hill, could reduce the amount of cost in lumber and the labor associated. Obviously youd have more in cost of concrete/site prep but that could be offset if the remainder of build is doable for an advanced DIYer. Anyone have thoughts on that?

[aldoogie]

This really depends on where in the country you're operating.