House Cost Breakdown: Difference between revisions
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(Created page with "=General= Generally, it's the 1/5ths rule: *20% land cost *20% materials *20% labor *20% financing *20% profit =House Build= *Foundation - 40% *Roof - 40% *Everything else -...") |
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*20% profit | *20% profit | ||
=House Build= | If you have land and decide to build with your own labor - you should expect to pay 1/5th the industry standard cost because most of a house cost is not the house itself. To build yourself is not easy, as it takes your time - but is very rewarding. It is also quite difficult if people have ''jobs''. [[Incremental Housing]] is a good solution - and if modular design is added - the process can be quite replicable. | ||
*Foundation - | |||
*Roof - | =House Build (structure itself, not including site prep or site finishing= | ||
*Everything else - | |||
These are very rough estimates. See Links for details. | |||
*Foundation - 20% (inludes utility rough-in) | |||
*Roof - 20% | |||
*Everything else - 60% | |||
=Links= | =Links= | ||
*House build cost infographic - [https://thelendersnetwork.com/how-much-does-it-cost-to-build-a-house/] | |||
*House build cost breakdown - [https://www.24hplans.com/how-much-does-it-cost-build-new-house/] | *House build cost breakdown - [https://www.24hplans.com/how-much-does-it-cost-build-new-house/] | ||
Latest revision as of 17:32, 24 May 2019
General
Generally, it's the 1/5ths rule:
- 20% land cost
- 20% materials
- 20% labor
- 20% financing
- 20% profit
If you have land and decide to build with your own labor - you should expect to pay 1/5th the industry standard cost because most of a house cost is not the house itself. To build yourself is not easy, as it takes your time - but is very rewarding. It is also quite difficult if people have jobs. Incremental Housing is a good solution - and if modular design is added - the process can be quite replicable.
House Build (structure itself, not including site prep or site finishing
These are very rough estimates. See Links for details.
- Foundation - 20% (inludes utility rough-in)
- Roof - 20%
- Everything else - 60%