House Cost Breakdown: Difference between revisions
Jump to navigation
Jump to search
| (2 intermediate revisions by the same user not shown) | |||
| Line 6: | Line 6: | ||
*20% financing | *20% financing | ||
*20% profit | *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= | =House Build (structure itself, not including site prep or site finishing= | ||
| Line 15: | Line 17: | ||
=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%