New build cost

[Luis Basto]

Hello Austin,

Question about new build pricing. I believe we used $100-$175 per sqft at pre-COVID times to estimate and plan. Then COVID caused materials and labor to skyrocket. And I haven't kept pace with the nice folks at the Austin permits office and how much they charge for fees and per violation. Yes, I've paid both 😮.

The range above is quite large and obviously covers a range of grades. What is your current knowledge or experience for a builder grade level of construction price range? Does 2-storey cost less or more? The foundation would cost less because it's smaller but I think the materials would be similar.

Thank you,

Luis

[Leonard Wallace]

Hey Luis your probably closer to the 175 per sq. If you need a builder we're available.

Thanks Leonard
Val Inc Builders
Leona...@gmail.com

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[Tim Gahagan]

I use this for quick reference. It provides a good walk-through to the point I give it to clients and have them do it.

Then they can see what they pick and the design style, finishes, etc and how it adds up.

Historically this has been within 10% of final costs on numerous builds I have worked on.

Mind you I'd still do all your math, but often buyers think vendors are just marking it up and taking advantage. This levels that and usually shows them reality.

Mind you, if a builder is fleecing people on the build costs, then your mileage may vary

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