Our Client on Valley Brook, came to us for a major renovation to their home, after exploring the option of building a new home on their existing lot. They decided that a major renovation saves about 20% over the cost of a totally new structure. This project was a total tear down to the foundation. (We did save the attached carport, because it was grandfathered in the side yard setback.) Below is a list for Statistics on the project:
The end result was a new 3600 sqft home on an old foundation.
Time to permit 1 month.
Time from permit to C.O. 7 months
Cost of construction N.A.
Air Tightness of home 2.21 ACH at 50 pascals. (Old Masonry Fireplace prevented us from getting a tighter home.)
I receive about 50 inquires a month and the first thing most people want to know is: What does it costs to build a custom home?
Lot costs are typically 30% to 35% of your total budget for a home.
We find construction costs of $180 per sqft + or – 10%, plus a fixed cost of about $30k for site development costs. (Utilities, Driveway, Fencing, Landscaping, etc.) If you want a modern home with flat roofs and steel, you are looking $220 per sqft + or – 10%.
Architectural Fees / Engineering Fees typically are 7% of construction costs, + or – depending on the amount of detail you want designed.
Time to draw plans are 3 to 6 months. Time to permit is about 60 days. Time to construct a home depends on the size of the home, but typically we can do about $70K to $120k of work per month on a home; with a minimum of 6 months to construct a home.
In today’s market we are finding that in doing large renovations/additions to homes are saving 10% to 20% versus a new home.
Typically we see costs for new added space at $200 per sqft. Redoing existing space is about $120 per sqft.
Architectural Fees / Engineering Fees typically are 6% of construction costs, + or – depending on the amount of detail you want designed.
Time to draw plans are 1 to 3 months. Time to permit is about 30 days. Time to construct a home depends on the size of the home, but typically we can do about $60K to $100k of work per month on a home; with a minimum of 3 months to construct a home.