We’ve had many calls over recent months asking what things are costing these days. So we thought we’d just put some information out there for general knowledge!
Costs of building a new home can run from $140/sq ft. for a bare bones, not-much-in-the-way-of-finishes simple structure; to $200 for something a little more interesting; to $300 for a house with nice finishes (think stone counters, built-ins, nice tile)…the likes of which you see in our portfolio.
For remodeling, we prefer not to use square foot costs, as these numbers are subject to the kinds of spaces as well as the overall square footage. Costs per square foot can be lower if averaging over a greater area of work. So we prefer to do our rough pricing by space. Here’s a range:
Kitchens: $60- 80k for a small to mid-sized total remodel including new sheetrock and lighting.
Baths: $25 – 40k depending on the size and how many fixtures.
Living areas/bedrooms/non-plumbed spaces: if new windows and trim, and perhaps refinishing floors, and some new lighting: this cost might be between $10 – 30k /room.
Finishing an unfinished basement: figure on about $130 – 150/sf. This would include insulating the walls, a bathroom, windows.
Additions: for the shell, (i.e. not including the kitchen inside it!) plan on about $150/sf.
These are very rough numbers to plan your budget with. Other costs must be considered:
Tax on construction (9.5%)
Design fees (we bill hourly for architectural services) and permit fees.
Large appliances (owners get the best pricing when they buy their package of appliances from a dealer)
And other elements of the construction that might impact the house: siding patching and painting, hardscaping/landscaping etc.
Hopefully this will give you some idea of the costs involved. It’s expensive, but every single one of our clients has told us that when all was said and done, their remodel was totally worth the cost and effort, and has enriched their lives. It’s a thrill to hear, and why we love what we do!