Real Estate Power Tips

It is far more complex to buy land and build a home than it is to buy a home that is already built and move-in ready. Someone has to be available to make the continuous decisions that go along with such a project. And it is often times more expensive, too. Land costs, architectural design, permits, foundation work, framing, site work, exterior finishes, interior finishes, mechanical rough-ins— the details can add up rather quick. When building a custom home, $350,000 doesn’t build a palace in Bay County in 2020. Here is an example of what a $350,000 build budget would look like:

• Architectural Design: $17,430.00
• Site work. Design, Permit fees, inspections, etc.: $7,810.00
• Foundations. Excavation, concrete and retaining walls: $38,685.00
• Framing. Sheathing, trusses, etc.: $44,930.00
• Exterior finishes. Roofing, windows, and doors, etc.: $75,245.00
• Interior finishes. Drywall, flooring, insulation, paint, lights, appliances, etc.: $77,840.00
• Major systems rough-ins. Electrical, HVAC and plumbing: $35,445.00
• Hardscapes and softscapes. Driveway, fencing, landscaping, shed, etc.: $49,490.00