Profile picture for Shandaotrl

Any idea how much it would cost to build a 2 home? Rough estimate?

Looking to purchase soon and not loving the inventory available in New Haven. Land included, could a two family home be built for $300,000?
  • September 09 2013 - New Haven
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Answers (6)

In Hamden, North Haven and Wallingford the average cost/sqft of homes built since 2011 is $186/sqft, with the lowest being $137/sqft
  • November 21 2013
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Profile picture for Blue Nile
So, it looks "awfully tight", and land was NOT included... you have to buy that separate.  You can do a search on Zillow for lots.

350k for construction only is MORE than the requested $300k budget, AND you state you have no additional money for the land.

Typically, it is always cheaper to buy "used" than to build custom.

Just because you are not finding what you are looking for doesn't mean it doesn't exist.  You may need to be more creative in your search methods.

(By the way, we can cut more costs, by reducing the heating, and by making the units smaller.  There may be zoning issues if we get rid of the garage space, but then carports may work.)
  • September 09 2013
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Profile picture for Blue Nile
Well, I chose "minimal everything", 1200 sqft per unit, one rectangular building plus 4 cars garage space...

It came out to $345k.
Breakdown as follows:
$4.4K    Excavation 
$21.4K    Foundation, Piers, Flatwork
$2.1K    Rough Hardware
$60.8K    Rough Carpentry
$7.8K    Insulation
$21.9K    Exterior Finish
$2.5K    Exterior Trim
$4.1K    Doors
$6.5K    Windows
$0.7K    Finish Hardware
$1.5K    Garage Door
$18.9K    Roofing, Flashing, Fascia
$8.2K    Finish Carpentry
$16.6K    Interior Wall Finish
$13.K    Painting
$11.4K    Wiring
$3.9K    Lighting Fixtures
$7.1K    Flooring
$7.9K    Carpeting
$2.3K    Bath Accessories
$1.7K    Shower & Tub Enclosure
$5.1K    Countertops
$12.1K    Cabinets
$5.1K    Built In Appliances
$14.9K    Plumbing Rough-in and Connection
$11.2K    Plumbing Fixtures
$12.8K    Heating and Cooling Systems
$3.4K    Unit Heating and Cooling
--    Fireplace and Chimney
$289.4K    Subtotal Direct Job Costs
      
$1.2K    Final Cleanup
$8.7K    Insurance
$5.3K    Permits & Utilities
$1.2K    Plans & Specs
$16.4K    Subtotal Indirect Job Costs
      
$38.8K    Contractor Markup
$344.6K    Total Cost
  • September 09 2013
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Without a lot more information we couldn't possibly guess.  It's certainly possible to build a home in New Haven County for $300k, but there are a lot of "if's" and questions involved.

--
- This is not legal advice and is not intended to create an attorney-client relationship.  The post is only an opinion.  You should speak to an attorney for further information.  The poster is licensed only in CT & NY.    If this post is useful to you, please remember to upvote it.
  • September 09 2013
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Profile picture for Blue Nile
There is a good website for home building cost estimation:
building-cost.net

(Obviously just a budget guideline and starting point, but does have variables for the major issues).
  • September 09 2013
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Homes are estimated because of where they are, building costs both materials and labor are different everywhere.
If you have house plans, then you can get material costs from a lumber supplier then get a estimate from a local licensed Contractor ( usually the lubber supply store can also provide that contact number) then you add the costs together for a rough estimate.

Some Contractors could provide you with the materials and labor list but you would have to have some type of plans to show them.
Some Builders may also have land they use to build houses and maybe model houses that are usually shown to them by realtors.
When you visit these models you can negotiate what kind of changes you would like to make and get a quote that way.

Hope this helped some, cause I wouldn't give a 'ballpark' estimation on something that big...I don't even give them on renovations cause people tend to hold you to them.
It is best done dollar for dollar cost, depending on sq.ft, finishing materials and so on.

Good luck to you and me both in finding our dream home.
-Joseph-
  • September 09 2013
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