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Old 08-26-2012, 11:22 AM
 
Location: Raleigh, NC
272 posts, read 249,603 times
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Hello,

Does anyone know the estimated range of the cost per square footage for a custom built home not including the cost of the land? I know the range can be considerable given the type of finishes but I'm talking about something in the middle (for a nicely trimmed out home, not top of the line but not bottom either).

Thanks.
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Old 08-26-2012, 11:25 AM
Status: "Apple Pie!" (set 15 days ago)
 
Location: Cary, NC
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$115 sf--$140 sf
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Old 08-26-2012, 11:30 AM
 
Location: Raleigh, NC
272 posts, read 249,603 times
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Thank you Mike.
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Old 08-26-2012, 01:25 PM
 
Location: South Beach and DT Raleigh
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It can vary wildly depending on what level of construction/finish you want both interior and exterior. If you want expensive materials, finishes, construction methods, etc., be prepared for much higher costs.
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Old 08-26-2012, 03:17 PM
 
Location: NC
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Mike, aren't existing homes selling for an average of $106 or something per square foot? Does that mean that newer homes usually cost more than exisiting ones?
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Old 08-26-2012, 04:44 PM
 
Location: Raleigh NC
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depends on where the homes are that are selling.

You can buy a new home right now for much less than$100/sqft, land included.

You can custom-build your own home with a local builder, however, for more. 2 months ago, the figure I got started a littles less than Mike's at $105/sqft.

The complexity of foundation and rooflines makes a big difference though.
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Old 08-26-2012, 04:56 PM
Status: "Apple Pie!" (set 15 days ago)
 
Location: Cary, NC
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$105/sf as an average custom build or as a starting point?
Of course, we can go to work defining custom built, too.
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Old 08-27-2012, 06:43 AM
 
Location: Cary/Apex, NC
1,518 posts, read 1,282,897 times
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Quote:
Originally Posted by luv4horses View Post
Mike, aren't existing homes selling for an average of $106 or something per square foot? Does that mean that newer homes usually cost more than exisiting ones?
That is why you may/probably should have a higher value on your home insurance than the house is worth. The cost to rebuild is often more than current value.
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Old 08-27-2012, 08:12 AM
 
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I don't agree with "much less" than 100 per SF. If you live way out towards outer Clayton and Smithfield that's 45 minutes from the center of Raleigh, then maybe so. Holly Springs can be 90-100.

But if you want a nice neighborhood in Cary, Apex, you're probably not going to get a nice house that well finished for $85 a SF.

It's also relative to the SF of the house.

You don't get that dollar per SF return on larger SF houses. A 4200 SF house can sell for $399,000.

And a 2600 SF house can sell for 299,000.
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Old 08-27-2012, 08:17 AM
 
2,088 posts, read 2,302,250 times
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Quote:
Originally Posted by jperryrocks View Post
I don't agree with "much less" than 100 per SF. If you live way out towards outer Clayton and Smithfield that's 45 minutes from the center of Raleigh, then maybe so. Holly Springs can be 90-100.

But if you want a nice neighborhood in Cary, Apex, you're probably not going to get a nice house that well finished for $85 a SF.

It's also relative to the SF of the house.

You don't get that dollar per SF return on larger SF houses. A 4200 SF house can sell for $399,000.

And a 2600 SF house can sell for 299,000.
Why should the build cost vary so much from one suburb to the next if we are not including the cost of the land. I thought it was the land value that increased the prices in desirable areas. I don't see how the materials and labor would be higher in any area within the triangle.
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