Cost to Build a House in 2024 

Hows it going!!?

Who’s Micheal

Sounds like you did it right. Nice job.

Cement and stonemasonry is waaaaaay better

Well done. Thanks for the detailed breakdown. Hoping to start my project in a month or so.

Awesome breakdown. Did you do a construction loan? And if so, did you have any issues with payment delays? I heard loans cause construction to halt a lot.

@@omi8015 We haven't finished the house yet. We are currently having things framed. We are working to get a construction loan. It is a slow process and we are waiting on them to do an appraisal. We are currently just self funding until we get everything signed, but the loan has been approved. We had to call a dozen banks to just find one willing to fund a self build. Most only allow an external GC to do it.

We have continued to iterate on our costs. Here is an updated breakdown: 1k site plan/surveys, 2k permits, 1.7k dumpster/toilet, 101k lumber, 80k windows/ext doors, 7k excavation, 54k concrete foundation, 14k basement slab, 4k garage slab, 3k garage rock, 5k basement rock, 2k patio rock, 2k driveway rock, 6k 50'+26' steel beams, 57k framing labor, 15k roofing&labor, 44k curved staircase/banisters, 1k gutter drainage, 40k electrical, 33k plumbing, 97k hvac (47k is geothermal), 15k outdoor fireplace and an indoor fireplace, 17k septic, 4k 250g propane tank, 36k drywall, 20k insulation (12k cc spray foam, 8k rockwool), 11k garage doors, 25k interior doors, 15k interior carpentry, 16k bathroom installations, 8k gutters/downspouts, 18k masonry labor, 38k masonry, 4k deck flooring, 2k patio slab, 30k exterior trim, 13k deck installation, 38k cabinetry, 10k granite, 3k bathroom fixtures/toilets, 2k tub, 6k light fixtures, 20k 5k sqft driveway, 19k carpet, 3k final grade, 26k 2000 sq ft hardwood flooring, 4k flooring tile, 3k interior paint, 7k bathroom vanities, 1.5k ceiling fans, 0.5k garage door opener.

How about total prices for those of us that don't want to break out a calculator?

That’s more accurate. It costs $100 a sq ft to build a deck here in VT

FL has a different building code. It’s typically CBS constructions which is more expensive than Texas’ code requirements.

He’s not including the lot in this so that makes a big difference in Florida where land costs are high

@@CMbassinthanks for sharing I’m in southern Indiana so that would probably be closer to what it would cost for me

@@CMbassin you are right, we can't touch these numbers anywhere in New England. I've renovated houses in 13 states, still couldn't touch these numbers even on a renovation. Last time I saw $140/sf was the late-2000's in Virginia. Labor market is way too constrained. I can barely hire a heartbeat for $25 and hour. Then add 30% burden for workman's comp, state tax, state unemployment, FICA match. And your average 20 year old then says where's the benefits? The material prices are also crazy ($80 a sheet for zip wall). Additionally most recent zone 5/6 building codes require things like blower door test and R5-10 continuous foam insulation (plus R-21 rockwool walls). Texas has EV charger requirements in garages, etc. On top of that few people really accept the laminate counters and cancer causing floors anymore. I mean I really wish this is possible but many parts of the country would require a time machine to pull it off.

So true. Some locations in the U.S. have impact fees that have really gotten out of hand. What used to be a way to cover extra services used, has now become a method to slow down development.

I paid 75k for permission to build in Northern California. Even after managing the construction myself we could not stay under $320 per sqft

Alabama??? wow rest of country will be 300$+

@@skellington2000 That sounds about right. Ideally I could personally build my own house sub-contracting out the entire project for 141 a sq ft. And I know I am able. But no bank is going to lend to me as the contractor. This is when it would be great to have one in the family or as a close friend. :) Would to God we could go back to a time when you could homestead on your own property and do a “barn raising” with the funds you have like the Amish do.

Drive by build up neighborhoods and offer a crew a side job

Damn. Where at?

Nope. Per the cost data, you can build this home in parts of Florida at or near this price as an owner builder. I just did a quick google search and found several similar new homes, built by a professional builder, for sale at $150 per square foot.

@@OpenBookBuild We are in the middle of the process right now so we are very familiar with the numbers.

CBS construction is more expensive in FL. Building code is most strict here in south Florida

​@OpenBookBuild you are correct, I can build a house for 135 to 155 a sqft, that includes everything, and I mean everything.

Would you be willing to share your contractors? My husband and I are in the process of looking for builders/contractors in metro Atlanta

Was this a brick house?

The cost per square foot will go up. This is due to the fixed costs that are required with every new home build. Things like utility connections, permit/impact fees (some are based on size/value but many are not), driveway, well and septic if required...etc.

He has an owner builder course where he breaks down almost everything from land to build. Great deal for the cost.

Budget for more like $300-400 per sq. ft not including land. The more remote your location, the higher the per-sq-ft cost. $141 per square ft may get you dried in, but it won't include any finish work.

@@MsGenXodus idk where you’re from but it’s no where near that expensive here unless your going luxury. Most lots are still $75-80k with homes selling for 150-180/sqft. I’m hoping to land in the 130-140 range doing portions of the labor myself.

Thieves

Yeah, but you have greed in your heart.

This is why owner builders need to get educated prior to building their own home. It's not rocket science. The good trade contractors will do a quality job either way. You need to learn how to find the good companies to perform the work and learn what to look for to make sure you are getting the best quality possible.

I love how you're judging his entire course/ premise on one 5 minute video.

Thats super high. They r buildin for $125 - $200 in New Jersey and Philly

@@aeiou0123 yeah, new homes that range in 1250 to 1700 SF that sold for 165,000 5 or so years ago are now selling for 350,000 and up.... They are "starter" homes too...

It's $260 sq ft in central GA, too. I want to build a 1448 sq ft home, no frills, but turn key. $378,000. I have the land, well and septic tank will be dug. I'm looking for a builder who can do it for less...I'm already changing some choices in the plan.

@@Lynnpaperweight so, my suggestion is to do it as owner-builder. Hire each sub contractor to do all of the undergrounds, foundation, framing and get it finished to drywall stage and get your Certificate of Occupancy. You'll need to at least get it to a finished bathroom and kitchen to get C of O and if you can live without the finished carpentry and finished flooring, you might get your costs below that $260 sqft.

He has an open book build course for owner builders. Very thorough, totally recommend.

On an 1,800 to 2,000 sq ft house, add at least $50K.

Depends on what you are building and where. You can build this house in parts of Utah for this price.

How much capital do you need? How much of your own capital do you have in it?

The video explains the markup home buyers are facing and up charge subcontractors charge

These are national numbers. Unfortunately, some locations are very expensive and don't fall within the averages.

Where did you build? Louisiana? Or California?

@@thekiller500099 You can build this in Louisiana

So what was the price?

I’ve built over 2000 homes. Thx for watching

@@OpenBookBuild ok so you’re 1000 years old?

@@CMbassinyou’re embarrassing yourself stop. You can build more than. One home a year if building is what you do for a living. 😂

@@amechecameron3217 yeah I gave this guy the benefit of the doubt by saying he’s doing 2. If he did one a month he still can’t build 2000 houses. What is wrong with you guys?

Most builders who have been doing it for a while have on avg 7-30 homes a year dropping like it's nothing. And some of their houses they only visit 1-2 times a week in maybe 30mim increments. So I'm sure he has done well over that. When hiring a builder, you're not really hiring him but his subs because most builders that throw houses up aren't touching anything. They are simply looking at the budget and keeping the build on track ordering, talking to subs, calling in inspections, etc. Very few of them actually work on the house.

Yeah my lot in the center of manhattan costs more than a lot in the middle of arkansas, wtf

​@Austin-fc5gs yeah I'm from Manhattan but now in the bronx land is up there everywhere but it's cheap land out here everywhere as well

If you pay attention to the video, the number doesn't include the lot/land. There is just WAY too much variety to include that in a cost to build number. I can show you a lot that is under $10k and one that is over $3 million...for the same size...but much different views ;)

I wouldn't listen to this comment. Clearly, a planted troll trying to stir the pot. Their channel is full of Russian propaganda aimed at making Americans discontent.

"What??? How can my shitty suburban home in 'X City' cost *MORE* than the national average??!?"- Retards

If you would like to see an example of a house with a basement and finishes that are higher end that we are talking about here, check out the house we built at openbookbuild.com

Not everywhere and it depends on home style and size it's people getting 125 to 250 per SQ on tiny homes or certain style cabin or barn barndo homes.