Is it possible to accurately budget the cost of a house? Probably, but doubtful in our case. Here you'll find our attempt to document the house finances. Finances should probably start with a budget, so ours is $800,000 not including the land & architect. Because we went over on our current house, we're aiming for $700,000 in hopes that we come nowhere close to exceeding our true budget.
Have a look at our projections, which we’ll update right up until we break ground. Or, read through some of our budgeting thoughts and stories.
|Gravel Road||2000ft long, 20ft wide road with final 250ft concrete.||$74,197|
|Electric Hookup||2000ft long, with final 500ft underground.||$21,000|
|Site work||Permits, studies, site fees, impact fees, etc||$15,000|
|Well||Primary water source||$6,500|
|3250sqft basement foundation.||Using $18/sqft via HomeAdvisor||$58,500|
|Framing||Based off of comps in the area.||$74,000|
|Windows & Doors||Triple pane windows, 11 interior doors.||$33,600|
|Siding||2300sqft fiber cement via siding estimator.||$19,746|
|Roofing||Using $9/sqft for standing seam metal.||$27,500|
|Drywall||Installed & painted.||$22,165|
|Plumbing||Septic system & rough ins for baths, kitchen, etc||$40,000|
|Electrical||Using $4.35/sqft + fixtures allowance.||$20,137|
|Trim / Baseboards||$2,000|
Whenever we discuss a well insulated house, we’re always met with push back on cost and overkill in general. In preparation, we wanted to see what a few different assemblies might cost. So, we met up with Ryan’s uncle who has been building homes for the past 20 years. He gave us a breakdown on man hours for various applications like house wrap, siding, framing and so on. With that information, we could take material costs and get a rough price.
Building off of the grid is a bit more expensive than we anticipated. The desire to be isolated, have good views, and have plenty of land are the driving forces, so it is still worth it. It’s just expensive. For about a 2000ft road, we’re getting estimates from large establish companies for around $75,000. That’s for 1750ft of gravel, and 250ft of concrete. Moving the house a bit closer to the main road can shave off $5,000+. Lot placement will be huge in this regard. We’ll also have to balance a road that blends in with the surrounding environment versus just going from point A to point B.