Building a house
Sep 18th, 2020 1:06 am
Sep 18th, 2020 10:16 am
Sep 18th, 2020 11:43 am
wow $350/sf for hard costs kinda scares me. were you planning to bulid on the west side or east side? i ask because i've been told there is a price difference. yeah teardowns / lots are insane... as are all single family detached homes right now.choclover wrote: ↑ Talked to a builder in Vancouver yesterday and he quoted $250/SF for soft costs and $350/SF for hard costs and he said land costs are on top of this. Costs seem kind of high to me but the last time I was involved in a construction project, the world wasn't upside down like it is today.
Sep 18th, 2020 2:58 pm
Sep 18th, 2020 5:12 pm
This is also an option we’re considering. Did you do a full gut job? Or are you only renovating bits and pieces? How much did you budget for renovations if you don’t mind me asking.Alpine84 wrote: ↑ Building cost would be between 200-250/sqft for the standard cookie cutter spec home that you see on the market. If you want a proper custom home, prepared to spend at least 300 at the VERY minimum. This is also just actual building costs, does not include other costs. Total process might take 2 years.
Vancouver is also more expensive to build in. More permits, stricter regulations, etc.
We went through the process recently. Decided to buy an older house and renovate instead.
Sep 18th, 2020 6:33 pm
Sep 19th, 2020 10:34 am
I didn't actually specify when talking to the builder. Maybe that is why he said the land is not factored in.
Sep 19th, 2020 10:47 am
Sep 20th, 2020 7:10 pm
Sep 20th, 2020 10:16 pm
location is exactly where i stated vancouver proper (east van), north vancouver or burnaby. the numbers in your area (markham, on) sound similar to what i am budgeting. i know permitting takes less time in burnaby so that helps. we haven't secured a lot yet so all things are taken into consideration. type of build - modern, open concept, mid-high end kitchen and appliances, air con, and a mortgage basement helper is pretty much our starting point. all on a standard 33x122 lot.RichmondCA wrote: ↑ OP without details no one here can help you. Location, type of build, time of year, availability of builders in your respective area all come into play here. For budgeting purposes you can start at 250 psf, but to be honest that's already starting on the low side. With the shortage of lumber currently your carpentry will be more, not factoring in that lumber available now is of subpar quality unless a builder has a direct relationship with a mill, etc. In short, 250 psf + 10% for variance + 15% for the unknown during covid currently in the building space is where you can start. These are south central Ontario numbers.
Sep 20th, 2020 10:18 pm
that sounds like a pretty big job! thanks for those numbers. whats the square footage in your house? did you hire one project manager or did you source each contractor yourself?Alpine84 wrote: ↑ We ended up buying in west Coquitlam (aka old Coquitlam - harbour chines area). 60 yr old 2500sqft house on a 7700 sqft lot. Basement is unfinished which is actually good for the Reno’s we are doing. Full gut, replacing drain tile, entire hvac, plumbing, electrical, opening up living/dining area, converting an upstairs bedroom into an extended walk through closet and adding a master en-suite, replacing and levelling all floors, redoing the kitchen and existing bath, adding 2bd basement suite, all new windows and doors, new expanded driveway, new deck... the only thing we probably won’t be able to do because we will likely run out of $$$ is residing the exterior. As a stopgap we will probably paint it and see how we feel about it in the future.
Budget is about 350, hoping to come in under 400 lol. I know most people will say to rebuild, but knowing how picky we are and the type of details we are looking for, rebuilding will cost us 800 (rebuild = more ideas, more possibilities, more expense lol).
Sep 21st, 2020 12:03 am