Quote:
Originally Posted by Eric Coffey
You might want to consult with other builders and/or get a couple other bids.
Assuming you don't have a long list of must-haves that include super high-end features/fixtures/finishes, that sounds way high. Things can certainly add up quick though, and "upgrade-itis" can blow budgets out of the water. However, $375/sqft. should get you some ultra-premium digs, especially if that quote is just for the construction/hard costs. Even if your land/lot was only worth $50k, and that $375/sqft. included everything but the land, it would put the total project @ $800k for a 2000sqft. house. I don't know your area/market, but I would bet you could find something else (new build or re-sale) for a lot less than that and upgrade/remodel as needed.
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Yes, we are going to get multiple bids, shame though as I really like the builder...the idea that he's hosing us doesn't make sense for a few reasons (business relationships, etc..) Oh well,
I do have some high end features like a low slop raised seam metal roof (+35k), over/under garage (+22k), but other than that it's pretty normal stuff. This is a small place (which doesn't help the sqft calcs), closer to 1,500 main floor.
The land is five acres worth maybe 125-175k so yea...I told my wife to look at what that grand total could get us in a "buy built and move in", that opened her eyes. market in West Michigan is stupid though right now, builders and subs holding all the cards.