Cost to Build Our House

I think it is time to explore the cost to build our house to date. We are close enough to completion to get a fair estimation of the final cost. About all that is left to buy is gutters, deck material, steps and walks.

Final cost to build can be estimate when completion is near

Close enough to completion to estimate the final cost

Yes, the weather is getting colder, and I am more inclined to work less, and to spend more time on this blog. From now on I should be able to get back to doing a couple of posts or more per week. It is about time, as my mother used to say, when I dragged myself from bed.

We are not quite within our original cost expectations, although we did not completely blow our budget. This, however, is not unusual or unexpected so does not create any major problem. I was prepared for overruns of up to 20%. The importance of planning for the unexpected is emphasized. As I have mentioned before, it is important to have as much as a 20% buffer.

Our original cost to build estimate was 85,000 dollars (Canadian), which included the cost of land.. I am not certain of the accuracy of my accounting, but it appears that our cost to date is just over 90,000 dollars.There is still some cost to go, but our final cost to build will be considerably less than 100,000. This is for a 1008 sq. ft. house, with a 16 ft. by 24 ft. detached garage, on a 100 by 120 ft. lot. For most of the world that is a 93.6 m^2 house, a 4.9 m by 7.3 m garage, and a 30.5 by 35.6 m lot. Approximate conversions of course.

Related posts you may find interesting. – A house for less than 100000 dollars – The footing ,foundation and floor is in progress – Buying wisely, buying for less, buying early – Installing Water and Sewer .

The house is on a crawl space. Adding a full basement would have increased the cost by 10 to 20 thousand, mostly because I am to damn old to pour a concrete floor and would have been forced to hire a contractor. .

Part of the purpose of building  was to prove a point. The goal was to build a good quality home for less than 100,000. As a result, a lot of time was spent bargain hunting. A lot of used tools were purchased, All the appliances were used. As much material was repurposed as possible. Care was taken to purchase only what was necessary, at least until time became more important than cost.

An unexpected expense was the cost of installing a sewer main extension. Estimated extra cost-7000 dollars.

ICF foundation a sinificant partof the cost to build

ICF foundation

A change from a planned wooden foundation to  an insulated concrete form foundation (ICF) cost, very roughly, about 3000 extra. This type of foundation took less labor and considerably less time. Important, since we were delayed about a month in starting.

I somehow managed to order about 300 dollars worth of unneeded drywall. I can use it on other projects

I paid extra to have drywall and shingles delivered and placed where needed. Worth every penny when you do not have help.

No time was available to bargain hunt for siding, soffits and the like. I do, however, believe the local store gave me a very fair price.

Several hundred dollars worth of extra electrical, plumbing, and gas fitting material was purchased to reduce travel time making up shortages. The time saved was the primary motivation, but travel is a major consideration when much of the material is not easily available locally.

The natural gas installation cost about 600 dollars more than I had guessed.

All the utility suppliers were different from those I had used before and required substantial deposits. This is not an expense, but still requires cash.

I used a standard of construction somewhat higher than normal. This cost a few hundred more. Examples are, heavier than required wall and roof sheathing and higher rated shingles. Weather conditions may be a little more severe in the future, and I wanted a little extra strength.

All these items added up to substantial extra cost, but I was able to save more than half this amount in other areas. For example, I had planned for the cost of hiring a little extra labor for jobs that cannot be done alone. Friends, family, and neighbors were all there when I needed them, and I spent nothing at all on labor.

We did find tremendous savings in many areas which greatly reduced the cost to build.

All our light fixtures were purchased used from yard sales and habitat for humanity. Cost was likely only about 10% of new retail.

Kitchen appliances

Range and dishwasher— total cost $200. microwave—$75.

All our appliances were used and cost a total of 625 dollars. The surprising part is that we ended up with far higher quality units than we would normally buy. The style in favor right now is stainless steel. Good, nearly new, white appliances are easily available, very cheaply. We purchased almost all ours through Kijiji.

Sink and faucett

Sink and faucet—total cost $150

We found a new kitchen sink for 100 dollars. This one retails for over 600. We acquired a new kitchen faucet for 50 that usually costs about 400. Lavatory sinks complete with faucets cost only 50 dollars each from Habitat for Humanity Restore.

My water heater, which retails for as much as 2700, I found for 600. About 200 worth of extras was included.

Similar bargains were found for windows, flooring and cabinets.

Since I had disposed of most of my construction tools at retirement, I had to repurchase many. Almost all were found on Kijiji or at yard sales,for a  very a  low cost. Their cost is included in the cost of the home.

Our old living room suite was getting shabby so my wife, Bobbi, spent a couple of months watching ads for a good used set. She found a set for free. We only had to travel, about 80 km (about 50 miles to my American friends), round trip to pick it up. It is in new condition but a little dated in style. Included was a hide a bed, love seat, swivel rocker and cushions. The colors suit us perfectly. We didn’t care that it is a little out of style since myself and Bobbi are a little past it too. We gave our still usable old set to a family that could use it.

mitre saw

an almost essential tool—cost for saw $40 cost of stand $50

I think I have proven that the cost to build a home can be less than 100,000. Of course I am reasonably adept at all aspects of home building and have had considerable experience. I am good with my hands and familiar with the tools of the trade. My wife and I are adept at bargain hunting and bargaining. Remember, however, that I am nearly 71 years old and not nearly as quick and tough as I once was.

If you do not have at least some of these skills, or feel you can not acquire them, then a project like this could be considerably more difficult for you. You may need a couple of years for planning, and acquiring knowledge and experience.

Total cost includes the purchase of the land. We acquired our site, which included the garage, for 35,000 dollars. This leaves the total cost of the house alone at about 60,000.

It should be noted, though, that our end result is considerably more than just a basic house. We are very happy with it, and feel it suits our needs very well.

We do live in Alberta which has no sales tax. Our national sales tax, the GST, is partially recoverable when building a new house. Taxes could be considerable in other jurisdictions.

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