Just curious, have you totalled up your total costs per sq.ft.? What value would you put to what you did? Just curious to know where current construction costs are.
I haven’t bothered to add up the receipts on my owner-build but I am guessing probably around $115 to $130 per square foot; however, I had a lot of calculated factors on my side and a bit of luck too.
1/ My house is not in the municipality of Victoria; therefore, less BS bureaucracy to deal with and cheaper to build. Calculated factor.
2/ No tear down and all services in place (sewer, water, storm, gas, underground power, underground telecom, etc.) at lot line and pre-paid connection fees which is a little unique for 1/2+ acre lots. Calculated factor.
2/ I designed a home that fit/worked with the land so the excavation cost me less than $10,000. Could have easily been $50,000+ in earth work if I designed something that required blasting. Calculated factor.
3/ At 5,000 sq/ft the cost is spread out and the per square foot price drops. Calculated factor.
4/ I start construction in the summer of 2014 and 90% of the home was done before we started seeing major upward pressure on construction costs this spring/summer. Total luck.
5/ I am pretty savvy, or so I like to think? just various random stuff….for example, for my suite kitchen I purchased a $15,000+ showroom kitchen (cabinets, quartz, sink, faucet, etc., etc.) from the Duet condo development in James Bay for $1,000. There is probably another 100k in various “savvy” savings I will call it. Calculated factor.
If you take out those factors you are probably looking at closer to $200 per sq/ft to build. Construction costs, both materials (because of the weak $) and labor have gone up significantly. I would say a $165 per sq/ft build in 2013/2014 will be a $200 per sq/ft build for 2016.