New Home Cost Breakdown

Anyone have any advice on where to start with hiring someone to direct the building of a house? Im lost on what to do after loan approval…

Can I fly a New Mexico crew to CA to do some work here? I'll even throw in a season pass to Disneyland.

How do i find costs more local to me?

I'm favoured, $230K every 4weeks! Ican now
afford anything and also support God's work
and the church.

Just getting started on my real estate journey, but i have been investing in DA for sometime now through Mrs Miriam Alvarez. I must say Trading DA is a more good way to profitable investment because there is no chance of losing money. Just have to find the right trader.

Does the 2561 SF include the Garage square footage?

Do you have any discount codes for your online course?
La or day sales?

i bought few years ago a land so how much it will cost me to build and for how long

The costs seem extremely inflated, I wonder if they are getting creative with their accounting

Thank you so much Michael as always for your great channel.
Do you have any information about the average cost of construction in California specifically Los Angeles county?
How can we get those info?

I have given up on building a house or buying anything new. Prices are crazy. I'll just stay where I am.

If I were to decide to be an Owner Builder, is it normal or allowed to hire a project manager that might have some experience building a home?

Average home being over half a million dollars…. With interest rates you’re paying over a million dollars over a 30 year span of time. WHAT A RIP OFF!!!

I'd like to build a small house maybe 800-1000sqft. Could you give a breakdown of a small home? I only need a small house for my spouse and I, not a family sized house. In Duluth, MN to hire a GC it's $350-400 per sqft to build a new home.

What about cost of building an earthbermed home? If a lot has a hillside, doing a 1500sqft home dug into the hill, could reduce the amount of cost in lumber and the labor associated. Obviously youd have more in cost of concrete/site prep but that could be offset if the remainder of build is doable for an advanced DIYer. Anyone have thoughts on that?

The problem I keep running into is all the builders I talk to want to charge the exact same cost per square foot as if I bought one of their custom turn key houses but I already own my land, already have all utilities and am doing my own dirt work and landscaping and driveway. I even broke down the cost on one of their lots and all other mentioned stuff and he claimed it would still cost the same to build it on my lot.

Can you do a min/max price comparison for some differing regions? Like a case study for Los Angeles area, and compare it to rural Appalachia for example. That would be excellent to get an idea of price range.

Love the video 😊

Thanks Michael, appreciate all the info.

I've been a custom home builder for 25 years and have built well over 100 homes. I feel that you're misleading people that anyone can build their own home. While I'm sure there are people who can pull it off, the majority of them will fail miserably. Even with the experience I have, I still need to double and triple think about things as I go along. Also, everyone I know who has attempted their own build and discussed their numbers with me all paid well over what my fee would have been and made tons of mistakes. I can also tell you that my fee is nowhere near the 30% that you claim and is actually 10 - 15%. Please stop misleading people as it's much harder than you make it out to be.

This really depends on where in the country you're operating.

Great information

Great video! I live in New mexico and prices has gone so crazy its hard to build for under 200$/foot using a general contractor and anything custom or half decent youre looking at 300$/foot and then anything super nice like 500-1,000 foot build cost only not inlcuding land which is 50k at cheapest with utilities but not in town, 100k in town average decent area lot but not prime location and tiny and minimal views or 200k for something quite nice or 500k-1.5 million for something amazing/unbelievable. Its really painful. Im trying to build but seems daunting. Hard to generate equity using a contractor. Paying more to build than the house will appraise for it seems 😢

Your site continues to be the most valuable and informative information regarding home building on the internet.

THANK YOU, you always create great content! I'd like to know how much the average basement costs. We are in Michigan and plan to build our own next year! 2500 sqft ranch with a full basement.

I want to sign up with you but not sure how your pre-recorded material will actually help me.

First thanks friend!