What are the costs of extras when building new homes

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  #16  
Old 11-03-2020, 06:14 AM
vanjon vanjon is offline
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We just got the house build in Orange Blossom, since the The Villages is not building up North any more. We chose Amstrong builder who build in StoneCrest, this is their developement. They are very flexible, you can change during construction, just Changing Order meaning pay for what ever you change. They give you a budget of appliances, light, landscape. While I am building the house, many people walkin and talk to me, for now I think 3 more home schedule to build in the villages.I found the cost very resonable, for example stucco for 2750 sq ft is 9K, 10 ft ceiling for 8K, sod for $2650,landscape 2.1K,irregation for 1750 and go on for the long list. They have 5 model homes in Stoncrest. Jim Shay at 352-307-7090 very knowledgable and he will work with you, he can answer all questions until you decide to go with them,took us almost 4 month before we select them, and paper work take longer since we are the first home they build in Villages.PS me to see the house or more details
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Old 11-03-2020, 06:30 AM
Rwirish Rwirish is offline
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Double the cost of the house.
  #18  
Old 11-03-2020, 06:54 AM
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Quote:
Originally Posted by Dayeight99 View Post
Really?
This is directed to me referencing upgrades are cheaper than ordering from the builder.

Yes. In a single word it comes down to competition. You buy most (all?) Things based on the competitive market but people blindly accept the builder offers a great price on tile, granite? Of course not. Ask yourself the cost of a few easily priced upgrades and if they are fairly priced.

Quartz at home depot is 75-/+ a sq ft at home depot (installed) for example. The builder wants 16,200 for that. What home has 108 linear feet of counter space? None.
  #19  
Old 11-03-2020, 07:01 AM
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Originally Posted by Toymeister View Post
This isn't a direct answer to the OP but rather a common strategy

Get all construction (read space) upgrades. All stretches, GC garage.

Countertops, flooring, fans, pools, central vac, insulation all can be done aftermarket cheaper, often with better quality.
Agreed. I've even heard a Villages sales rep recommend that too!
  #20  
Old 11-03-2020, 07:29 AM
CoachKandSportsguy CoachKandSportsguy is offline
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So I get the idea of $200K lots are out of the picture, I had a limited budget as well, the max was the cost of the current house, 1,200 sq ft living area single floor two car garage, $300K max. . . my wife walked into a model Begonia and said "I love this" (model selected) . . . as compared with a model home fully furnished at $380K with rain pond view, approximately 1,800+ sq ft. My gutteral response, NO! The following is in rounded numbers only, for your a conceptual directionally correct estimation purposes only.

So we bought $12 K lot next to $30-45K lots, and put the rest of the money into the house. Peek a boo pond view out the front, no houses across the street, facing an open area. Stretched the house by cost, not quite the max length (mistake 1). Stretched the lanai (not the max mistake 2) put the rest into the construction costs as discussed above, specifics below.

So not sure how much you are thinking you want to spend, don't really care, so final cost for 2,000 sq ft under air, 3 br with ceramic tile throughout the main house and baths, stretched garage 4 ft in length, and lanai 4 feet in width (House length) quartz counter tops in kitchen, medium size air conditioner, extra 4 plug outlets where TVs/entertainment centers would go in master bedroom, 3rd bedroom study, lanai and living room, no chandileres, central vacuum, small patio built out front for sitting to talk with neighbors, standard electric appliances, gas outlet for back pad gas grille, no furniture, $355K write the check.

When we compared this cost with spec houses for sale with their configurations, lot location, house size and floor coverings were the main factors for pricing. It was cheaper to build what we wanted for a house configuration on a cheap lot with higher perceived house value, versus higher lot with cheap base, and after market addons. I don't want to be a general contractor, getting bids, arguing etc. . . this is my retirement house, i want to spend time outside playing soccer and golfing and traveling, . . . its my SKI house. . . (Spending Kids Inheritance)

But the subtle point if you are intuitive, I spend almost as much on just the house as the furnished model home, and built a bigger house with no furniture as the smaller demo with $50K of furnishing. And yes, we then had to add $40K of furnishing as we listened to posters here, and left 95% of the New England house in New England. And selling the cold house will cover the mortgage on the TV house, which required a $100K down payment (20% for us for a lower mortgage rate)

So, as a finance professional who thinks in price to value terms and not in cost terms, in the whole package and not the sum of the parts, I still go back to the original point, figure out what you want, and use an estimate of a spec house and subtract 10% of spec sale for the cost buildup. . . so my spec house would price out at about $400K+. If you notice that spec house sale prices aren't using nearest 10s rounded up, there is an element of cost up pricing in their pricing models, which is lazy in my opinion, what then again, i am just an anonymous poster with an opinion. . .

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  #21  
Old 11-03-2020, 07:38 AM
CoachKandSportsguy CoachKandSportsguy is offline
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Quote:
Originally Posted by Toymeister View Post
This is directed to me referencing upgrades are cheaper than ordering from the builder.
@toymeister, although true, no disagreement, moving from across country to a house for retirement, the extra cost is in not wanting to spend time even if one has the ability, to be a general contractor.

Your point is a time/skill trade off to cost/price. If you have no general contracting skill, then its not worth the time, if I have the time, but not the skill, then it might be able to do it and get help.

So as you present the argument, there is a time/skill cost trade off, which results in the net increase in cost for any large construction project in the do it right the first time, versus yourself as the post construction HGTV anyone can do it rehab.

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  #22  
Old 11-03-2020, 07:55 AM
jdulej jdulej is offline
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Quote:
Originally Posted by Toymeister View Post
This isn't a direct answer to the OP but rather a common strategy

Get all construction (read space) upgrades. All stretches, GC garage.

Countertops, flooring, fans, pools, central vac, insulation all can be done aftermarket cheaper, often with better quality.
This is my understanding as well and has proved out for us and friends of ours over the years.
  #23  
Old 11-03-2020, 07:55 AM
rrb48310 rrb48310 is offline
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Quote:
Originally Posted by CoachKandSportsguy View Post
So I get the idea of $200K lots are out of the picture, I had a limited budget as well, the max was the cost of the current house, 1,200 sq ft living area single floor two car garage, $300K max. . . my wife walked into a model Begonia and said "I love this" (model selected) . . . as compared with a model home fully furnished at $380K with rain pond view, approximately 1,800+ sq ft. My gutteral response, NO! The following is in rounded numbers only, for your a conceptual directionally correct estimation purposes only.

So we bought $12 K lot next to $30-45K lots, and put the rest of the money into the house. Peek a boo pond view out the front, no houses across the street, facing an open area. Stretched the house by cost, not quite the max length (mistake 1). Stretched the lanai (not the max mistake 2) put the rest into the construction costs as discussed above, specifics below.

So not sure how much you are thinking you want to spend, don't really care, so final cost for 2,000 sq ft under air, 3 br with ceramic tile throughout the main house and baths, stretched garage 4 ft in length, and lanai 4 feet in width (House length) quartz counter tops in kitchen, medium size air conditioner, extra 4 plug outlets where TVs/entertainment centers would go in master bedroom, 3rd bedroom study, lanai and living room, no chandileres, central vacuum, small patio built out front for sitting to talk with neighbors, standard electric appliances, gas outlet for back pad gas grille, no furniture, $355K write the check.

When we compared this cost with spec houses for sale with their configurations, lot location, house size and floor coverings were the main factors for pricing. It was cheaper to build what we wanted for a house configuration on a cheap lot with higher perceived house value, versus higher lot with cheap base, and after market addons. I don't want to be a general contractor, getting bids, arguing etc. . . this is my retirement house, i want to spend time outside playing soccer and golfing and traveling, . . . its my SKI house. . . (Spending Kids Inheritance)

But the subtle point if you are intuitive, I spend almost as much on just the house as the furnished model home, and built a bigger house with no furniture as the smaller demo with $50K of furnishing. And yes, we then had to add $40K of furnishing as we listened to posters here, and left 95% of the New England house in New England. And selling the cold house will cover the mortgage on the TV house, which required a $100K down payment (20% for us for a lower mortgage rate)

So, as a finance professional who thinks in price to value terms and not in cost terms, in the whole package and not the sum of the parts, I still go back to the original point, figure out what you want, and use an estimate of a spec house and subtract 10% of spec sale for the cost buildup. . . so my spec house would price out at about $400K+. If you notice that spec house sale prices aren't using nearest 10s rounded up, there is an element of cost up pricing in their pricing models, which is lazy in my opinion, what then again, i am just an anonymous poster with an opinion. . .

soccerguy
Sportsguy, IMO your far from just an average anonymous poster. Your very informative and I thank you for your knowledge. You and others have helped me feel a little more prepared (loaded up ammunition).
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  #24  
Old 11-03-2020, 07:59 AM
jbrown132 jbrown132 is offline
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I have built two homes. Without adding additional structures to the building prints, a good rule of thumb would be to add 10 to 20 percent of the quoted price. Also any alterations you want to make to the floor plans such as moving walls make sure you do it prior to the builder laying the sheet rock or plaster board. Finally, you want to look at the building specs. For example, are they going to nail the sheet rock or screw it to the framing, you definitely want it screwed. How many outlets in the rooms. Do you want the house wired for home theater. Is the builder going to wire the house for computer use. These are all things that can add cost and you may want to ask the builder to include them in the price they quote to you.
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Old 11-03-2020, 08:21 AM
Bill1701 Bill1701 is offline
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It's not just what you have the builder add, but also all the things you want to have done after the house is 'finished.' Many people add rain gutters, seal the garage floor, and repaint(I'm not sure why unless the builder won't use the paint you want). Upgrading the ceiling fans with lighted ones is also a big add on.
  #26  
Old 11-03-2020, 10:12 AM
Diver Man Diver Man is offline
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Quote:
Originally Posted by rrb48310 View Post
Looking to get an idea of what all the extras cost when building new. I can see costs of lots and have a price list of models but I’m wondering what are the average costs of extras people are adding for items like golf cart garage, floors, countertops, stretching etc...

I’ve seen one poster throw out $100k to $125k just wondering if anyone else had similar added costs?

Thank you, be safe.
Do you have the cost of the base price Gardenia and the Woodside. I would like to get an idea also. Just as a starting point.
Thank You
  #27  
Old 11-03-2020, 03:11 PM
rrb48310 rrb48310 is offline
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Originally Posted by Diver Man View Post
Do you have the cost of the base price Gardenia and the Woodside. I would like to get an idea also. Just as a starting point.
Thank You
This is what I got from my realtor last fall, prices as of 9/2018. Sorry the preview was a little blurry so if you can’t read it, Gardenia start from price $265,000 and the Woodside start from price $311,000 but would need a larger lot.
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  #28  
Old 11-03-2020, 05:09 PM
DAVES DAVES is offline
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Default My view

We bought a new completed home. Plus to me. I would blame wife but probably true of me to. I need to see it. Choosing say a color of granite. Oops it does not look as I thought.
Our home is stretched. The same model was built with and without columns in the living room. We wanted and bought one without columns. We've been here going on eight years. I think your real question should be not what people add on average but what you want and what it will cost.
Storage space is limited. I don't think any homes around here have a basement. I expect if you can get one it would be an indoor swimming pool due to the amount of rain and the type of soil. I saw a post with prices for a golf cart garage. We have one and a two car garage. So much for plans. The golf cart garage has my table saw etc.
The golf cart is in the second garage. That price is for the golf cart garage. You need a bigger lot to be able to put it on.
The cabinetry. We do not have the baseline but the quality is not what I would want.
I had to reinforce the cabinets as you/we put more in them than we should. A neighbor had them collapse.
  #29  
Old 01-08-2021, 11:33 AM
ItsaCin ItsaCin is offline
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I was just with my realtor and he said the base for a Woodside is $330K
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