New Home - Building Costs

 


Article by: Michael Russell

In this article we're going to cover just what it really costs to build your new dream home , Asbestos Test – Searching The Hazardous Substance with all the fixings.

Your new home. , Reviews of Dyson vacuum cleaners We're not talking about moving into somebody else's nest. We're talking about digging up the ground, laying foundation, putting up the walls , Design Psychology: Fabrics and everything else involved in turning nothing into something. Almost sounds like magic when you think about how much work is involved. But there's nothing magical about the cost. Building , Fixing a broken pane of glass in an aluminum frame a new home , How to Repair Burn Marks on Roll Flooring: Q&A is expensive. We're not talking buying a diamond ring for your fiancé expensive. We're talking astronomically expensive.

How expensive exactly?

The first thing you have to do is prepare the lot. You can't just put homes , Million Solar Roof Initiative - U.S. Department of Energy up any old place , How to Repair Burn Marks on Roll Flooring: Q&A you feel like. The lot has to be laid out, dug out, everything has to be just right. The cost for this alone is a cool $97,000 as of 2005. And that's for just 2800 square feet. Back in the 1980s you could buy two homes , Cabinet Hardware Speak Volumes About Your Personality for that amount of money. Now all you get is ground.

Then there is the total construction cost of the house , Vacuum The Grime, Vacuum The Past itself. A lot of work goes into building , Do-It-Yourself Home Saunas Build Your Own From a Kit a house, , Design Psychology: Fabrics the foundation, walls, , Gas Control is Necessary Even in Your Own Home roofing, , Spa Covers: Why You Need One plumbing, , PhotoCatalytic Air Purifier: New Technology etc. That's why you don't build one of these things overnight. It takes months to build a new home. , Top Pool Heater Maintenance Tips The construction cost as of 2005? Would you believe $195,000? That was the cost of four homes , Digital satellite TV systems: A whole new entertainment world in the 1980s. But we're not even close to being done.

Then there is the financing cost of building , Tips For Choosing Window Blinds a new home. , Unique Wall Clocks - Elegance And Style For Every Room Unless you've got money laying around in your mattress you're not going to be able to build your new home , How to Repair Burn Marks on Roll Flooring: Q&A without getting a loan from a bank. The financing costs are over $6,000.

But we're still not done. You then have your overhead and general expenses. This includes what you have to pay the workers. They don't work for free. Your overhead costs are not a drop in the bucket. We're talking over $21,000 here. That alone would have bought you a new home , How Often Should You Change Your Furnace Filter in the 1960s.

Then you've got what they call , Million Solar Roof Initiative - U.S. Department of Energy your marketing costs. Hey, you're not building , Perfumes For Your Home a home , HEPA Vacuum Cleaners - The Healthiest Clean for Your just to look at it. Unless you're planning on moving in yourself, , Feng Shui, Design Psychology and Bed Placement if you're planning on selling the home , Bamboo Flooring - A Sensible, Environmentally Friendly Alternative To Hardwood for a profit, which many people do, you've got to advertise. Marketing costs are relatively cheap but not a drop in the bucket. We're talking about a price tag of over $7,000 in 2005.

Then finally, if you're selling the house, , Reviews of Dyson vacuum cleaners you've got your sales commission. The person selling the house , Vacuum The Grime, Vacuum The Past for you isn't going to do this for nothing. Sales commissions are huge, which is why many people go into this field. The sales commission for this particular house , Cabinet Hardware Speak Volumes About Your Personality is about $11,000. The amount that's left over, if you're planning on selling the house , Choosing A Mattress is your profit. That comes out to about $36,000.

Yes, building , Million Solar Roof Initiative - U.S. Department of Energy a new home , Buyers Guide For Copper MailBoxes is not only time consuming but it is also very expensive. So make sure you know what you're getting into before you dive into a project like this.
Michael Russell - EzineArticles Expert Author

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Michael Russell
Your Independent guide to New Homes
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