Thursday, December 12, 2013

How much did it cost to owner build our house?

How much? This is easily the most frequent question we have been asked and is the most difficult to answer for a couple of reasons.
  1. It's none of your damn business! Well, OK maybe I am overreacting here but I have been amazed at how often complete strangers have asked us how much we have spent on our home. At first this was incredibly confronting! I've calmed down a bit on this now and am happy to give this information to genuine owner builders like yourself but I suspect that most of the early queries were from nosy neighbours just looking for gossip on the newcomers.
  2. All houses are different and all owner builders are different so in effect the question is the 'how long is a piece of string' classic. However, I will try to answer in more detail below.
So, to actually answer the question. Building our two storey eco-home came in at around $150,000. This is in the same ballpark as a (boring but cheap) one storey brick and tile project home of average size with basic finishes. We also had to deal with some fixed costs due to our rural location. The on-site wastewater treatment system and underground rainwater tank came in at just under 20 grand combined so in reality our home cost closer to $170,000.
So how did this stack up compared to how much we expected to spend? Oh, man, we blew our budget BIG TIME. I thought we could do it for $120,000 and Greg was even more optimistic (he is still recovering from the shock!). If you are a fan of Grand Designs, you will know that hardly anyone estimates the cost of their build accurately - we are all in a bubble of denial at the start no matter how 'realistic' you think you are being!
There weren't any major budget-busting building shocks either. It was just that things all cost slightly more than we thought. Building materials did go through a bit of a price hike during the process (especially copper pipe). The big ticket expenses were definitely trades (electrician, plumber, stairs joiner, waterproofer). But also, little things really added up too. For example, I think we spent nearly $1500 on screws and nails.
Plenty of people consider owner building as a way to build cheaply but our experience taught me that the real value in doing it yourself is having a better house for the same money.


Unknown said...

thanks for this informative post.
owner builder

Unknown said...

Kitchen Gold Coast design can be a momentous task. You have to pick out the material,
appliances layout and much more. If you want creative kitchens Gold Coast, all this has to be done right.
A professional kitchen designer can guide your kitchen renovation Gold Coast.
Kitchen design Gold Coast is essential in making your dream kitchen a reality.

Kitchens Gold Coast

Pravin Dwivedi said...

Really very nice blog, crescent homes are best home builders Guelph. Buying a home is one of the most important decision and purchase in your life.

Unknown said...

Nice approach. I hope I can apply that kind of construction services since I'm planning to have a new one.

Unknown said...

Very informative and unique tips dear. Thanks for sharing.

new home builder in Gold Coast

Unknown said...

Keep the ball rolling you have done the great job

Unknown said...

Your blog is awesome and really helpful for readers. The Eco Refurbishment is a London based environmental construction company.

Sandrina said...

Thanks for a great blog, a little similar to what we are doing but we are on a much smaller scale. I had a look through and apologies if I missed it, but I was wondering if you installed insulation under the floor? We are trying to decide what kind of insulation to put between our steel joists and the yellow-tongue, so many different factors to consider! Also I am curious as to what insulation you chose for the rest of the house too... We are still at an early stage, cutting the piers to the right height, but wanted to decide on under-floor insulation before we put the yellow-tongue down in case it was easier, thanks for your help! Sandy

Reachsey said...

Nice article! I read your blog occasionally and i own a similar one and i have some good articles to read:
Feel fгee to visit my Page: Top Portal Review
Top 10 Best Swingline Staplers in 2015 Reviews
Top 10 Best Himalayan Salt Lamps In 2015 Reviews
Top 10 Best Drone Quadcopter With HD Camera To Buy In 2015 Reviews
Top 10 Best Drum Sets For Beginners And Professionals In 2015 Reviews
Top 10 Best Jump Starters in 2015 Reviews
Top 10 Best Decorative Pillows Cover In 2015 Reviews
Top 10 Best Fire Extinguishers In 2015 Reviews
Top 10 Best Hair Clippers For Men In 2015 Reviews
Top 10 Best Adjustable Benches Weight Training In 2015 Reviews
Top 10 Best Pillow Toy Dolls For Kids And Adults In 2015 Reviews
Top 10 Best GoPro Smart Remote In 2015 Reviews
Top 10 Best Resistance Bands In 2015 Reviews

general manager said...

Good article shared,
"Builders Yorke Peninsula"

Johnson Decruz said...

How much of a deposit do home builders require?
sheffield builders

Gennie said...

WOnderful house builder article,..It's too good,.

Unknown said...

When choosing the builder and his team, the cheapest isn’t always the best. A person’s workmanship, dedication, management skills, availability and communication skills are the main priorities when making up house renovation.
Brisbane builders
builder renovations Brisbane

Unknown said...

I really Appricate the blog content it really very useful for everyone home builders guelph

Gold Coast Building Inspections said...

The Building Inspection Gold Coast  provides building inspection reports across Gold Coast and greater QLD.

Anonymous said...

Finally i am happy with your post and it really help me to build my house. keep writing and keep sharing such good article like this thank you very much.

New home builders coromandel

Anonymous said...

Hi admin
Its really awesome, that's the blog you admire I liked it.
Few decisions are as important as buying a new home. This is why you should exercise the utmost caution when choosing a home builder.
Best Builder
Best Regards
lillian coleman

Unknown said...

Thank you so much! Really rich content and very useful information. For more information visit this site.

Raksha Varma said...

Find Professional House Painters in Brisbane, Gold Coast with Shine Painting.

Unknown said...

We are Marrano home bulders experienced for about 60 years in construction. You may plz contact us for more sophisticated ideas. Find out here in the website

Building homes is our only business. We build single-family residential homes, townhomes and patio homes throughout the Metropolitan Buffalo area, from entry level to luxury homes. By taking a personal approach to every customer, we have earned a pristine reputation for quality, value and service that is unmatched.

Marina Molnar said...

Thanks For Sharing Information...There are many great Montgomery County area homes for sale In Montgomery. In Montgomery New Park living provide best home .

Anonymous said...

Thanks for this article. It will really help homeowners a lot on what to expect when it comes to renovating their home. It's very informative. If you're looking for a home builder that can provide an exceptional, all-round service, to cater for your every need. From finding a block, designing a home to suit and offering finance option, check out thank you.

buildbyowner said...

I think that in explaining the process, you have only confirmed the fact that you should charge people in finding out this information
home builder houston

Jason Cobb said...

Thank you so much! Really rich content and very useful information. Visit more new home builder in order to predict the cost.

Ray said...

Nice blog thanks for providing such helpful information.
Hire the best local builders in Sydney

Oleksander Artem said...

I'M NOW FULFILL FINANCIALLY BECAUSE OF THE LOAN I GOT FROM LFDS .I would like to bring this to the notice of the public about how i came in contact with LFDS after i lost my job and being denied loan by my bank and other financial institution due to my credit score. I could not pay my children's fees. I was behind on bills, about to be thrown out of the house due to my inability to pay my rent, It was during this period my kids were taken from me by foster care. Then i set out to seek for funds online where i lost $3,670 that i borrowed from friends which i was rip off by two online loan companies. Until i read about:Le_Meridian Funding Service  ( / somewhere on the internet, Still wasn't convince because of what i have been through until a relative of mine who is a clergy also told me about the ongoing loan scheme of LFDS at a very low interest rate of 1.9%% and lovely repayment terms without penalty for default of payment. I have no choice than to also contact them which i did through text +1-989-394-3740 and Mr Benjamin responded back to me That day was the I'M best and greatest day of my life which can never be forgotten when i receive a credit alert of $400,000.00 Usd loan amount i applied for. I utilized the loan effectively to pay up my debts and to start up a business and today i and my kids are so happy and fulfill. You can as well contact them through email: ( /  WhatsApptext  helpline: +1-989-394-3740 Why am i doing this? I am doing this to save as many that are in need of a loan not to be victim of scams on the internet. Thanks and God bless you all, I'm Oleksander Artem from Horizon Park BC , Ukrain.

Elevators and Lifts said...

Enhance the beauty of your home with our aesthetically pleasing, space-saving home lifts.
home lifts India
Home elevators melbourne
Home lifts UAE
Home Lifts in Malaysia
Vacuum lifts India

Atong padilla said...

I am consistently thrilled by the measure of data accessible on this subject. What you exhibited was very much inquired about and eloquent keeping in mind the end goal to get your stand on this crosswise over to every one of your perusers.bath renovations

Atong padilla said...

Aw, this became quite a good post. In thought I have to put in writing like this additionally – spending time and actual effort to have a great article… but exactly what do I say… I procrastinate alot through no indicates often get something accomplished. champ Sydney home painters