GabRay

Hi,

 

I wanted to know are the average building rates $115-125 per sq ft. that you are proposing typically the going rate even if the structures will be smaller, say 1000sf? Thanks for reading

 

-Ike

Ike,

Materials cost less when purchasing in volume, so constructing a single unit wouldn't receive this "discount".  I would think the going rate would be around $115-$125 price range for a 1,000 sq ft unit, the upside being that 1,000 sf shouldn't run more than 6 months (labor cost).  Of course, the final cost would also depend on the quality of the upgrades/fixtures, e.g. a Jenn-Air appliance package would run app. $12K, but a GE package would be app. $4K. 

I've been doing some research as we plan to build around Bellaire. I've heard ranges from $125 to $150, with the $125 for people that built a few years ago.

$125 to $150 is what I'd expect to build in Bellaire. However, you could possibly find better pricing than that. It's going to be a direct cost associated with the square footage your building, and with the upgrades you're looking to add. If it was 2,500 - 2,800 sq ft, and you weren't putting in the highest levels of granite, fixtures, etc. you could find a builder that would do it at $115 - $125 per sq ft.

This is BS. Going rate for building in the greater Heights area is more like $150 per square foot or more, with true high end work closer to $200. I had to get quotes on rebuilding our house to convince the insurance company that their replacement rates were too low.

 

Ross,

With all due respect, I'm a developer currently building twenty-eight (28) residentiaI properties throughout the Houston area including the Heights and in the Houston Museum District. SPECIFICALLY, I'm developing the properties at 1626 W 25th Units A, B, C D & E.  Unit A is 2,349 sq ft, and we're selling the unit at $449,900.

This property is high-end, so if your $200 per sq ft assertment was correct ($200 x 2339 = $467,800), I would basically be selling this property for LESS than what it was built for.  How would you account for that?

I do understand I'm a developer using wholesale builders, and you most likely received a quote from a retail builder, but anybody quoting you $200 per sq ft to build residential construction is patently absurd. 

As proof I've attached a copy of my architectural blueprints from 1626 W. 25th Unit 5 (Unit A).

Hey guys, just wanted to get an idea of what it cost per sq ft to build a home similar to those found in the montrose, washington, rice military area.

Here's an example of kinda what we were looking at doing http://www.urbanliving.com/listing/cms-developments/peden-views/

I realize this question was posted well over a year ago, but I just saw it, AND I saw someone's outrageous "confirmation" that inner-loop construction/build costs were $225 per sq. ft. This is absolutely NOT correct for residential home construction pricing.  

The going price for high-end builders, e.g. Heights, Museum District, Montrose, Rice Military is around $110-$125 per sq. ft. For super high-end construction, e.g. River Oaks, Bellaire, West U, the price is around $125 - $150 per sq. ft. depending on upgrades, fixtures, and the size of the project. The price to build in Rice Military would actually be ON PAR with home construction costs in the Montrose. 

Someone's "assertion" that 3,300 sq ft x $225 = $740,000 wouldn't account for the NUMEROUS homes selling in the aforementioned areas for well below this dollar amount. You can easily find newly constructed 2,000 - 3,300 sq ft. homes inside the loop from $350-$550K which means build costs are far below this inaccurate assessment.  And, homes in the burbs are cheaper, because mass communities are built simultaneously which enables large builders to have discount pricing on materials and labor.  

I'm not including land costs in these numbers, of course, but the assessment that the "land was acquired cheaper than said building" is also wrong. E.g. I bought a 7,800 sq. ft. lot in the Heights for $190K, but the 5 houses cost $1.14M to build.

I hope that someone definitely NOT "in the business" didn't discourage you from building your dream home!