Originally posted by C_Dave45
I'm doing one now (SFD, 50 foot lot), just below 16th Ave on 6a street NW where the building is $450/sq ft. That does not include lot price. The old house was bought for $600k and demolished.
That $450 per foot is maybe (maybe! but doubtful...) their all-in calculated ASKING price (based on the build, not including the lot)... There is no way a builder is building to that spec / at their cost in that area... $450 * 2,800 sf (above grade) + $600k lot = $1,860,000... There's not much left for the builder at that level, in that area...
Originally posted by JordanLotoski
LOL....Most spend more if they are building on a full lot...I want to say I spent 520 or so per sq foot...I have seen in excess of 750.00 per sq foot, which is crazy money
I know your place is nice, but $520/ft seems quite high... Did that have something to do with extra excavation for the under-drive garage, etc? I know the builder and the buyer of a property a couple blocks north of your place. Based on above grade finished space (even though the basement was finished), the builder's cost and the buyer's all-in price (including GST) straddled $400/ft. This includes every top-of-the-line finish you could think of down to the elevator, appliances, etc... $750/ft is obscene!
I'm sure if you approach a builder with a $400 (or $520, or $750) psf budget, they'll be happy to oblige... That said, for a typical infill based on some sort of JV with the builder, ~$250/ft should be a healthy target.