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+--- Thread: build vs buy (/showthread.php?tid=12532)
build vs buy - DrWho - 10-12-2013
aloha
the market has started to get a bit of a lift recently for house prices.
looks like its cheaper to build now than to buy as long as your are your own general contractor. any thoughts ?
i own the lot in hpp so im not including that in the build cost.
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the doc is in...
RE: build vs buy - sputnut - 10-13-2013
Maybe if you are licensed in Hawaii as a carpenter, plumber, and electrician.
comin' your way soon!
RE: build vs buy - DanielP - 10-13-2013
No carpenter license needed, Or General Contractor license if owner/builder.
RE: build vs buy - DrWho - 10-13-2013
here is how my estimate breaks down. i am only using a licensed plubmer and electrician. the rest is up to me.
estimate is for a 1000sf 2bd, 2ba house with vaulted ceilings...
lot - paid for.
exterior shell package lumber, doors, windows - $26k
interior finish materials - fixures, tub, sinks, cabinets etc - 20k
site work, bulldoze - 6k
fence - 4k
catchment - 3k
sspp - already paid
electric - 7k
plumbing - 8k
framing labor - 22k
drywall - 3k
cest pool - 3k
flooring - 3k
note: i would do the flooring and interior work except the drywall... haha
total cost = 105k. would sombebody please tell me where i can buy a brand new house for 105k in hpp ???
the doc is in...
RE: build vs buy - jlgerk - 10-13-2013
Add the lot and Contractor cost, and your real close.
RE: build vs buy - DrWho - 10-13-2013
hi jlgerk, i already paid for the lot so im not including that. the contractor is me so im not including that either.
the way i figure 105 is my cost out the door.
the doc is in...
RE: build vs buy - Rob Tucker - 10-13-2013
If you have the skills and time you can definitely do it for $105 psf or less. To me, if you truly do the work yourself, that number seems high. I built a state of the art non-wood home for about $70 psf a few years ago.
It does come down to that old formula: Is your time cheaper than your money or is your money cheaper than your time?
RE: build vs buy - DanielP - 10-13-2013
I think that you could get a Contractor to do the framing (shell) Labor for less than 22k and stay legal and with less risk.
RE: build vs buy - unknownjulie - 10-14-2013
DrWho it sounds like your pricing is fine. It's the quality of work that is the concern to me. You will have to literally be there- looking over the shoulders of any and all workers, while they build your house. If you have the time and knowledge, then go for it!
RE: build vs buy - jlgerk - 10-14-2013
Hi DrWho. But you asked where you could buy a house in HPP for 105k.
If you did not have to pay for the lot or the contractor, you could get close to that number.
edit: I'm an old Cabinet Maker. I'ld like to see that number raised. [
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