If it costs $100 per square foot to build a house. What percentage of that is labor?
Ballpark estimates are fine. I'm accustomed to all the but if possibilites.
Ballpark estimates are fine. I'm accustomed to all the but if possibilites.
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At $100 per square foot that's a pretty basic finish out so labor and material should be about 50/50. The way new homes are constructed with multiple labor subcontracts and labor/material subcontracts it's kind of hard to break out what is and isn't labor. For instance a carpenter subcontractor may pay his guys $15 an hour but by the time he pays insurance, workers comp, furnishes trucks, tools, disposables like nails, saw blades, tool repair, etc. he might have to figure jobs at $35 an hour to stay in business.Comment
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Used to be around 50% or more when my dad was contracting. I know we built his house for for $35k in the early 90's and all he did was complain when we got done because the tax man told him it was worth $100k.Comment
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When you say 100 dollars a foot for a house, does this include the lot ?Comment
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We built a really nice house two years ago and did all dirt work, electrical, and flooring ourselves. It came to $86/ft, but could've been cheaper. We have a lot of cabinetry, stone work inside and out, and some pretty nice trim. In hindsight I think I could've built the same house and saved another $30K if I'd known then what I know now.Comment
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Factor out about 12-15 percent of the total cost for the building contractor. That would be a good range for his fee and then you can get a better idea of real labor costs.Comment
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I would guess 50% is close. Figure you are paying at least 6-8 people every day for four months.Comment
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About 50% for labor.When constructing new homes keep in mind that appliances and fixtures are a huge cost towards the end,so any deals or discounts on these items may amount to a substantial amount of savings .Comment
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