Are you planning on designing a new house? Or are you buying a house in a development and picking a house design and floor plan from the half dozen the developer is offering? Or are you searching for the right house design and plan from the thousands and thousands that are offered for sale? If you fit into any of these categories, there is one critical first step you should take.

Probably the most important thing must do before even looking for floor plans is to write a “program” for your new house. Before architects begin a design, we write out a list of the required spaces or rooms, target room sizes, and desired characteristics and features for each room. This list is called the program. It is essential your goal for your house design. Lesson Eight in my book, Designing Your Perfect House, we discuss how to do this properly and effectively. (more…)

      Do you want to control your homebuilding costs? Do you have electrical plans for your new house? Many stock plans show some electrical information, i.e. the location of switches, light fixtures and electrical outlets. Chances are this layout will not meet your needs, if you have a plan at all. One of the primary sources of homebuilding cost overruns is in the electrical work. If you do not have a well defined, complete plan that shows every switch, which lights each one controls, every electrical outlet, every telephone jack and every television jack, you will not have a guarantee that the contractor is planning on providing what you want in his contract price. I’ve seen people add numerous additional devices only to be shocked when the electrician tallies up the final total and presents the customers with a bill for the extras. Even if the cost is only $30 or $40 per device, they can add up fast and you’ll find yourself with thousands of dollars of homebuilding costs you never anticipated.

      Many electricians base their price on the number of junction boxes they install. Each switch, each electrical outlet and each light fixture counts as one box. So if you add an overhead light and a wall switch, this counts as two boxes. Usually, the location of the boxes does not matter. It is the number of boxes that is critical to your homebuilding costs. (more…)

    Now is a great time to build! Builders are hungry, prices of many construction materials are low, and the vendors are making deals to get business. If you have the resources, don’t wait. Build now and capture the savings. Right now, Warren Buffett is buying U.S. stocks because he sees them as a low-priced opportunity. Construction costs represent the very same opportunity. You can cash in big time if you act now. 

    I got a note from a prospective client recently asking for my advice on what construction costs might be for a new house. They were in the early stages of planning and wanted to get an idea of how much their new house might cost. Here is my answer:

    I have recently had a house price out at $170 per foot and another as high as $275 per s.f. There are a lot of variable that can affect the cost, as you can imagine. The formula I use is to include all of the “heated” square feet. I do not count the garage and/or porches. This formula is sort of the industry standard. For budgeting purposes, I would suggest using $200 per s.f. as the low end and $250 as the higher end. Of course, it is possible to go considerably higher. The variability of cost is due to different exterior materials, the shape of the house, the appointments within the house, and the site considerations. But above $250 per s.f., the added cost is attributed to particular items, like very expensive cabinetry or particular site conditions, and things like that. It’s hard to get more definitive than that until the house is designed and those numerous variables are known. (more…)