Below you will find 6 variations of construction costs, with descriptions of each on the following -
Costs include General Contractor's Overhead and Profit and Fees.
Land costs, financing and other real estate related costs are not included.
NEW CONSTRUCTION
Per Square Foot Cost
Economy – $90 - $110
Fair – $110 - $125
Standard – $125 - $140
Custom – $140 - $165
Estate – $165 - $200
Luxury – $200 and up…
IN ADDITION TO THE ABOVE COSTS...
. . . there are other factors that can change the overall square footage prices:
JOB SITE CONDITIONS COSTS
There may be EXTRA structural, soils, foundation, retaining walls, etc. These Items, if needed, will add to the over all cost. For example a “Hillside Home” would require more foundation, caissons or retaining walls.
REMODEL and/or ADDITION CONSTRUCTION COSTS
There is also the addition of demos to the above cost. All of these items can add to the cost. For example adding a second story over an existing house would require making the existing structure stronger in framing and foundation to support the second story. There would then be repairs after those changes.
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Economy
This class of residence is constructed to meet code requirements and to provide adequate accommodations. There are no special features that make the residence attractive from the exterior and the interior finishes are minimum. These residences are usually square or rectangular (box shaped) with dimensions focused on easy and simple installation. The windows, doors, kitchen cabinets and plumbing fixtures are clearly inexpensive and installed with little concern for appearance. The quality of workmanship is indicative of inexperienced workers with minimum professional supervision. Emphasis, during construction, is placed on speed of completion. These residences are constructed from stock plans.
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Fair
This class of residence is constructed to meet code requirements and to provide adequate accommodations. There are a few features that make the residence attractive from the exterior. The interior finishes are minimum with a few features. These residences are usually rectangular (box shaped) with dimensions focused on easy and simple installation. Any projections or adornments are simple and inexpensive. The windows, doors, kitchen cabinets and plumbing fixtures are inexpensive and installed, suitably, but with little concern for appearance. The quality of workmanship is indicative of experienced workers working in an "assembly line" environment.
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Standard
This class of residence is constructed to meet and exceed code requirements and to provide comfortable accommodations. There are usually several features that make the residence attractive from the exterior. These features are standard but significant enough to give a residence an individual identity among similar residences. The interior finishes have several distinctive features. These residences usually have design enhancements that are functional and efficiently installed. The windows, doors, kitchen cabinets and plumbing fixtures are standard quality and carefully installed. The quality of workmanship is indicative of experienced workers working in a "structured" environment with several levels of quality control and accountability.
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Custom
This class of residence is constructed to exceed code requirements and to provide attractive and comfortable accommodations. There are usually several special features that make the residence attractive from the exterior. These features are modifications of standard and introduce uniqueness to the residence. The interior finishes have several special features. These residences usually have design features that clearly indicate that care was taken to give the residence the appearance of special architectural design. The windows and doors are carefully manufactured of high-grade materials and are carefully installed. Kitchen cabinets and plumbing fixtures are "built-in" and above standard in quality and installation. The quality of workmanship is indicative of experienced workers working in a "controlled" environment where attention to detail has precedence over speed of completion.
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Estate
This class of residence is constructed to meet the individual requirements of the design architect and/or owner. They normally exceed code requirements and provide unique, attractive and comfortable accommodations. There are many special design features that make the residence attractive from the exterior. These features are unique to the residence and clearly give it a special identity. The interior finishes have many special features. These residences have design features that clearly indicate that care was taken to give the residence the appearance of special architectural design. The windows and doors are carefully manufactured of high-grade materials and are carefully installed. Kitchen cabinets and plumbing fixtures are "built-in" and above standard in quality and installation. The quality of workmanship is indicative of experienced craftsmen working in close cooperation with an architect or professional designer. Attention to detail takes precedent over all other considerations.
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Luxury
This class of residence is constructed to meet the "unique and demanding" individual requirements of the design architect and owner. They normally exceed code requirements and provide "one of a kind," attractive and comfortable accommodations. There are many special design features that make the residence attractive from the exterior. These features often consist of special and unconventional building materials and craftsmanship that dominates the appearance of the residence. The interior finishes have many expensive features that include exotic woods and hand made ornamentation. The windows and doors are carefully manufactured of high-grade materials and are carefully installed. Kitchen cabinets are crafted from exotic wood and plumbing fixtures are "built-in" and superior in quality and installation. The quality of workmanship is indicative of experienced craftsmen working in close cooperation with an architect or professional designer. Attention to detail takes precedent over all other considerations.

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