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Should You Buy A Home Now, Cost to Build

 By Robert Slye

 

I was in the building industry from 2001-2007 and then from 2015-2018. By 2018, it had gotten so difficult to deal with permitting authorities and to find good subcontractors that I decided to stop building. Building a house is just a process, and the process itself had become such a grind that it wasn’t worth the hassle.

I only mention this because recently I was asked to build a few rental houses for a client. He said, “You built the same houses in 2018 for $84 a sq. ft., what do you think it would cost to build today?” I told him, “I don’t know, haven’t thought about it, but as a guess maybe $105 a sq. ft. Give me a couple days and I will find out.” I pulled up my old price list…and started calling material suppliers and subcontractors to find out what the new prices were. Here’s a sample of what I found:

Material costs in 2018 vs 2022:
Concrete went from $101 a cu. yd. to $162. A 61% increase
Garage doors went from $600 to $1300, an 116% increase
Sod went from $100 to $155, a 55% increase
Shingles went from $22 to $36, a 63% increase

 

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