Cost to Build Small Designer Home by Owner Builder

hi guys Michael with ownerbuilderclass.com here so today I want to share with you a really interesting single story house plan that can be built affordably and provides an opportunity for future expansion now you can see the house design behind me here it's got a ton of curb appeal and is quite efficient to build now I'm going to share with you the details of the Home Design talk about what makes it special and give you the cost to build but before I jump into that I really want to give you guys the owner Builders out there a quick update on current professional builder markup and give you an update on lumber prices so the big National home builders are still achieving near record margins on the homes that they build so how much money are these guys making right now well as those of you that have been looking for a new home know existing home listings are down across the country meaning there's just not that much to choose from in most markets so new home pricing it's still relatively strong so DR Horton one of the nation's largest home builders just came out with earnings today and they said their their gross profit margins dropped 730 basis points which is pretty pretty big um so their markup which was 42 over the last 12 months has most likely Fallen somewhere into the mid 30s for markup and this gives owner Builders kind of the range of potential savings when they build their own home it's not we're not saying that you're going to save you know 35 or 40 percent we're just saying that this is the probably the upper band of what you know you could save if you actually took on some of the work yourself as well now let's talk about lumber prices the largest material cost when building a new home now looking at the lumber futures contracts for delivery next month we see prices are at 380 dollars now the highs over the past 12 months were 874. now that's a 56 drop in prices over the last 12 months now this is great news for anyone looking to build a new home except the big Builders aren't passing the savings on to buyers now remember those fat margins we just talked about now and this is one of the reasons becoming an owner Builder can provide huge savings right now because you'll get to take full advantage of the savings on the lumber price drops and there's no Builder markup on your new home so now that we've got that out of the way let's move on to this really interesting house design available from America's best house plans now I want to quickly mention that I have no affiliation with this house plant company I just like the way they run their business now all cost information that I'm going to share with you guys today from is from National cost data books and my personal experience as a home builder and none of it was provided by the house plant company so starting with the front elevation of this house design I really like that white trim on the front it really pops against that siding I also like the two reverse Gables those two big columns and that big front porch as they really spice up this front look from the street now before we do a video walkthrough of the house I want to quickly show you the floor plan now it's an efficient structure with a rectangular shape for the main house and then the oversized two-car garage is tucked up into the house design again efficient it's a three bedroom two full bath 1521 square foot design where the master suite is separated from the other two bedrooms giving plenty of privacy from the kids or the guests now the other efficient design component I want to point out here is the lack of hallways other than that small one outside the guest bath now hallways are very inefficient as they serve only one real purpose and that is to get from point A to point B you don't hang out in the hallways or store stuff there so other than being a great place to put some family photo galleries on the wall there can be a major waste of space now back to the design I really like the open concept kitchen to family room which will provide lots of space for entertaining now let's do a walk through the home to show some of the key features now heading through that front door we enter right into that great room I really like those big windows and how they Splash that area with natural light and that big open kitchen with Island allows people to congregate in the space while food is still being prepped now that rear kitchen door to the big covered patio is a really nice feature adding another dining option and for extending the living space into the outdoors now these covered outdoor spaces typically cost less than half the cost of the Interior living space so it's really efficient now heading into the mud room off the garage entry we see there's space for coats and shoes and that master bedroom is a generous size for a smaller home at 13 feet by 15 foot 8 inches now heading into the master bath we see dual vanity sinks a small window for natural light and for ventilation and a shower and off that mudroom entryway we have a laundry room with cabinet storage and a countertop for folding clothes now we see the garage is 25 feet deep which should accommodate most pickup and SUV models and at 525 square feet it's a bit larger than the standard two-car garage so that's the design now let's talk a bit about the estimated cost to build this home I'm going to give you guys the cost to build this plan with eight foot high flat ceilings a slab foundation and with average finishes meaning the finishes you see inside of this home with the video would be an upgrade including the tray ceilings the crown molding faux beams and things of that nature now in talking about the estimated cost to build we're using National cost data I think I mentioned that before your cost may be higher or lower depending on the local market that you're in I'm also going to give you the cost based on the project being managed by the owner you taking on the general contractor rule which is also called an owner Builder now for those of you wanting to explore becoming an owner Builder stop by our website at ownerbuilderclass.com so looking at this home and applying the national cost data numbers the overall cost to build not including the land would be 232 816 now if you wanted to lower the cost you could eliminate that rear porch and a few of the other features now I think this house plan provides a tremendous value for anyone looking for a three bedroom two bath design with a two-car attached garage it's relatively affordable to build and packs a lot of useful space in a relatively small footprint now I'm going to put a link to this home design in the video description below for anyone wanting more information this is Michael luckadoo with ownerbuilderclass.com thanks for watching

Channel: Armchair Builder

Views: 149,070

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Id: XjwVMgKdehw

Length: 6min 31sec (391 seconds)

Published: Sat Apr 22 2023