4 ms·
I have been able to find 2000 sq ft homes for around $500K in Modesto, CA. Even if you assume you are getting land for free, I think it is insane that a 540 sq
by pacetherace 4y ago
I have been able to find 2000 sq ft homes for around $500K in Modesto, CA. Even if you assume you are getting land for free, I think it is insane that a 540 sq ft home would cost almost same as a 2000 sq ft home.
Even then if you assume a 50% markup due to difference HCOL and better rates big builders would get, I think we are still talking about construction rate of about $375/sqft. So a 550-600 sq ft homes would cost around $225K.
But as an anecdote I did an additions project a few years ago and got quotes ranging from $100K to $300K. And surprising to me, the $300K quote guy was very busy. So I guess there are people who sort by "High to Low" and go with the highest bid.
- bombcar 4y agoMy contractor friend told me that his rule of thumb is keep increasing the price quotes until he has steady work and a moderate backlog. So your $300k guy may have been telling you "I'll do it but don't want to" or he may have been quoting out a higher-end job; there are many, many variables.