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How much of that 30% is just labor costs? If you total up the time you spent doing the work, and multiply that by what you could have been paid working doing s
by spicyusername 2y ago
How much of that 30% is just labor costs?
If you total up the time you spent doing the work, and multiply that by what you could have been paid working doing something else, how does the savings change?
People should definitely build their own houses. Its custom fit to you and you get the satisfaction of doing it. But its also a lot of work, requires considerable time investment, and requires quite a bit of specialized knowledge.
- ty6853 2y agoNot sure. I lost about 4 months of work, rest was time where I didn't have other work offered to me so the opportunity cost was 0. But consider if I hired someone, I would lose 30% of my earnings to taxes. And then 50% of what I pay others goes to insurance/licensing/taxes/transportation etc. So really your labor costs should be about 30% if you bill your own time since it is tax free both ways and no overhead.
- potato3732842 2y agoBack in the day (this century) I was an under the table laborer for someone building their own house. He said it costs less than half as much and takes 4x as long. I.e. the majority of that 70% savings is not from labor.