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Old 03-08-2005, 12:57 PM   #1 (permalink)
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Default Chicagoland home construction costs

I am currently living in a townhouse and am looking to move into a bigger house, specially as the little one grows up.

Looking at the cost of new/newer houses in the areas I want to be , its probably streching my budget a bit too much and I just cannot buy something I cannot afford. So I started looking into getting a home constructed.

Does you know what the construction costs are in this area. I know things vary a lot by the material etc but still a ball park figure would be nice. I did find this website : http://www.building-cost.net ..not sure how accurate the prices are in this....(if it is accurate then I will usrely go the route of getting a home constructed).

any input is appreciated...
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Old 03-08-2005, 01:17 PM   #2 (permalink)
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Those figures are just estimate. Your construction cost will depend on the architectural blueprint and the cost of construction in your area($per sq.ft.). Any upgrades in materials will also add to the standard construction cost.
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Old 03-08-2005, 01:20 PM   #3 (permalink)
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Originally posted by john802
Those figures are just estimate. Your construction cost will depend on the architectural blueprint and the cost of construction in your area($per sq.ft.). Any upgrades in materials will also add to the standard construction cost.
right I understand that... I am just looking for a ballpark $ per sq ft
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Old 03-08-2005, 01:21 PM   #4 (permalink)
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I say that is a bit low, but not bad.

I would put a 15% to %20 fudge factor on based on my house and what it cost to build.
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Old 03-08-2005, 01:34 PM   #5 (permalink)
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Originally posted by N_Jay
I say that is a bit low, but not bad.

I would put a 15% to %20 fudge factor on based on my house and what it cost to build.
so around $100 per sq ft for a average (plan, material etc) house
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Old 03-08-2005, 01:54 PM   #6 (permalink)
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Quote:
Originally posted by ramirami


so around $100 per sq ft for a average (plan, material etc) house
Sure, that is close enough to start.

You wife will blow the budget anyhow.
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Old 03-08-2005, 01:55 PM   #7 (permalink)
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You wife will blow the budget anyhow.
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Old 03-08-2005, 03:37 PM   #8 (permalink)
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yeah right!!!
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Old 03-08-2005, 09:25 PM   #9 (permalink)
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If you guys need a professional, give me a PM

Architect/Realtor here......
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Old 03-08-2005, 09:59 PM   #10 (permalink)
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Quote:
Originally posted by robottik



Good luck with the house Rami.

I was wondering... Anybody know if adding a second floor to an existing house would run approximately the same per foot (Chicago area)?

Since no foundation work is needed I wonder if the cost per foot would be any less?

We've owned a single story house for a few years, and given housing costs in this area, it may be better for us to just build up rather than move.
Remodeling/new construction usually cost a little bit more due to labor cost.
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Old 03-08-2005, 10:48 PM   #11 (permalink)
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Quote:
Originally posted by robottik

I was wondering... Anybody know if adding a second floor to an existing house would run approximately the same per foot (Chicago area)?

Since no foundation work is needed I wonder if the cost per foot would be any less?

We've owned a single story house for a few years, and given housing costs in this area, it may be better for us to just build up rather than move.
You may have to have work done on the 1st floor walls to support the second floor, so that may up the price a bit.
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Old 03-09-2005, 02:39 AM   #12 (permalink)
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Quote:
Originally posted by robottik



Good luck with the house Rami.

I was wondering... Anybody know if adding a second floor to an existing house would run approximately the same per foot (Chicago area)?

Since no foundation work is needed I wonder if the cost per foot would be any less?

We've owned a single story house for a few years, and given housing costs in this area, it may be better for us to just build up rather than move.
There's always additional foundation work and reinforcement to carry the additional weight of the 2nd floor and to meet the new building code in my professional opinion.
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