- Your Lot Cost will vary by where you want to build;
- A 1/2 Acre in Buckhead will run you $400k - $450k... which means you need to build at least a $1.2M+ home to make the numbers work.
- A 1/2 Acre in Woodstock or Acworth can run you $35k to $75k...
- It is all about location.
Bricks and Sticks
- If you want to build a single-story home on slab you can build for as low as $50 - $60 SF
- If you want to build a two-story home with nice finishes on slab you can build for $70 - $90 SF.
- If you want to build a custom home with above average finishes you can build for $100 - $135 SF.
- To add an Unfinished Basement to any of these figure $35k.
- The ranges obviously depend on the level of Exterior Finish Selections (e.g. Brick vs Stucco, Wood Window vs Metal Clad or Vinyl, etc.) as well as Interior Finish Selections (e.g. Appliance Package, Flooring, Light Fixture Package, Tile, Cabinets, Trim Package, etc.)
Lot Cost + Bricks/Sticks + 10% - 12% Builder Fee + Realtor Commission = Potential Sales Price
You really need to understand the Market where you are going to build. Using Recent Sold Comps will help you understand what the Market will bare for a similar Home... Start with the Potential Sales Price and work backwards so you don't over pay for a Lot or over specify the finishes.
I am a Licensed Realtor and former Home Builder so don't hesitate to call if you want to dig into the details.
The cost of new construction here will vary depending on your desired location. Depending where you would like to live it could cost you from $150K to $600K and up.
What part of the city would you like to be in?
Tyler Willis, REALTORÂ®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
I can set-up the meeting with you, me and builder as your earliest convenience. Give me a call, if you would like to utilize my services.
ACCESS COMMUNITY REALTY
When you see construction cost figures, they are based on professional builders and experienced contractors work, and have little relation to the costs incurred by the odd owner who tries to build his own home.
Let's not also forget to include the cost of labor. In the past, much of the "bull" work was completed by laborers and they were paid in "unconventional" ways. With the Feds running wild on immigration issues, much of this wrok force is gone - and the less effective and less motivated ones replacing them cost more and do less.
So for a better answer, get very specific
If you want SFH prices in areas on the Southside like Clayton County for example, you might find the average new construction home price is $160K - conversely new construction in East Cobb, say in the Pope High district is $550K. Area has a major impact and Atlanta is incredibly segmented.
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Corporate Relocations | New Construction | Luxury & Investment Properties
BIG QUESTION. Metro Atlanta's markets are quite segmented.
If I were to ask this question to an appraiser the response would be "what and where" is the property. From there, the appraiser would look at comparables inside the community and nearby as well.
Therefore, to give you an informed response I would like to ask you what type of property you are interested in and to know which locations that you favor. That would give me something to start with.
Also, hi-rises have not been built since 2008. So, nothing new there.
Thank you for the opportunity to comment. I welcome a conversation at your leisure.
Keller Williams Realty Atlanta Midtown