new construction cost per square foot

Asked by Denise Burks, Naperville, IL Mon May 14, 2012

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Tamara Schuster’s answer
Tamara Schus…, Agent, Naperville, IL
Mon May 14, 2012
It all depends on the price of the lot. Because there is so few lots left in Naperville you can expect 175-250 a square foot depending on your upgrades. It really depends a lot on the cost of the initial lot.
1 vote
Scott Hulen, , 64068
Tue May 15, 2012
The absolute worst question in real estate because it is undefined! Cost per sq. ft. what does it mean? Is the land included, are real estate fees included, are city impact fees included, are taxes included, how about builder profit, bank profit & developer profit? What about floor plans, ranches cost significantly more to build then a two story and do we include finished sq. footage of walkout but not a basement? Finally are we talking about just materials or labor and materials? See where this goes and no one has a standard answer for this question! Your best bet is to focus on the value of the home as it relates to the surrounding area and a good full time Realtor® is your best bet in finding a home which represents quality & value. Good Luck!
0 votes
Inaas Arabi, Agent, Naperville, IL
Mon May 14, 2012
Hey Denise,

Thanks for using to get answers to your questions.

as for the question: the price per sqft is a very relative term because it is depended on the location, size of the house, upgrades and quality of building, but to give you a range you $155-$215 I know this is a big range but again unless we know your situation this will be the best we can do..

Anyhow please call me to discuss further, I work with many builders and I can recommend many based on your price range and location... thanks.

Best Regards,
Inaas Arabi
Option Realty Group
0 votes
Laura Bruno, Agent, Naperville, IL
Mon May 14, 2012
Hey Denise! Saw your question...I have been working with buyers for new construction and while most custom home builders do to like to quote price/sf due the variance in finishes I have found you can get new but basic for ~$150/sf and to get something nice expect to pay $175-$200/ sf, Call me with any further questions. Also still need to get a date on the calendar if you are still taking about the project we talked about last month. Cheers!
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