Can A House Be Built For Under 50K?

 
Thread Tools Search this Thread Display Modes
Old 12-04-2008, 08:09 PM   #1
Pro
 
healthyhomes's Avatar
 
Trade: GC/Carpenter
Join Date: Mar 2008
Location: Winnipeg, Manitoba Canada
Posts: 120
Rewards Points: 75

Can A House Be Built For Under 50K?


We do mostly renovations, so bear with me here! I want to build a home for myself. I want it to be roughly 2000 square foot bungalow. I also want a simple design.

I am just in the research stage now. All labour will be done by myself, and some of my guys except the mechanical work.

We will heat the house with a wood stove. We need it to be well insulated. My question is, what way would be a cheaper way to go, but not sacrificing too much quality. I was hoping for ICF, but material isnt cheap.

Ive also thought of doing slip form stone walls, no exterior finishing needed!


Can you guys give me some ideas please.
healthyhomes is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 12-04-2008, 08:10 PM   #2
Professional Instigator
 
rbsremodeling's Avatar
 
Trade: Design Build Remodeling Contractor DC MD
Join Date: Nov 2007
Location: Washington, DC/ Maryland
Posts: 6,872
Rewards Points: 2,000

Re: Can A House Be Built For Under 50K?


Quote:
Originally Posted by healthyhomes View Post
We do mostly renovations, so bear with me here! I want to build a home for myself. I want it to be roughly 2000 square foot bungalow. I also want a simple design.

I am just in the research stage now. All labour will be done by myself, and some of my guys except the mechanical work.

We will heat the house with a wood stove. We need it to be well insulated. My question is, what way would be a cheaper way to go, but not sacrificing too much quality. I was hoping for ICF, but material isnt cheap.

Ive also thought of doing slip form stone walls, no exterior finishing needed!


Can you guys give me some ideas please.
84 lumber prepackage house kit. Good friends and lots of beer ( after working hours of course)

Advertisement

__________________

rbsremodeling is offline  
Old 12-04-2008, 08:53 PM   #3
Starving Tile Artist
 
wizendwizard's Avatar
 
Trade: Carpentry, Flooring & (UGLY) Tile installs.
Join Date: Nov 2007
Location: South Carolina
Posts: 1,216
Rewards Points: 500
Send a message via Yahoo to wizendwizard

Re: Can A House Be Built For Under 50K?


About 3 years ago I actually worked up the materials cost for building a 3200 sq ft ranch style 3 bedroom single level for us. Total cost at that time came to $36,290.00.

I think it may still be possible to come in under $50,000.00.
__________________
"If you start the grout process over, you too could use sparkly grout!"
There is no such thing as an illegal immigrant, they are either illegal or immigrants.
I'm Retired, or a student, don't really know anymore.
wizendwizard is offline  
Old 12-04-2008, 09:01 PM   #4
Pro
 
Joasis's Avatar
 
Trade: General Contractor
Join Date: Mar 2006
Location: Hennessey, Oklahoma
Posts: 7,643
Rewards Points: 4,038

Re: Can A House Be Built For Under 50K?


If you can do it all...and I mean all, you can easily beat the number. My own 3200 sq/ft home will cost around 70k. A basic home in this state, meaning no stained trim, no crown, basic....can be built for $50 a sq/ft and that has labor in it.

A great book to pick up is "Building an Affordable Home" by an engineer named Ruiz......he is a major proponent of value engineering.

On another note, I had an on site visit from HD commercial sales reps...and the deals they offer to get a contractor's business are getting unreal.
__________________
Ladwig Construction
Hennessey, Oklahoma
405 853 1563

Insulated Concrete Homes / ICF's
My Facebook Page
Joasis is online now  
Old 12-04-2008, 09:08 PM   #5
Duane
 
Duane1982's Avatar
 
Trade: Roofing Siding and remodeling
Join Date: Dec 2007
Location: Wolcott NY
Posts: 129
Rewards Points: 75
Send a message via AIM to Duane1982

Re: Can A House Be Built For Under 50K?


Be prepared to work like a dog on evening and weekends, buy beer in kegs(budget) and use home depot's bid room to get all building materials dirt cheap. It can be done but I would think for another 20k you can get much nicer material to work with.
Duane1982 is offline  
Old 12-04-2008, 09:10 PM   #6
Pro
 
dirt diggler's Avatar
 
Trade: contractor
Join Date: May 2006
Location: east
Posts: 3,309
Rewards Points: 2,000

Re: Can A House Be Built For Under 50K?


are you kidding?

there's guys on here that have offered to work for NOTHING. (Seriously - do a recent search)


I bet you can round up guys just off here AND beat that number
__________________
Thanks in advance!!!
dirt diggler is offline  
Old 12-04-2008, 09:15 PM   #7
Don
 
rotarex's Avatar
 
Trade: Renovator/ Builder
Join Date: Mar 2008
Location: Toronto
Posts: 1,322
Rewards Points: 508

Re: Can A House Be Built For Under 50K?


here is my price list in canadian
list do not include exterior cost eg. brick, siding ect ect
price includes full finish, painted, baseboard ect ect
price is material only
what will kill you is kitchen, only,.......furnace, water heater cheap (auction it)

interior partition wall- $15.5 li/ft insulated 2x4x9 ft studs
exterior wall - $17 li/ft 2x6x9 ft with exterior ply
flooring with average 14 sq ft with 2x8 joist/ply/ and wood flooring
roof $7/ sq ft
celin $3/ sq ft

as you can see it works out cheap to pay a contractor will cost $210,000
fully done...material - $60,000

but you can cut cost again by, kitchen, lighting, fixtures, all the blings down to under 40 Gs and again this is canadian prices so do the math

P.S as a reno guy this is an easy calculation
__________________
Custom Decks
Custom aquarium all salt water
Renovation
next on my list............planting trees for all those material i used
rotarex is offline  
Old 12-04-2008, 10:23 PM   #8
Pro
 
copusbuilder's Avatar
 
Trade: Builder
Join Date: Nov 2005
Location: Crockett Texas
Posts: 1,367
Rewards Points: 500

Re: Can A House Be Built For Under 50K?


If you check the www.etexasrentals.com site and look at the "Gregory" you will see a home that was built with land, jacuzzi, decks and furniture for just about $70,000
All labor was donated by me and the wife with a few helpers here and there.

The house has a corner whirlpool and tile baths, laminate floors and tile throughout...and washer and dryer. Even landscaped.

Yes it can be done. Just an s-load of work
copusbuilder is offline  
Old 12-04-2008, 10:46 PM   #9
Duane
 
Duane1982's Avatar
 
Trade: Roofing Siding and remodeling
Join Date: Dec 2007
Location: Wolcott NY
Posts: 129
Rewards Points: 75
Send a message via AIM to Duane1982

Re: Can A House Be Built For Under 50K?


I can't even get a crappy 3 tab shingle for 7sq ft let alone nails, drip edge felt etc. No offense but those material numbers seem really low.
Duane1982 is offline  
Old 12-04-2008, 10:56 PM   #10
Deck Designer/Builder
 
DecksEtc's Avatar
 
Trade: Construction Project Manager
Join Date: Oct 2004
Location: Whitby, Ontario
Posts: 2,430
Rewards Points: 1,000

Re: Can A House Be Built For Under 50K?


Quote:
Originally Posted by Duane1982 View Post
I can't even get a crappy 3 tab shingle for 7sq ft let alone nails, drip edge felt etc. No offense but those material numbers seem really low.

Why do you need to buy shingles to build pools?
__________________
I am the liquor - Jim Lahey, Trailer Park Supervisor
DecksEtc is offline  
Old 12-04-2008, 10:57 PM   #11
Mod / ArchiBuilder

 
Cole's Avatar
 
Trade: Design/Build Outdoor Living
Join Date: Aug 2004
Location: ArkLaTexOma
Posts: 6,884
Rewards Points: 2,086

Re: Can A House Be Built For Under 50K?


I agree, if you can handle 80% of all work put into the home, you can beat that number easy!

I agree with Jay, value engineering!

I would love to help design a house plan that uses value engineering throughout the house but still have style. I know it would be tough, but would probably be a learning experience.
Cole is online now  
Old 12-04-2008, 11:10 PM   #12
Pro
 
AtlanticWBConst's Avatar
 
Trade: Lic. GC/Remodr - Commercial/Residential/Industrial
Join Date: Mar 2006
Location: New England
Posts: 2,703
Rewards Points: 2,000

Re: Can A House Be Built For Under 50K?


Sustainable materials, salvaged, etc, can also reduce cost.

If you have time for the planning stage, you can compile/shop around for discount materials, recycled materials, re-usable, salvaged materials, etc, etc.


Similar concept: I was over a friend's house last week, and about 80% of all his building materials were gleaned from left-over and salvaged wood, from his own past contracts. He did his entire livingroom floor with salvaged hardwood. The walls and ceilings of His 50x24 rec-room with vaulted ceilings was salvaged barn board, purchased for cheap off a guy that bought it, but changed his mind....
__________________
- Build Well -

Last edited by AtlanticWBConst; 12-04-2008 at 11:12 PM.
AtlanticWBConst is offline  
Old 12-04-2008, 11:20 PM   #13
Starving Tile Artist
 
wizendwizard's Avatar
 
Trade: Carpentry, Flooring & (UGLY) Tile installs.
Join Date: Nov 2007
Location: South Carolina
Posts: 1,216
Rewards Points: 500
Send a message via Yahoo to wizendwizard

Re: Can A House Be Built For Under 50K?


WTH!!!!

Nobody mentioned we were using salvaged materials to build this!!!

I have enough remained tile and bathroom accessories to build at least 2. It may not be your color choices, but green glass wit cobalt blue and sand mosaics would make a nice "ocean" themed bath.

That white 60" vanity would work also.
And I have a single vanity top to go with that.

??Used toliet?? Ummmm, NO!
__________________
"If you start the grout process over, you too could use sparkly grout!"
There is no such thing as an illegal immigrant, they are either illegal or immigrants.
I'm Retired, or a student, don't really know anymore.
wizendwizard is offline  
Old 12-04-2008, 11:26 PM   #14
Pro
 
wackman's Avatar
 
Trade: Builder, Additions, large remodels...Lately also small remodels.......
Join Date: Nov 2005
Location: Portland Oregon
Posts: 889
Rewards Points: 500

Re: Can A House Be Built For Under 50K?


The numbers you guys have here seem unbelievable to me. Maybe we pay way more for our materials than you do due to location but my last three houses actual construction costs (complete, ready to move in, all sub labor) was right around 225k each. These are nice homes but not that nice. 2400 sqft, granite slab counters, etc...

Shoot, my permit fees all by themselves are 28k!!

I'd really like to see some more numbers from you guys who have researched it or actually built it for around that much. I might need to change some things if it's possible to lower my costs that much.

Wack
__________________
"I only bother remembering things that I can't easily look up." Albert Einstein
wackman is offline  
Old 12-04-2008, 11:28 PM   #15
Pro
 
AtlanticWBConst's Avatar
 
Trade: Lic. GC/Remodr - Commercial/Residential/Industrial
Join Date: Mar 2006
Location: New England
Posts: 2,703
Rewards Points: 2,000

Re: Can A House Be Built For Under 50K?


24'x24' house, on slab = 1 bedroom, wood burning stove for heat.
__________________
- Build Well -
AtlanticWBConst is offline  
Old 12-04-2008, 11:33 PM   #16
It's all about the Avatar
 
woodmagman's Avatar
 
Trade: General Contractor
Join Date: Feb 2007
Location: Alberta
Posts: 1,813
Rewards Points: 1,010

Re: Can A House Be Built For Under 50K?


Quote:
Originally Posted by healthyhomes View Post
We do mostly renovations, so bear with me here! I want to build a home for myself. I want it to be roughly 2000 square foot bungalow. I also want a simple design.

I am just in the research stage now. All labour will be done by myself, and some of my guys except the mechanical work.

We will heat the house with a wood stove. We need it to be well insulated. My question is, what way would be a cheaper way to go, but not sacrificing too much quality. I was hoping for ICF, but material isnt cheap.

Ive also thought of doing slip form stone walls, no exterior finishing needed!


Can you guys give me some ideas please.
ICF…Your shell is going to cost you that!... You’re in Winterpeg….try straw bale or subterranean….I can not see ICF conventional….
woodmagman is offline  
Old 12-04-2008, 11:34 PM   #17
Pro
 
AtlanticWBConst's Avatar
 
Trade: Lic. GC/Remodr - Commercial/Residential/Industrial
Join Date: Mar 2006
Location: New England
Posts: 2,703
Rewards Points: 2,000

Re: Can A House Be Built For Under 50K?


Quote:
Originally Posted by healthyhomes View Post
....Can you guys give me some ideas please.
Yeah, plan on spending more money...
__________________
- Build Well -
AtlanticWBConst is offline  
Old 12-04-2008, 11:35 PM   #18
Starving Tile Artist
 
wizendwizard's Avatar
 
Trade: Carpentry, Flooring & (UGLY) Tile installs.
Join Date: Nov 2007
Location: South Carolina
Posts: 1,216
Rewards Points: 500
Send a message via Yahoo to wizendwizard

Re: Can A House Be Built For Under 50K?


Quote:
Originally Posted by wackman View Post
Shoot, my permit fees all by themselves are 28k!!

Wack
I've been to Portland..........I never saw any reason for permits to be that high.

As for materials cost... They should be cheaper there in the land of the big woods.

I'm not doubting you though.
__________________
"If you start the grout process over, you too could use sparkly grout!"
There is no such thing as an illegal immigrant, they are either illegal or immigrants.
I'm Retired, or a student, don't really know anymore.
wizendwizard is offline  
Old 12-04-2008, 11:44 PM   #19
It's all about the Avatar
 
woodmagman's Avatar
 
Trade: General Contractor
Join Date: Feb 2007
Location: Alberta
Posts: 1,813
Rewards Points: 1,010

Re: Can A House Be Built For Under 50K?


What is the meter price on concrete in the peg..?
How much for pumper rentals?


Your concrete, ICF and rentals is going to be half that budget, you have plumbing Electrical, framing interior and exterior finishes, window cabinets flooring…….man you should know better than that if you are in the business……good way to blow cash and end up with trash.

Last edited by woodmagman; 12-04-2008 at 11:51 PM.
woodmagman is offline  
Old 12-05-2008, 12:00 AM   #20
It's all about the Avatar
 
woodmagman's Avatar
 
Trade: General Contractor
Join Date: Feb 2007
Location: Alberta
Posts: 1,813
Rewards Points: 1,010

Re: Can A House Be Built For Under 50K?


There is about ninty meters of concrete, unless you are going grade beam and piles. Is your wife going to be chopping wood and feeding the fire while you are out working, can not go any where cause the fire will go out and the water will freeze, not to mention all the crap you put in the air by burning 24/7....at about 60% effecient.

Advertisement

woodmagman is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
every year house Traditions2 Painting & Finish Work Picture Post 3 12-06-2010 11:48 PM
house alarm in trailer cooks Low Voltage 7 10-24-2008 09:59 AM
Brick House Quinn Decks & Fencing 28 10-22-2008 11:04 AM
House moving Toolwh@#e Excavation & Site Work 10 10-21-2007 11:23 PM
what 2 use 4 water line to house? national Plumbing 15 10-04-2007 11:31 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?