Cost to build a large custom home (5,000 square foot 5 bed six bath)

This article is part of a series of posts on real project costs.  New Avenue is the leading national design/build system.  Homeowners and contractors enter bids  in our system and send and receive payments for completed work.  Any changes are submitted by the contractor and approved by the owner before the budget changes.  This keeps your project budget transparent, fair and under control.   It’s like PayPal for remodeling and building.  We get a unique ability to collect the complete project costs.  We share these costs to help inform owners, architects and contractors. 

If an owner does not have a team in place, we have a network of proven architects and contractors who are committed to creating homes that make owners healthier, wealthier and happier. 

A custom home is often a once in a lifetime project.  A dream home that is custom designed, permitting and built within two hours of a major city is an entirely different project from a tract home or existing home.

This following budget is for a 5,000 square foot custom home.   This was architect designed and custom built.  The construction costs include every detail needed for the contractor to complete the home. Your project will certainly be different however costs for a home of this quality are comparable outside of any major metro area.

 

Here is a list of the almost 100 line items used to track the progress and pay for work as it is completed.

General Conditions Allowance

Mobilization $ 1,500.00

Sanitary Facilities $ 1,500.00

Dumpsters $ 6,500.00

Progress Cleaning $ 1,000.00

Final Cleaning $ 1,500.00

Project Supervison $ 25,000.00

Shop Drawings & Samples & Mock-Ups $ 4,000.00

Silt Fencing & Erosion Control $ 1,800.00

Sub- total $ 42,800.00

Site Work

Demolition $ 19,500.00

Excavation $ 18,000.00

Backfill & Drainage $ 17,000.00

Rough Grading $ 14,000.00

Rain Gardens $ 9,500.00

Utility Trenching $ 12,000.00 *

Road Cleaning $ 2,500.00

Driveway $ 18,680.00

Tree Clearing $ 1,000.00

Excavate for Retaining Walls and Propane Tank $ 5,000.00

sub-total $ 117,180.00

Concrete and Masonry

Concrete Foundation and Slab $ 55,200.00

Foundation Waterproofing $ 2,100.00

Boulder Wall and trench drain $ 25,000.00

Stone Veneer on Foundation $ 30,800.00

Chimney veneer $ 5,500.00

Front Entry Step $ 2,800.00

Polished Concrete Floor $ 5,000.00

Division 3- sub-total $ 126,400.00

Division 4- Metals

Structural Steel $ 2,500.00

Gutters $ 2,000.00

sub-total $ 4,500.00

Wood and Plastics

Framing Materials $ 55,000.00

Exterior Materials $ 30,000.00

Interior Materials $ 16,500.00

Framing Labor $ 80,000.00

Exterior Labor $ 45,000.00

Interior Labor $ 82,000.00

General Labor $ 8,000.00

Porch /Deck/Railings(allowance) $ 31,500.00

Outdoor Shower $ 3,500.00

sub-total $ 351,500.00

Windows/Doors

Anderson Windows and Exterior Doors $ 43,000.00

Garage Door- (allowance) $ 3,000.00 A

Interior Doors $ 6,500.00

sub-total $ 52,500.00

Thermal and Moisture

Insulation $ 28,000.00

Roof $ 23,600.00

Roof top Snow Melt $ 2,500.00

sub-total $ 54,100.00

Division 8- Finishes

Drywall $ 21,200.00

Exterior Painting $ 20,500.00

Interior Painting $ 28,000.00

Kitchen Counter(allowance) $ 8,500.00

Flooring- Wood $ 29,900.00 A $6.50 per sf for material

Tile Material (allowance) $ 11,000.00

Tile – Install, waterproof, setting(allowance) $ 18,500.00

sub -total $ 137,600.00

Millwork

Kitchen Cabinet (allowance) $ 35,000.00

Bath Cabinets and Counters (allowance) $ 15,000.00

Master Walk-in Closet (allowance) $ 3,000.00

Closets and Shelving (allowance) $ 5,000.00

Bunk Beds and other Cabinets (allowance) $ 7,500.00

Fireplace Surrounds and Related (allowance) $ 3,500.00

Medicine Cabinets (allowance) $ 1,200.00

Stairs $ 19,500.00

Workbench $ 1,500.00

Balcony Rail $ 2,300.00

sub total $ 93,500.00

Specialties

Door, Bath and Cabinet Hardware (allowance) $ 16,750.00

Plumbing Fixtures, Shower Glass and Mirrors(allowance)$ 25,000.00

sub-total $ 41,750.00

Equipment

Appliances(allowance) $ 35,000.00

Generator – 22kw $ 8,500.00

Zero Clearance Fireplace Unit (allowance) $ 8,000.00

Appliance Install $ 3,500.00

sub-total $ 55,000.00

Mechanical

HVAC $ 55,000.00

Plumbing $ 29,000.00

Propane Tank $ 4,300.00

Gas Piping $ 1,200.00

HRV/ERV $ 4,000.00

sub-total $ 93,500.00

Electrical

Electrical Service $ 5,900.00

Electrical Rough in $ 52,800.00

Electrical Fixtures (allowance) $ 20,000.00

Alarm Install (allowance) $ 2,000.00

TV, Data (allowance) $ 25,000.00

sub-total $ 105,700.00

Landscaping

Stone Paths $ 2,530.00

Soil/Seed (allowance) $ 12,000.00

Irrigation(allowance) $ 5,000.00

Stone Dock(allowance) $ 15,000.00

Shore Protection (allowance) $ 35,000.00

Stone Patio $ 5,750.00

Landscape Misc(allowance) $ 10,000.00

sub-total $ 85,280.00

Sub-total $ 1,361,310.00

GC Fee- $ 204,196.50

Total $ 1,565,506.50

No matter what you are considering, the New Avenue platform is the easiest way to get organized, get bids, hire a team and manage your project.

You can download the full budget in the New Avenue system format here: Country House Budget

Sign up to see example budgets, example floor plans, or to use the New Avenue system for free here: Get Started

How much does a custom mountain house or ski house in Jackson Hole, WY cost?

We recently completed a ski house for a value obsessed hedge-fund manager in Alta, Wyoming – just outside of Jackson Hole.

With custom design/build the variation is limitless.  There are DIY homes in Wyoming that cost under $100,000 while down the street jet-setters build $10,000,000 ranch getaways.

This post is for the person who’s lucky enough to be considering an architect designed home in any mountain ski town but you’re not a multimillionaire.

The initial bids for this mountain house came in at $810,000, $813,000 and $858,000.  The project, once completed cost just under $850,000.  It is now listed on AirBnB for tax and income purposes.

This project has a main home and a “barn” that doubles as a gear shed, guest house and office.

Here is are the floor plans, elevations and site plan for both the “barn” and the main house.

Alta House - Barn Plan Alta House - Barn Elevations Alta House Elevations Alta House Site plan Alta House Floorplan

 

And here are the photos of the finished home!

Alta ExteriorAlta Exterior 4Alta Exterior 4Alta Exterior 2Alta Office Barn GarageAlta Exterior 3Alta Living 2Alta Kitchen ViewAlta Living ViewAlta KitchenAlta DiningAlta Dining and KitchenAlta Bed 2 View Alta Bedroom ViewAlta ViewAlta Ice Rink

Alta Fun

For a detailed budget of this project, floor plans or to use the free New Avenue project management system you can sign up for free here: Get Started