I'm buying a piece of land near Ottawa in the country to build my own house. I will be the general contractor.
I'm currently working on the budget for the construction bank loan and overall cost to build.
Here is my chosen plan https://www.homeplans.com/plan/2338-square-feet-4-bedroom-3-00-bathroom-2-garage-sp136655
A few questions:
What will the rough cost be per sq.ft including material for my chosen plan?
As well what is the rough cost per sq.ft for framing for my chosen plan?
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For now I'm at the budgeting phase and not ready to submit for a bid yet. Just need my numbers for the bank loan approval. Once I have the approval I will start with submiting for a bid
Or is it ok to request and estimate even if I'm not ready to build?
I use the Canadian Cost Guide from Altus Group to determine Average Cost Per Square Foot of different kinds of builds all over the country. If you Google it you should be able to find the document for yourself.
According to the document, average construction costs only (not including land and soft costs) for the Ottawa/Gatineau region for Custom Built Single-Family Residential ranged from 420-870 Dollars a Square Foot.
For single-family residential with unfinished basement it ranged from 110 to 150 Dollars per Square Foot. If you're looking at buying a ready-made plan on the internet I'd guess you'd fit into the second range, though I haven't looked at the plan myself and can't speak to its level of detail or complication.
The construction guide is for development costs for developers/builders/contractors/etc. As an individual and building only a single home rather than a subdivision worth of homes, your price would naturally be somewhat higher. By how much, I can't guess as I am not familiar with your region.
I hope this helps you with your initial budget estimates though.
Borle Bros. Contracting Corp.
I found the Altus Contruction Guide. Thank you Ethan
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