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Do These National New Construction Costs Measure Up in Your Area?

  • Writer: Debora Sanders
    Debora Sanders
  • Jan 27, 2022
  • 1 min read

Residential construction costs can vary from state to state so the numbers below may not apply to your location, especially in Northern California. The Monterey Peninsula definitely falls outside these numbers. Contributing factors for higher costs include availability of workers, scarcity of local materials and building requirements that add time and money to a project.

Here are the 2019 National Results for Single Family Cost Breakdown for New Construction based on Average Lot Size: 22,094 and Average Finished Area: 2594.

Foundations $33,511

Framing/Trusses/Sheathing etc $51,589

Exterior Finishes $41,690

Plumbing $14,745

Electrical $13,798

HVAC $14,111

Insulation $5,184

Drywall $10,634

Interior trim, doors $10,605

Painting $8,254

Lighting $3,437

Cabinets $13,540

Flooring $11,998

Plumbing fixtures $4,108

Landscaping $6,506

Driveway $6,674

Source: Realtor Magazine. Breaking Down the Cost of Buiding a Home, February 12,2020

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Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-620-2936

License: DRE#01966114

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Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

*All Rights Reserved*

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