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Cost to Build a House (NYC 5 Boro Edition)(2024)
PUREWAL CONTRACTORS INC • September 30, 2024
Offering valuable insights into the construction industry, featuring expert tips, project showcases, and the latest trends. Providing practical advice for homeowners and builders alike, helping you make informed decisions about renovations and new builds
Building a new construction home involves several key factors:
1. Location: Choosing the right site is crucial. Consider proximity to schools, work, amenities, and overall neighborhood appeal.
2. Budget: Establishing a clear budget helps guide decisions on materials, design, and size, while accounting for unexpected expenses.
3. Design: Floor plans and architectural styles should reflect personal preferences and lifestyle needs, balancing aesthetics and functionality.
4. Materials: Selecting high-quality, durable materials impacts the home’s longevity, energy efficiency, and maintenance requirements.
5. Building Codes: Compliance with NYC DOB (Department of Buildings) regulations and zoning laws is essential for safety and legal approval. DOB approvals for new construction involves a lengthy process, starting off with a zoning review then proceeding to architectural review and then a review on plumbing and strutural systems (foundations, shoring, earthwork)
6. Contractor Selection: Choosing a reputable contractor with experience in new builds ensures quality workmanship and reliable timelines.Choosing a contractor with experience plays a role on whether your new build complete in the specified timeline to even passing inspections on time
7. Energy Efficiency: Incorporating sustainable practices and energy-efficient systems can reduce long-term costs and environmental impact.
8. Timeline: Establishing a realistic timeline helps manage expectations and keeps the project on track.
9. Landscaping: Planning outdoor spaces enhances curb appeal and complements the overall design of the home. With a new build, it is necessary to add landscaping and green areas. Per NYC DOB, it is a requirement to have 25% green areas on the property to obtain a new build approval.
10. Future Needs: Considering future lifestyle changes, like family size or aging in place, can influence design choices.
These factors collectively shape the new construction process, leading to a home that meets your needs and preferences.
A New Construction of a 2 Family Home of roughly 2,000 Sqft ft can cost anywhere from $500,000-$600,000 in material and labor costs alone
Don't Believe Here is a breakdown of a 2-story, 2 Family Home Construction
- Plumbing : $40,000-$65,000+
- Electrical $50,000-60,000+
- Foundation $75,000 +
- Sheetrock $35,000-$55,000+
- Framing $30,000-40,000+
- Flooring $20,000-$35,000+
- Doors $10,000-$20,000+
- Windows $15,000-$25,000+
- Kitchens $60,000-$90,000+
- Bathrooms $55,000-75,000+
- HVAC/Heating $25,000-$35,000+
- Landscaping $5,000- $15,000+
- Roofing $25,000-$45,000+
- Siding $30,000- 40,000+
- Temp plywood fence $5,000-$15,000+
- Finish Carpentry (Trims/Crown Molding $5,000-$10,000+
- General Site Conditions: $10,000+
In which all these factors contribute to the pricing of a 2-story, 2 family home construction, many factors also turn into plays of material, timelines, permits, and so forth.
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