Re:Modular Homes for Under $50k
by bluGill on Wednesday June 30, 2021 @09:10AM
(#27688041)
You can build a custom home for the price of a spec home. However it means sticking to the budget instead of upgrading. You can put a $15 light fixture in the bedroom, or a $50 one - spec homes do the former, custom homes all later - it doesn't seem like much but these all add up. The cost to build a custom home and a spec home is nearly the same if you are careful not to do any upgrades. Those upgrades cost money though - if you are planning to live in the house for many years I'd say they are worth it but be aware of what you are getting into.
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In my region, the material costs are just ~15% of the total cost to build. It's almost all labor costs.
That depends on the materials. Installing a $600 light fixture is the same labor as a $40 one. Thus a spec home the material cost tends to be a lot less a % of the total costs compared to a custom house. Though some custom changes require more labor, the effort difference between most is 0, and in a few cases slightly negative (if the material cost wasn't higher all spec homes would get these features)