Thursday, November 8, 2007

Dollars and Sense

Katie writes:

Many folks have wondered how we can afford to build this house in Hawai'i; after all, doesn't everything cost more in Hawai'i? I'm here to tell you, in dollars and cents, that it is do-able. Obviously, we have not come to the end of our building process, so some of these figures are estimates, and there will inevitably be a few surprises along the way. But here are the rough figures we have amassed so far for a post-and-pier house (8' above grade), 600 sq. ft. living space, 400 sq. ft. covered lanai, and about 1,000 sq. ft. of developable space at grade level:

1-Acre Lot: $35,000

Architect plans and permits: 1,500

Grubbing and ripping of lot: 3,500

Cinders and base coarse for driveway and house pad: 2,500

To get the structure "up and tight" (this was a contract which included labor and materials for foundation, framing, exterior windows and doors, pre-fab trusses, metal roof, stairs, railings, and exterior trim): 65,000

Water catchment system, including 10,000-gallon steel tank, cover, pump, filters, UV system and installation: 8,000

Cesspool: 1,800

Plumber (rough-in and finish, including propane work): 4,400

Electrician (rough-in and finish): 5,800

Drilling of hole for temporary/permanent electric pole; metal pole and cap: 1,150

Kitchen cabinets (not installed) and counters (installed): 6,800

On-demand water heater (gas): 750

Gutters (necessary for water collection): 1,500

Refridgerator, stove, microwave, washer, gas dryer (hit some good sales!): 2,500

Tub, sink, toilet, kitchen sink: 800

Bath vanity and countertop: 500

Bamboo flooring (not installed): 1,200

Electrical fixtures (ceiling fans, etc.): 500

Interior dry wall; material and labor): 3,500

Paint (exterior and interior): TBA

Insulation for roof and west wall: TBA


Sooooo. Known costs currently total $146,700, including the cost of the land, or $111,700 for the building of the house itself. The unknown costs are at the bottom of the list, but will probably only total at most another $10,000 since we will be doing some of the work ourselves. Using the combined living space and covered lanai, that will work out to about $120/sq. ft. excluding major appliances. Just wanted you to know that you don't have to be a millionaire to live in paradise....

3 comments:

Anonymous said...

Lots of fun looking and reading. Thanks for sharing.
Richard M
Las Vegas

Daring to Live Our Dream said...

My hubby and I are planning our move over this next summer. We are coming in March to look at land and then plan to general contract the house ourselves. He is an electrician and I am just a power tool nut. It is exciting to see your dream come alive. I think I will do something similar to your website so that our mainland friends and family can keep up on the developments. Thanks for sharing. I will check back often. How has your timeline been on building?

Anonymous said...

Thanks for sharing. I saw all the progress and the costs of your project and decided to also build now on our lot. It was the costs that you so generously posted that grabbed my attention. It is doable! I can't wait.

Leif
Vancouver, British Columbia, Canada