Cost to Build a House (NYC 5 Boro Edition)(2024)
PUREWAL CONTRACTORS INC • September 30, 2024
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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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