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Budgeting Your Log Home: Where Do You Start?
The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why: Other materials. The logs themselves only form a portion of the material costs of the home. Once the log walls are erected, you still have to worry about a floor, a roof, the windows, the doors, the plumbing, the kitchen... the list goes on and on. Some manufacturers quote a "weathered-in shell" which includes the logs, the windows and roof - all the elements that enclose the building (protecting the house against the weather). Other manufacturers only quote the log package, and leave it to the contractor to provide the other materials locally. When pricing a log package, make sure you are comparing "apples to apples". From our experience, the price of the Logs only constituted approximately 1/5 of the total price of the finished structure. As for the rest... it's a high-end custom home, and like any custom home, your cost is limited by your imagination - and your budget. You decide whether to use hardwood floors or carpet, marble counters or formica, a metal roof or asphalt shingles. No log home company will offer these products to you. Unlike a Development contractor who offers you a limited selection, you choose everything yourself, from doorknobs to toilets. Once you start factoring in all these items, you will discover that there isn't a whole lot of difference between a log home any another home - except for the exterior walls. Local price differences. We built our log home in New Jersey, which tends to be a lot more expensive overall than much of the rest of the country. The same house in Tennessee would cost considerably less in lumber and other materials. Also consider that labor costs vary wildly as well. A very big part of your budget will cover the labor, because this home will be built entirely by hand. Your contractor may not have to peel or notch the logs, but he will still be placing the logs one at at time, making sure the walls are plumb, drilling holes for the wiring, cutting settling gaps above the windows and doors, possibly fitting the roof frame one board at a time. Your builder is the most critical part of the project, and it's not necessarily a good idea to go with the cheapest quote. Do you really want him to cut corners to stay within a low quote? Design features of the house. The most dramatic log homes have roof lines that point in all directions, dormers that grace the front, vaulted ceilings in the great rooms. But remember that every new angle you add to the roof adds exponentially to the cost of the project. If you need to keep costs down, think about a simple roof line with not too many angles. Also, the old adage remains especially true with log homes: it's much cheaper to go up than go out. If you want a rambling one-story ranch house, you will have a bigger foundation cost, a bigger roof to consider, and lots more labor. If you build more stories and a smaller foundation, even though you will have to invest in a staircase the savings are considerable. So what is the bottom line? A basic budgeting cost in the Northeast US would be $140-$150 per square foot for a milled log home; this is about the equivalent of a high-end custom stick-frame house. This does not include the land, the well, the septic, the driveway, etc. It does include the basement, the kitchen, the plumbing, etc. This is the turnkey budget for the house only. You can certainly do less if you give up a lot of amenities, but I wouldn't advise a starting budget of any less than $130 per sq. ft. You may find yourself running out of money way too soon, and that would be a terrible shame. Mercedes Hayes is a Hiawatha Log Home dealer and also a Realtor in New Jersey and Pennsylvania. She designed her own log home which was featured in the 2004 Floor Plan Guide of Log Home Living magazine. You can learn more about log homes by visiting http://www.JerseyLogHomes.com.
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This article's *content* is only ... Lavanda houses $5M capital raise as real estate and hospitality get closer PhocusWire Lavanda, a short-term rental platform for owners and property managers, has more than doubled its attracted investment so far with a $5 million round. What WeWork’s Slipping Valuation Means For Softbank’s Other Real Estate Investments Forbes WeWork's valuation challenges highlight the potential issues that SoftBank's other real estate investments, namely Compass and Opendoor, may face in their ... Fed cuts rates, signaling caution ahead for real estate investors The Real Deal The Federal Reserve cut its target interest rate to 1.75 to 2.00 percent. The Price of DC Real Estate Is NOT the Problem With This Viral Craigslist Post Washingtonian On Friday, a colleague passed along this Craigslist post titled “To the Georgetown student with the snarky remark on the Metro (you got off on Gallery ... 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From “The Mooch” to market updates, we’ve got fall’s top real estate events Miami Herald Market updates and speakers, including “The Mooch,” are lined up for South Florida's top real estate events. RE l source lined up the events industry leaders ... House Hunting in … Iceland The New York Times Low interest rates and increasing supply are helping to offset Reykjavik's steep prices and draw more buyers into the market. Home builder purchases large tract on Clemson Road at I-20 The State Home builder Mungo homes has purchased a large tract of land on Clemson Road at Interstate 20. Records show that the Mungo firm purchased the property at ... Corcoran's Paul Wexler marketing retail at One United Nations Park Real Estate Weekly Solow Building Company has appointed Paul Wexler at The Corcoran Group to market the two retail spaces at One United Nations Park, the new luxury ... Real Estate Update: Manhattan Is On Sale! westsiderag.com SPONSORED. Roberto Cabrera. 4 subscribers. Subscribe · Manhattan Real Estate...August. Watch later. Share. Info. Shopping. Tap to unmute. If playback ... Real estate transfer Elkin Jonesville Tribune In recording deeds, the state of North Carolina does not require that the amount paid for a parcel be stated on the deed. However a tax stamp at the rate of $2… WSJ Wealth Adviser Briefing: Real Estate Disruption, Wealthy Women, Teacher Trouble Wall Street Journal Colony Capital is responding to the impact new technologies are having on commercial real-estate cash flow; wealthy women are urged to use their money to do ... Sandusky County real estate transfers Sept. 7-16 Fremont News Messenger Real estate transfers from the Sandusky County Auditor's office. Weekly Real Estate Report - Prescott Valley and Prescott AZ Signals AZ Weekly Real Estate Market Report for Prescott Valley, Arizona and Prescott, Arizona for the week of September 18, 2019. 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Battle Rages Over Real-Estate Titan’s $500 Million Estate and Legacy The Wall Street Journal Two months before his death, the real-estate magnate and philanthropist George Kaufman amended his will to change who would manage his more than $500 ... Hampton real estate transactions for the week of Sept. 19 TribLIVE Wednesday, September 18, 2019 | 4:43 PM. 1685772_web1_home-for-sale-sign. Hampton. John Boynton Jr. sold property at 3856 Coldwater Drive to Glen R ... AROUND TOWN; Events you need to know about this week Real Estate Weekly SIEDC Summit. Sept. 19: Staten Island Economic Development Corporation (SIEDC) Healthy Housing Summit will showcase cutting-edge ideas in modern ... Singapore real estate fund manager ARA eyes listing in 2-3 years Reuters SINGAPORE (Reuters) - Warburg Pincus-backed ARA Asset Management Ltd, one of the largest Asian real estate fund managers, is exploring a dual stock ... The Real Estate Trade or Business Exception from IRC Section 163(j) The CPA Journal The scope of the exception for taxpayers engaged in a real estate trade or business from the harsh consequences of Internal Revenue Code (IRC) section. As housing market booms, real estate agents counsel caution WHIO News Center 7's Letitia Perry was in Oakwood this morning speaking to Jan Leverett, President of the Dayton Board of Realtors. 4 California Pension Funds Lean Harder Into Real Estate National Capital Markets National Capital Markets September Bisnow Between CalPERS and CalSTRS, California public retirement funds invest nearly $600B in capital, and they're both looking to place a lot of it in real estate. 11 proptechs changing real estate in Bogotá Contxto Based on recent milestones from Flat, OpenCasa and Alquilando, here are 11 proptechs transforming the real estate industry in Bogotá, Colombia. Concierge Real Estate Services YourCentralValley.com Concierege Real Estate has a team of highly-seasoned real estate professionals who are dedicated to providing exceptional, personalized *service* for all of their ... The California Real Estate Boom Is Over. What Now? Forbes The California boom is over and investors need to switch to Plan B, which is the answer to the Jeopardy question: How do you deal with a market that at best will ... |
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