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Real Estate Information |
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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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Phil Murphy called for new Economic Development Authority programs in his State of the State address Tuesday in Trenton. But he was a little short on ... Year-End Numbers Show Real Estate Sales Continue To Slow Traverse City Ticker Real estate sales in the five-county area finished the year about the same way sales went for the rest of 2018: down from years previous, according to s... Finger pointed at real estate recruiter after Australian CV leak ZDNet Australian real estate network First National released a statement following reports last week that information it held on job applicants had been leaked online. How much? Tompkins County real estate transactions Ithaca Journal Real estate transactions for Oct. 21-27. TOMPKINS COUNTY. Caroline. William G. Kenyon sold 65 White Church Road to Michael Gabello II for $120,000 on ... Real Estate-Friendly Design Chosen For Mass. Pike Overhaul In Allston Bisnow A final design has been selected for a $1.1B Mass. Pike realignment that will open up hundreds of acres of developable land in Allston. Northview Apartment Real Estate Investment Trust declares CAD 0.1385 dividend Seeking Alpha Northview Apartment Real Estate Investment Trust (NPRUF) declares CAD 0.1385/share monthly dividend, in line with previous. Forward yield 6.44% Payable ... More than 1,000 bid farewell to Southern California real estate icon Bruce Mulhearn Long Beach Press Telegram With bagpipe music playing softly in the background, more than 1,000 admirers rose to their feet and sang “Auld Lang Syne” to bid a final farewell Saturday, Jan. Real Estate Report: A Look Back at 2018 Westport Now By Judy Szablak. Special to WestportNow. Real estate in Westport this past year may not have been one for the record books. However, we still ended the year ... Experts feeling cautious, but good, about commercial real estate outlook for 2019 Florida Trend Gulf Coast commercial real estate markets are poised to continue to generate high growth again in 2019, mirroring — or even eclipsing — the region's robust ... Real estate transactions for Sunday, Jan. 13, 2019 | Business Quad-Cities Online Following are seller, buyer, property description and price of property. Note: price is an estimate based on revenue stamps that are bought from the county. |
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