2020 Boise Idaho Real Estate Blog

How much does it cost a builder to build a house per square foot? Main Idaho Real Estate Insights
This is one of the most common questions I get and I received two this week so I was hoping for some help from you about Idaho construction costs.

Here was my answer to Jerod-

"Your question is simple but the answer is very complicated because it consists of two parts-

  1. How much do you want to spend? You can spend as much as you want.
  2. If you are getting a loan you can only spend what the bank allows you to spend based on the floor plan you are building and the terms of the constuction loan. They will not allow you to spend more than what it is worth, also known as market value based on 'comps' in the area.


Idaho Construction CostsThat is not the answer you were probably hoping for but without more details it is as specific as anyone can get. If you have a realtor, ask them for a price per square foot in the subdivisions or area you are interested in. Many times building a home costs less but a bank wil not let you build for more. Does that make sense? The difference between market value and cost is equity.

If you do not have a realtor, I can recommend one to you. Let me know.

I am also forwarding your question to a local lumber supplier who may be able to provide a different perspective."

What fo you think price per aquare foot is to build?

Trey
 

 
Posted by tlangford at 7/10/2009 3:21:00 AM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

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