022: Residential Construction Costs - architecture and design

022: Residential Construction Costs

Residential construction costs are not that complicated unless you really want to make them that way. There are some general broad stroke pieces of information that if you know them, you will not be surprised when it comes time to plan your budget.

In the beginning, when you are starting to plan your budget for building a new house, residential construction costs are not that complicated unless you really want to make them that way. There are some general broad stroke pieces of information that if you know them, you will not be surprised when it comes time to plan your budget.[Note: If you are reading this via email, you will have to click here to access the on-site audio player] 
Since all these costs can be screwed up in any number of ways, take all this information with a grain of salt. It would seem reasonable to assume that masonry construction in the border states, with the amazing amount of readily available skilled labor, will cost less than masonry construction somewhere in non-border states. Texas is also a right-to-work state and we don?t face some of the typical cost issues that unionized states enjoy. So now that I have my disclaimer out of the way, let?s talk numbers!Hard Costs vs. Soft Costs [3:10 mark]When starting to plan for a construction budget, there are some items that you should plan on including in your budget, which fall into major categories of hard costs and soft costs. Let’s start by identifying that hard costs are the physical assets that y...
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