Thanks Adam! We always appreciate your kind comments! I think the Telluride video was one of our favorites we’re actually heading back there this summer 😆 hope you are doing well!!

Of course, hopefully it helps people get some type of idea whether someone is looking to scale up or scale down. This is all a learning curve for us as well :)

Thank you for your kind comment! Much love to all Michiganders ♥️

Hi Clarke, Thank you for the great comment. We actually just made a video that will be posted this Sunday in response to your comment and many others. We hope to address the common questions we are getting and give a little more detail into our thoughts on our build. All the best!

Hi! We hope it helps even a few people out there because we had and still have so many questions about building. Everyday is a learning process for us :)

Thank you for such a nice comment and the encouragement! We appreciate your support as we keep moving forward on this house build journey!

Thanks for the love from Kenya! Prices internationally are going to be so much different to ours. Very cool to hear from people in different countries and what the costs are for them. I hope the very best for you and your family.

Thank you BKK, that is exactly what it is for us! A learning curve. That will help us along the way as we continue to build homes in the future for ourselves or others! We plan on building more, but not sure if they will ever be as "special" as the first one :) As always we appreciate you and your wife's love ❤️

Hi, thank you! If you drive a 5-10 miles from our house $200k for 1/3 acre is common as well. Those lots are closer to shopping, cities/towns. Location is a huge factor in lot price.

Hi! Thank you so much for watching. If you can find land for a good price then that will be the main thing. Remember to get as many quotes as possible and check out their previous work!

Hi, Thank you for watching! We are fortunate to go through a private lender that is not a bank or credit union. Similar to how startups acquire money from Venture Capitalist's and we set our terms and conditions. That is an option, but not common. Construction loans are a great option, but we were not able to find one that offered the flexibility we were looking for. Hope that helps!

Hi Brett, The best way is bidding out at least 3 companies for each process. Materials are not too hard to budget for based on the sq ft home you are looking to build and those per sqft prices are usually online. Building is a huge, long process. Unfortunately, there isn't an easy way if you are doing it yourself unless you have comparables from previous builds or you go through a builder who will quote you based on his/her previous builds. Our design guide goes into pricing depth that you can use as a basis. Just like cars... you can purchase an economy car or a luxury car and that will change your pricing dramatically.

@@FarisandLisa Well said, getting quotes will help give you an idea of what it would cost. Building material prices can vary by time of year, as well as supply & demand in the market. Labor costs will depend on the area in which you plan to build. Costs can also vary widely depending on the quality of materials you plan to use in the construction of a home as you alluded to. Availability of certain materials can also be an issue if you're really after a specific aesthetic for a home. Some flooring companies for instance will only manufacture a design for a couple years before they discontinue it in favor of following a new trend. Some questions you want to think about are: Does the land I want to build a house on need dirt work? You'll likely need to get a soil report before building. Do I need excavation for a basement or are you going with a crawl space or slab on grade construction? How will waste water be handled on your property? Do you need a septic system? How will you get your other utilities? Gas, electric, and water, with the latter two being required for a home. What sort of home do you want to build? Energy efficient, passive house standard, or the bare essentials (i.e. meets code)? The more complex a home, such as large open spaces, big windows, intricate millwork, and various other details can really add up in a build. Also, whether you're doing the work yourself or hiring a contractor(s), you'll want to spend some money on an architect to draw up some plans and have an engineer approve them. If you want an idea for what a new home would cost to build in your area, you can try and look up new home prices and subtract 15-20% from their listing price. That's honestly probably too much of a deduction, but it should give you an idea of what it would cost to build a similarly sized home.

Hi there! Our framing and materials was $162k for 2,800 sf!

@@FarisandLisathat’s crazy

You will pay about 20-30% more but will be covered by his insurance, and if he does his job you will get a much better finished product bc he will make sure the subs do everything correct and will prevent corner cutting. Also some states and companies warranty their work for years. If you manage the job yourself you are responsible for everything and can get into serious financial trouble after only a few mistakes. The subs don’t care, and need to be beaten into submission with the threat of loss of future work and non payment. Further if you are gonna do it yourself don’t hire any Mexican or South American companies or workers, they rarely if ever do a good job, and have no idea what building code is, and likely neither do you.

Hi, builder fees are usually 15-25% of the total cost. It can range greatly. You will need a builders license if you plan on acting as the GC. Every subcontractor is different and it depends on the relationships you have with them. Some of our contractors have been working with Lisa's dad for a very long time and those payments tend to be more flexible. Sometimes we pay in installments and other times we pay upon completion of the job.

Im trying to extend my house in California. Do you have any tips to go through the building and permits process. Im not rich so I have to do the bulk of the work myself. Thanks.

@@Hi-Ilikefood This is my first project like this. Once you are over 500 sq. feet, that's when it gets complicated and expensive. Once you are larger than 500 sq ft, the "developer" fees kick in. In my case $8000 to the schools, and $5000 or the fire dept. plan check was $4500. I won't know the cost of the actual permits until later this week. The Architect /engineer was $26,000. If this project causes the county to reassess my taxes, it could cost me $500 a month for the rest of my life. How much do you love California? If you can leave, you should. Other states don't abuse you like that.

@@SoCalVipers I wish. I am already abused by the state. I bought a house and in a month got a letter about adu and now I have to figure out a way to legalize it. I already spent all my money buying the house and now this. Thankfully its less than 500 feet otherwise your right its a whole lot more pain. I have no other choice but to soldier on and try to get this thing done and mostly myself unfortunately.

This is why housing is so expensive in California. Just government building codes make it cost more, let alone the time it takes to wait for them to give you permission to do anything. And don’t get me started on taxes.

@@SoCalVipersanother thing about this I don’t like is if you dare, if you even DARE, to earn more than the working poor or create generational wealth, they want a large portion of it. So much of a large portion that you have to work twice as hard just to move upwards.

I guess it all depends on your budget. Closer to Detroit the suburbs get tighter and tighter without any new lots and it is very common to buy an old house, tear it down and build a new house on top of it.

@@FarisandLisa thank you for response. It’s great to know that it has been done before.

We created them with Lisa’s dad who is a builder! You can find them in the link in the description 😊

We are right around 225 per Sq ft, but some of the luxury homes Lisa designs can easily get in the 300+ range. Also, if you are hiring a builder then $300 seems reasonable.

@@FarisandLisa that's reassuring! We'll be hiring someone, definitely impressed by all you've both done!

The framing and labor came to $162k

What state ?

@@henriqueduarte7600 Did you watch the video? They say it in the intro

The cost of lumber was very high when we purchased.

Wow, I guess every location is relative to price. If we were closer to the city a house our size would be closer to 1mil+, but the land would have been 5 times what we paid.

They come out every other Sunday, we just posted today 😊

What’s a goonzsquad kid house?!

@@FarisandLisa search ……goonzquad

👋🏻

Hahah they do don’t they! That’s some positive thinking 😁

Wow the home prices in the west continue to surprise us. I think land in general in the Midwest is a lot cheaper overall. If we're closer to the city or the heart of the suburbs then our lot price would go up exponentially. That being said the other costs would remain nearly the same.

Better get a better job, son

@@wayneguy6043high paying jobs are not easy to come by or I’m sure he would. At least he’s trying to be a productive person and buy a home.

:) Yes, that is true. We are $150k over our original budget, but over time we were able to allocate more money to the build. So I guess now we are right on budget.

Why is this discouraging?

@@FarisandLisa its so expensive.

I don’t think it’s discouraging. Most new homes cost way more and you have “reach out and touch someone” as neighbors. Plus builders are all building the same cookie cutter style homes. I think this is great! Gives me hope to build my dream home on 5 acres of hand.

As we said in the video, we changed our budget throughout the build as our circumstances changed. Somehow trying to convey that to our audience so they know why there is a difference.

Hahah I am an NPC