We Built This Modern House For $200,000 - Construction Costs Breakdown!

Рет қаралды 200,045

Күн бұрын

Ever wondered if it's possible to build a house without breaking the bank? In today's video, we unveil the full breakdown of build costs for the home we just completed in Arkansas along with a few money saving tips that allowed us to stay right under $200,000!
We built a duplex... And now live for FREE! Check out the video here (I included a home tour this time!) • We Built a Duplex...No...
BUILDING Resources:
⚒️ Build Budget Generator → bit.ly/BuildBudgetMaker
⚒️ Building Expense Tracker →bit.ly/BuildExpenseTracker
Home Buyer Tools:
✅Get connected with an AGENT in your city → homeandmoney.com/nicole/
Work with Nicole in Arkansas:
🏠 View AR Homes For Sale → listings.narkhomes.com/i/arka...
📩 Contact Nicole → narkhomes.com/contact/
Other stuff that's cool:
💡 Support My Small Business → www.amazon.com/kvnbrands
🛒 Shop My Camera Gear → bit.ly/NicoleGear
(As an Amazon Associate I earn from qualifying purchases)
Social Media Links:
📱 Instagram → / nicolenark
📱 TikTok → / nicole_nark
📱 Facebook → / nicolenarkrealtor
Chapters:
00:00 - How Much Does It Cost To Build A House?
00:43 - Lot Cost & Site Preparation
01:57 - Foundation
02:41 - Framing, Roofing & Windows
04:14 - HVAC, Electrical & Plumbing
05:52 - Insulation, Drywall & Painting
06:30 - Interior Finishes
07:46 - Exterior Finishes
08:45 - Landscaping
10:00 - Misc Building Costs
10:55 - How We Saved Money While Building
13:57 - The First Step To Building
- DISCLAIMER -
Nicole Nark is a licensed Realtor and the Principal Broker of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice.

Пікірлер: 335

@NicoleNark 2 ай бұрын

So there's been an update... 😅kachi and I built a duplex and now live for FREE by house hacking! Check out the video here (I included a home tour this time!) kzfaq.info/get/bejne/e6mpiNyJmJyofWg.html

@w.schell8697 Ай бұрын

Original plans? Or modified from an online design?

@NicoleNark Ай бұрын

@@w.schell8697 these were fully custom plans

@svbion 4 ай бұрын

Arkansas explains it all. Awesome home.

@NicoleNark 4 ай бұрын

Yes! Costs are much lower here than in many other states.

@KevinMcClain13 Ай бұрын

Sounds like everyone should moved to Arkansas lol I’ve been thinking about it

@krismine99 Ай бұрын

Fr, lots near me are like $60k on the low end

@edmund6392 5 ай бұрын

I am a developer in Chicago and I approve this post. Great job guys!

@NicoleNark 5 ай бұрын

Much appreciated! ☺️

@mikejr1152 4 ай бұрын

@edmund6392, good evening. I am an investor in the Baltimore area who is not only interested in the Chicago market, but I am also highly interested in becoming a developer. I'd like to connect with you.

@scentertainment10 4 ай бұрын

@@NicoleNark What is the square feet of the home?

@veger5872 9 ай бұрын

If don't have the experience, one could hire a home inspector who specializes in monitoring home builds! Of course, its an additional cost, but worth it!

@NicoleNark 9 ай бұрын

Great point! I’m not sure this is available on my area. Is this offered in your market?

@veger5872 9 ай бұрын

@@NicoleNark Yes, some Home Inspectors have a service where they will monitor your home build every step of the way to ensure they are doing it correctly! Nowadays, I think it is crucial to hire them, because of the shortage of skilled labor. Additionally, my Sales Assistant friend for a major home builder told me lots of mistakes are being made in their community, and job satisfaction is low for everyone because of customer complaints!

@Fabuloustransportation 4 ай бұрын

Good idea

@josephhood1591 4 ай бұрын

Thanks, I got to see if there are any in my state.

@shelbyedward1617 2 ай бұрын

Wow! This is great advice. I never heard of this before. Thanks for sharing.

@user-rk5mn1ek4p 4 ай бұрын

I’m ready to build on a lot I currently own free and clear in So. California. I’m a licensed experienced builder but have NEVER built a house from ground up. This was inspiring

@NicoleNark 4 ай бұрын

So happy to hear that! ☺️

@FAB-James 4 ай бұрын

Do you already have a house design?

@kchal0 5 ай бұрын

Man lol I’m currently building in the DFW area and our cost is about $750k once it’s all said and done. 135k of which being the lot. I’m jealous but kuddos to you guys, congrats on the new home.

@NicoleNark 5 ай бұрын

There’s pros and cons for sure. Our costs are lower but the values are also lower. 😅

@cleandiaper 4 ай бұрын

It's always good to have a rudimentary knowledge of the process so you can, 1. control costs and 2. monitor quality. Nice job on the house.

@NicoleNark 4 ай бұрын

Very true! 😊

@miguelesqueda8272 9 ай бұрын

I loved this video, thank you so much for sharing your wisdom!

@NicoleNark 9 ай бұрын

You are so welcome! Glad you enjoyed it

@user-dv4xf4kp5l 4 ай бұрын

Great job guys, and a weel done video. Good luck in your new home.

@ChunkSamson 6 ай бұрын

this was so helpful and straight to the point... been looking for something like this and its so hard to find for no reason lol,... thanks y'all (liked)

@NicoleNark 6 ай бұрын

Thanks for watching!! Glad it was helpful ☺️

@tfl4963 4 ай бұрын

Hey I bumped into your wonderful channel and immediately became a new subscriber. Thank you couple for your worthy insights and budget advice for would be new home owners. Be very Blessed y'all 💯 ❤❤ 🙏 🙏

@deemitchell7987 9 ай бұрын

Thanks guys :)

@Idkvids888 5 ай бұрын

Wow this is the most incredible project I’ve seen!! I’m actually looking myself to build a house.

@NicoleNark 5 ай бұрын

Thank you! We appreciate that

@SuccessForever1234 4 ай бұрын

I’m an owner builder, successfully built a high end home on a full lot with legal secondary home to rent out. I was the front end GC for the whole project, while maintaining permits, inspections to the final Structural / Building and Final Building Certificate Inspections. It’s a full time job but nonetheless rewarding experience. Good job!

@NicoleNark 4 ай бұрын

Definitely a time consuming process! We learned a TON!

@alvestermazon4651 4 ай бұрын

love the home I also like how you two are working togather, don't let things brake you, keep up the togatherness

@NicoleNark 4 ай бұрын

Thank you! ☺️

@mariahcarrington6170 4 ай бұрын

Beautiful home, inside & out! Great job 👏🏾

@brianbell670 4 ай бұрын

Great video. Appreciate you all showing this.

@NicoleNark 4 ай бұрын

Thanks for watching! 😊

@obalalama 7 ай бұрын

So inspiring ❤, thank you

@busyrand 2 ай бұрын

Fantastic video... You all have great chemistry as presenters. I am happy you guys had success with your build, and are able to sit and talk about the project together without anyone holding back. I'd love to be able to do this with my wife in the future tense...

@NicoleNark 2 ай бұрын

Thanks so much! If you happen to have any contacts at Hgtv let us know! :)

@BrenettaMadison 2 ай бұрын

This is motivation! We are looking to build! Just bought a few lots in Arkansas!🥰 Thanks for sharing guys! ❤

@NicoleNark 2 ай бұрын

Thanks for watching! Sounds like you’ve got an exciting journey ahead 🎉

@amandaarbertha8944 Ай бұрын

I have a lot here in Oklahoma. I would love someone to help with building my home. I like how you broke down your built. It's been really challenging finding a builder that is not trying to take advantage or simply just ghost you. 😢

@kustomizedco 29 күн бұрын

I am a General Contractor in Arizona, and the prices in comparison are not bad, you are doing a great job, I dedicate myself more to construction to sell, that could be a good option for you in the future, building to sell... I I like to sell more than to rent.

@dafecki 5 ай бұрын

Looks great. Can you share, where did you get your cabinets? Thank you!

@vodgeee 4 ай бұрын

You guys did an exceptional job !

@NicoleNark 4 ай бұрын

Thank you so much! ☺️

@tj2791 8 ай бұрын

Really helpful information!

@NicoleNark 8 ай бұрын

So happy to hear that! We’ve got more building content coming so be on the lookout 👀

@Lilia-pi8pf 29 күн бұрын

Thanks for the honest input

@toddoren3730 4 ай бұрын

I’m building my house in Southern California with a friend currently. Literally building it ourselves from ground up. And it’s still costing me 400k for a 1200 sq ft house. How is this house 200k? Just seems impossible. There are a lot more costs such as permits, hooking up electrical to city, city water hook ups, septic if needed, solar panels, and just the general cost of materials seem really low in this build. Maybe materials are a lot cheaper in Arkansas. This guy is a builder which helps tremendously to keep costs down but 200k for a ground up build is crazy low. Kudos to you guys for figuring it out!

@CowboysKeith 4 ай бұрын

Very nice video and thank you. I have always considered this and headed over to your other loan video now. On this particular project, how much do you estimate it would've cost to pay a general contractor (what you saved, in essence) to oversee THIS particular project? Also, if you don't mind sharing, approximately how much extra were the build costs like dumpsters, equipment rentals, utilities and such for the 7 months? I, absolutely, know this varies depending on local costs. Thank you guys!

@marilynm6346 9 ай бұрын

Can you do a video on how to go about doing this yourself with zero home building knowledge. Recently bought land and looking at builders but way over what I’m willing to pay. How do you find a lender that will allow you to be the your own contractor. Enjoy your videos thank you for the knowledge you provide.

@NicoleNark 8 ай бұрын

Be on the lookout for it! I've got steps to building coming soon!

@barehand549 3 ай бұрын

Great video!

@blueleafevirosvc.inc.2796 6 ай бұрын

Great info!

@NicoleNark 6 ай бұрын

Glad you think so!

@Prettyricky504 4 ай бұрын

Great vid. 💯💯👍

@francesjeanlouis9285 9 ай бұрын

Great Content! 👍

@NicoleNark 9 ай бұрын

Glad you enjoyed it!! ☺️

@jun_1248 4 ай бұрын

Hi Nicole, I have couple of questions 1) is $200k for the entire build including land? What will be the cost of a similar square footage new house in your area? 2) I always wanted to know if building a house yourself using subcontractors is cheaper than buying a new one from a builders (I could take some of the work myself on the weekends. I already took a framing class at a community college where we build a small shed) ? Would appreciate your response.

@art.nguesszoug6494 26 күн бұрын

Your constructions look like beautiful prefabricated home made of container frames, but they're actually constructions from the ground up . And beautiful. Good Job guys.

@JonJohnsonHomes 4 ай бұрын

Great vid

@powerpath659 2 ай бұрын

Great job guys!!! 😀

@NicoleNark 2 ай бұрын

Thank you so much!

@za-pd8qf 2 ай бұрын

y'all did amazing!!!!

@NicoleNark 2 ай бұрын

Thank you!

@dayewalker9408 4 ай бұрын

Well done and good luck you two...!!! A very informative and concise informatic for "your" generation. You two should build several more homes and buy a bank or become your own; financing and lending on home builds throughout the region. With coastal towns about to become beaches, people will begin moving inland...Arkansas is about as inland as you can get... You'll retire early and you'll rule the roost in Arkansas (you're young enough to do it ) Again, good luck.

@NicoleNark 4 ай бұрын

Thank you for watching! We also appreciate your faith in us! 🙏🏼

@SweeeetMel 4 ай бұрын

Looks great and thank for the info! How big is the house?

@NicoleNark 4 ай бұрын

Thank you! The house is 1515 sqft

@mrgpro9149 2 ай бұрын

Looks great. Good job on the choices. A house like that down here in Miami, Fl in an average neighborhood starts at a minimum 2 million and up. You can't a buy a 1 bd apartment for $200k here.

@searay260sundeckforsale4 Ай бұрын

Great job guys! It's so much cheaper than in FL!

@buttercup9649 4 ай бұрын

Great looking home. Are the plans available or the architect who drew the plans, is his info tagged somewhere??

@mfonobongbassey247 4 ай бұрын

Hi, great, video, beautiful home. Any info on design & architectural costs, professional fees etc?

@truettadevil 4 ай бұрын

Great question!

@lthomas512 2 ай бұрын

Love your home. We are in Little Rock as well and just dont know where to start.

@Mumumama205 3 ай бұрын

Thank you so much for your video. I do miss the specs of the home you built? I can’t find it in your video list either. I’m thinking of going the owner builder route, and hiring a construction manager. This is an extra cost, but nowhere near the cost of a general contractor.

@ionochie Ай бұрын

Kachi i love this video !!! you and Nicole are awesome !!!

@NicoleNark Ай бұрын

Thank you so much!!

@prettytired9600 4 ай бұрын

How much was it to add the sewer system before pouring the foundation?

@mikejr1152 4 ай бұрын

Nice finished product🔥. Do y'all build in other states as well?

@NicoleNark 4 ай бұрын

Not currently! But maybe in the future!

@abacab87 7 ай бұрын

How much was the lot? Loved your video. I little more breakdown would be nice, like the cost of just flooring, just trim, just paint, etc.

@NicoleNark 7 ай бұрын

Thanks for watching! Kachi has been posting more details in short videos over on his channel 😊 You can check them out here www.youtube.com/@KachiDubisi/shorts

@confidentialprivateusa6519 3 ай бұрын

GOOD JOB!!!

@NicoleNark 3 ай бұрын

THANK YOU! 😊

@MUUQNN 4 ай бұрын

Awesome video!! Question: do you buy all your materials at Home Depot or there is another way to save money ? 😀

@NicoleNark 4 ай бұрын

We buy a lot of materials through local lumber and builder supply stores!

@NunyaBusiness-yb7yi 28 күн бұрын

Good Job!!

@kenyattawilliams101 4 ай бұрын

Nice place! My sister and brother live in Little Rock and I'm in Fort Smith

@NicoleNark 4 ай бұрын

Thank you! You aren’t too far ☺️

@KingLassiter 9 ай бұрын

This is really helpful!

@NicoleNark 9 ай бұрын

Glad you think so! ☺️

@Streetstories_ 9 ай бұрын

Awesome video. What is the sq ft of your home. Outstanding

@NicoleNark 8 ай бұрын

1515Sqft Heated and cooled!

@homoerotic85 7 ай бұрын

We are getting ready to build this coming spring. My dad is going to be the contractor as he was a contractor who retired in 2008. He used to know how much a house would cost but where prices have increased so much since 2008 so we are having to price literally everything. Is there an easy way to do that? A lot of the subcontractors won't even give us an estimate-they say they won't give an estimate until it's ready for that step to be completed so they can see it in person. That is weird because the house plans should tell them everything they need to know. How many sqft is your house?

@NicoleNark 7 ай бұрын

Our house is 1500 sqft. There’s not a super easy way to get the pricing down. We tried to get as many quotes as we could up front just off of the plans but there were some trades that we had to price out once we got to that stage.

@homoerotic85 7 ай бұрын

@@NicoleNark Ok thanks for the reply :)

@19Bart11 4 ай бұрын

Could you share your rental equipment breakdown and expense, please (ex. Escavator, skid steer etc).

@HKashaf 2 ай бұрын

Congrats guys

@NicoleNark 2 ай бұрын

Thank you!☺️

@jasonjosephlee 4 ай бұрын

Great video! What areas are y'all building in? If y'all are ever looking Southern California we come across a lot off market opportunities.

@NicoleNark 4 ай бұрын

I’d love to connect with you. We are interested in picking something up in Southern California.

@noname-mm9of 7 ай бұрын

I read arkansas and that’s all I needed to know lol

@NicoleNark 7 ай бұрын

Would this cost more where you are?

@Skinnyguy35 4 ай бұрын

Should do a tour of the house!

@N3RF4LIF3 4 ай бұрын

7:42 Yes, dear nods commence

@SPLENDORISTA 4 ай бұрын

how long did this project take? what is the square footage of the house?

@NicoleNark 4 ай бұрын

1515 sqft and around 7 months

@advancedassessment6974 8 ай бұрын

How much profit did you make after selling?

@iwanjuwana8288 2 ай бұрын

Awesome video......how do you find a good contractor? What strategy do you use to find one?

@passerau Ай бұрын

I didn't know you were in Ar interesting. Bravo, well done 👏👏👏👏👏

@NicoleNark Ай бұрын

Thanks! 😃

@mariagomes9882 4 ай бұрын

I am in the process of building a small house. Is there a chance you can post the front of your house? It would help me. Ty

@anitraturner5748 4 ай бұрын

It would have been nice to see the finished product.

@es7379 5 ай бұрын

Oh I’m getting ready to build in Little Rock Arkansas….on the outskirts.

@NicoleNark 5 ай бұрын

Awesome!! What are you planning?

@jims10-daychallenges74 4 ай бұрын

thx. need to add in cost for builder contractor price and no sweat equity like you all did. thx

@DRventura333 2 ай бұрын

When building for the first time, learn the construction lingo and the permit requirements for the particular State. Have your financing approvals ahead of time. Get a good project manager, if necessary. Find a reliable and trustable builder who uses licensed and certified contractors. Don't overbuild for the area. You can also build in another state, you don't have to live in same state; just have reliable staff and visit the site periodically. When you finish your project, it is absolute joy to either live in it or rent or sell. Then on to the next one.

@NicoleNark 2 ай бұрын

Valueable tips right here!

@bertiebowman4778 Ай бұрын

Thanks for sharing your experience, how can someone get the cost estimator program?

@NicoleNark Ай бұрын

The link is in the video description!

@trucha9925 3 ай бұрын

Good job Guy congratulation🎉 Which bank you guys choice for your Contruction loan Thank you

@NicoleNark 2 ай бұрын

Thank you! We work with a small bank local to our area

@isaquazi1939 5 ай бұрын

How big is your lot? The 20K included the septic tank and the land prep?

@NicoleNark 5 ай бұрын

The lot is 2,178 sqft. We are on city sewer so no septic tank. The 20k did include the land prep though.

@elwynjoseph5230 4 ай бұрын

That’s GOOD 👍 👍👍👍

@NicoleNark 4 ай бұрын

Thank you! 😊

@trishashaw1688 8 ай бұрын

Is there a video of the completed home? It is a really cool locking home. The lot looks pretty small with the home on it.

@NicoleNark 8 ай бұрын

It was a very small infill lot in downtown Little Rock! We have footage of the finished home that we will be putting out in upcoming build videos☺️

@trishashaw1688 8 ай бұрын

@@NicoleNark Oh nice, it's a really neat design.

@NicoleNark 8 ай бұрын

@@trishashaw1688 thank you! We custom designed it and I’m pretty happy with how it turned out.

@trishashaw1688 8 ай бұрын

@@NicoleNark Can't wait to see the video of it. 😊

@NAGIUXS 5 ай бұрын

It would be nice to see the completed home they're talking about....pictures or walk through

@NicoleNark 5 ай бұрын

You can check out the listing. It’s 517 E 17th Little Rock.

@user-md8nk7hl1h 4 ай бұрын

Planning isnt a headache if its a goal

@vaspim Ай бұрын

would have loved a house tour

@jakinchapman9864 9 ай бұрын

Any chance for a tour video?

@NicoleNark 9 ай бұрын

We have tons of footage so you’ll be seeing more of our builds in videos soon! 🥰

@kaylasandrus 4 ай бұрын

What’s the sqft of the home please? I didn’t hear that or the amount of bathrooms and bedrooms. Thank you so much.

@NicoleNark 4 ай бұрын

Hey Kayla! The home is 1515 sqft. 3 Beds, 2.5 baths 😊

@11m0 4 ай бұрын

How much square footage is the house?

@conspicuousART 4 ай бұрын

What about the architect and it engineering cost?

@ricksanchez9232 4 ай бұрын

Similar house in the Tampa area is about 450K? So your cost is very reasonable.

@Bsilbs 4 ай бұрын

What did it appraise for and how much per year can you collect in rental income by renting it out?

@NicoleNark 4 ай бұрын

The home appraised for $375,000. We are not using it as a rental property.

@57holloway 6 ай бұрын

Great job! I am thinking about being the general contractor. I have remodeled many times and built my home from the ground up. Just didnt do all the concrete work. I want to move to Mountain Home and sold my house, with 300k after the mortgage paid off, and in the bank to use. Instead of buying a house outright, is all that I would save by being the general contractor is 30 percent? I am about to turn 67 and don't want to use up my time building it myself. Your 200k house would be 260k if you bought it instead of contracting it? Just trying to figure out the best way to go. Steve

@NicoleNark 6 ай бұрын

Thanks for watching! On this house specifically, we did end up saving more than 30%. This was largely due to the fact that Kachi did a lot of labor himself. I'd say if you are wanting to plan for costs try to find new construction listed for sale in your area to see what the market rate seems to be!

@57holloway 6 ай бұрын

When you say "Kachi did a lot of the labor" your meaning hiring the work to be done as the general contractor or the physical labor such as hanging sheetrock, roofing, framing, wiring? @@NicoleNark

@NicoleNark 6 ай бұрын

@@57holloway a little bit of both. He did some or the labor himself like painting, hanging doors, installing cabinets etc. On top of that he handles organizing and hiring the other subs taking over the GC role so that we did not need to hire an outside builder.

@57holloway 6 ай бұрын

thank you very much. @@NicoleNark

@Maturelyme 9 ай бұрын

Hey guys what was the square footage of the home?

@NicoleNark 8 ай бұрын

Just under 1600sqft!

@razorbackjackk Ай бұрын

Fort Smith here!!

@NicoleNark Ай бұрын

AR represent! ❤️🐗

@DeivD 27 күн бұрын

Hi, how much was the extra cost that was not included on your build budget?

@StardustMonkey 5 ай бұрын

Take all of these costs and multiply by 3 if you are in California… also no buildable lot will be under $250k if it’s a bad neighborhood maybe high end neighborhood expect 400k-1m for lot … thanks for sharing you convinced me to drive to Arkansas to hire a crew and by materials ;)

@NicoleNark 5 ай бұрын

But you could sell the exact same house for a lot more money in California than we can in Arkansas! There’s pros and cons

@StardustMonkey 5 ай бұрын

Yes but it also means only people who make more than 250k a year can qualify for the financing :( … and the normal jobs that still run society like construction worker, nurse, teacher… these jobs still only make less than half of what you need so there is no upward mobility for 70% of the people renting forever to ever increasing is rents that grow every time wages increase and landlords find there is more the market can ask for. This means those people are going to be stuck paying 50% of there income without the ability to save and they will never own equity nor have enough to retire.

@HostedByExcellence 4 ай бұрын

I know some ppl that have done new builds they want to do landscaping so they can save more money and not be stressed. Or did y’all just want everything done asap?

@vaspim Ай бұрын

how long did it take to complete this project?

@kayots 2 ай бұрын

Intro: 'Is it possible to build a house without breaking the bank? :D ....Nope! But anyways here's the rundown-'

@joelenglish2763 2 ай бұрын

This is incredible content. Can i ask what was the process of obtaining his builder license?

@NicoleNark 2 ай бұрын

Thank you! He had a contractors license first which he had to take a written test for. To get the builders license, he had to apply and show building experience/provide references. Of course this is just Arkansas, not sure what the process looks like in other states.

@joelenglish2763 2 ай бұрын

@@NicoleNark ok thank you.

@BigSuperArizonaHomeTours 4 ай бұрын

How many sqft is home? How big is lot? What was the lot cost, alone?

@NicoleNark 4 ай бұрын

The home is 1515 sqft and the lot is 2,178 sqft. Kachi has a much more detailed breakdown of all of the costs on his instagram. You can check it out @kachidubisi 😊

@economicdevelopmentplannin8715 9 ай бұрын

nice. but. how many showers? full baths??? please. will you sell it?

@NicoleNark 9 ай бұрын

This home is a 3 bed, 2.5 bath! We sold it last month and are looking to do more soon! ☺️

@economicdevelopmentplannin8715 9 ай бұрын

@@NicoleNark ahhh Very reasonable

@sensei9084 8 ай бұрын

I’m struggling with find a good price with land.

@NicoleNark 8 ай бұрын

That is a struggle! You might consider identifying your ideal areas and reaching out to current land owners directly. If they haven’t done anything with the land they may be open to selling it!