What are the Costs for New Construction?

Here is a summary of the costs you should expect around a new construction project:

Professional Service Fees (typically 10-12% of construction costs)

Architectural Work
Geotechnical Engineer
Civil Engineer
Structural Engineer
Mechanical Engineer
Electrical Engineer
Plumbing Engineer
Landscape Designer (optional)
Interior Designer (optional)

Permitting Fees 

Amount usually deterimined by the authority having jurisdiction.

Financing Costs

Inspection Fees

Amount usually deterimined by the authority having jurisdiction and the engineer you have hired.

Land and Real Estate Costs

Constructions Costs

Construction Labor
Construction Materials
Contractor’s Equipment
Utilities
Contractor’s Overhead
Contractor’s Profit
Fixtures, Furnishings and Equipment

Insurance

Property Insurance
Liability Insurance

Move-In Costs