Real Estate Information


Budgeting Your Log Home: Where Do You Start?


The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:

Other materials. The logs themselves only form a portion of the material costs of the home. Once the log walls are erected, you still have to worry about a floor, a roof, the windows, the doors, the plumbing, the kitchen... the list goes on and on. Some manufacturers quote a "weathered-in shell" which includes the logs, the windows and roof - all the elements that enclose the building (protecting the house against the weather). Other manufacturers only quote the log package, and leave it to the contractor to provide the other materials locally. When pricing a log package, make sure you are comparing "apples to apples".

From our experience, the price of the Logs only constituted approximately 1/5 of the total price of the finished structure. As for the rest... it's a high-end custom home, and like any custom home, your cost is limited by your imagination - and your budget. You decide whether to use hardwood floors or carpet, marble counters or formica, a metal roof or asphalt shingles. No log home company will offer these products to you. Unlike a Development contractor who offers you a limited selection, you choose everything yourself, from doorknobs to toilets. Once you start factoring in all these items, you will discover that there isn't a whole lot of difference between a log home any another home - except for the exterior walls.

Local price differences. We built our log home in New Jersey, which tends to be a lot more expensive overall than much of the rest of the country. The same house in Tennessee would cost considerably less in lumber and other materials. Also consider that labor costs vary wildly as well. A very big part of your budget will cover the labor, because this home will be built entirely by hand. Your contractor may not have to peel or notch the logs, but he will still be placing the logs one at at time, making sure the walls are plumb, drilling holes for the wiring, cutting settling gaps above the windows and doors, possibly fitting the roof frame one board at a time. Your builder is the most critical part of the project, and it's not necessarily a good idea to go with the cheapest quote. Do you really want him to cut corners to stay within a low quote?

Design features of the house. The most dramatic log homes have roof lines that point in all directions, dormers that grace the front, vaulted ceilings in the great rooms. But remember that every new angle you add to the roof adds exponentially to the cost of the project. If you need to keep costs down, think about a simple roof line with not too many angles.

Also, the old adage remains especially true with log homes: it's much cheaper to go up than go out. If you want a rambling one-story ranch house, you will have a bigger foundation cost, a bigger roof to consider, and lots more labor. If you build more stories and a smaller foundation, even though you will have to invest in a staircase the savings are considerable.

So what is the bottom line? A basic budgeting cost in the Northeast US would be $140-$150 per square foot for a milled log home; this is about the equivalent of a high-end custom stick-frame house. This does not include the land, the well, the septic, the driveway, etc. It does include the basement, the kitchen, the plumbing, etc. This is the turnkey budget for the house only. You can certainly do less if you give up a lot of amenities, but I wouldn't advise a starting budget of any less than $130 per sq. ft. You may find yourself running out of money way too soon, and that would be a terrible shame.

Mercedes Hayes is a Hiawatha Log Home dealer and also a Realtor in New Jersey and Pennsylvania. She designed her own log home which was featured in the 2004 Floor Plan Guide of Log Home Living magazine. You can learn more about log homes by visiting http://www.JerseyLogHomes.com.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


CNBC

Student, senior, storage real estate could withstand Fed's interest rates
CNBC
Student, senior, storage real estate could withstand Fed's interest rates. 5 Hours Ago. Chris Merrill, Harrison Street Real Estate CEO, discusses the impact the Federal Reserve could have on the real estate industry if it continues to raise interest rates.



Rutgers Real Estate School releases landmark study on school-aged children in multifamily properties
ROI-NJ.com
The number of school-age children in multifamily housing units increases with the number of bedrooms, regardless of the residents' income level and building product type. And, if income and bedrooms are fixed, it can be shown that denser properties ...



Dallas News

Top D-FW commercial real estate deals for the week of July 16
Dallas News
Platinum Wintergreen LP, an Addison-based investor, has purchased the Bocks Board Packaging building in Hutchins. The 69,750-square foot industrial property is at 1520 E. Wintergreen Road near Interstate 45. Seller Bocks Board Packaging leased back ...



The Sun Herald

A Coast real estate agent cried when a judge told her how long she could spend in prison
The Sun Herald
Coast real estate agent Kim Foster, 47, of Vancleave, has pleaded guilty to conspiring to rig bids on properties sold at public auctions in South Mississippi. Foster began to cry Thursday afternoon when U.S. District Judge Louis Guirola Jr. told her ...

and more »


Chime Complete Real Estate Business Solutions
Inman.com
Chime is the world's smartest real estate platform. Chime Technologies offers the real estate professional a full suite of integrated online and offline sales acceleration products and services — the smartest business-growth tools available for high ...



Law.com

Dechert Targets Middle East Real Estate With Dubai Hires
Law.com
“We have an enormous commitment to the Middle East already, which is not just lawyers there but in London, Paris and elsewhere,” said Rick Jones, who chairs the firm's global finance and real estate practice groups. “A piece of the puzzle we were ...



GoDanRiver.com

Dan River Region real estate transfers
GoDanRiver.com
Douglas L. Dawson and Vernie M. Dawson to Stephanie L. Sigmon, 160 feet, 160 Withers Road, no money transferred. » Odell Roy Inc. to PCM Real Estate, 45 feet, partial lot, 460 Henry St., $10. » Davis Rental Real Estate Inc. to Richmond Wholesale Deals, ...



Miami Herald

How dirty is Miami real estate? Secret home deals dried up when feds started watching
Miami Herald
The staggering fall in transactions may give ammunition to federal officials who argue that secretive real estate deals allow criminals to launder stolen money into the condos and mansions sprouting up around South Florida. Those officials want to see ...



Why Wall Street loves real estate tech, according to a short seller
Inman.com
Wall Street vet Andrew Left tells real estate professionals why Wall Street suddenly loves real estate tech at Inman Connect San Francisco. Article image credited to Scott Chernis/Inman. Subscribe to Inman Select and read the entire article. Get the ...



Chron.com

Real estate briefs: New coworking brand, California industrial investor, Engel & Völkers ink new deals
Chron.com
REth!nk, a new coworking brand focused on the real estate industry, has acquired the Master Mattress Works building at 1512 Center Street at Houston Avenue. The property, along with another in the RiNo Arts District in Denver, will launch a national ...
Engel & Völkers buys brokerage with $130M in salesSouth Florida Business Journal

all 3 news articles »

Google News

home | site map
© 2007