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[quote=Anonymous][quote=Anonymous]I mentioned before that we did 'cost plus' with the builder.  That's a very "hands on" approach--which is a diplomatic way of saying, I'd only go this route if you have an insatiable appetite for detail, a hawk like focus on budget, an insane follow through skills.  I've heard of 'cost plus' as a percentage of the total build--this seems messy to me.  If you decide you want the heated floors, or the expensive tile--does that mean the amount to the builder increases as well?  That could mean endlessly calculating/recalculating builder fees.  We did cost plus, with a flat fee (150K) agreed to for the builder--paid in tranches along the way, as certain milestones are hit.  Percentage wise, if we were doing it that way, that would equal about 15% of the cost of the build itself (not the site work, lot cost or permitting costs).

Another way of looking at this, for the construction + builder fees only (not land etc), cost to build is about 253/sq foot (living space only), or $225 if the garage is also included.

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Can you explain this a little more? I thought cost-plus was just paying for each line item as opposed to a “package” fee for kitchen, baths etc?[/quote]

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