Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance 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

Sears' head of real estate is stepping down
CNBC
The head of Sears Holdings' real estate division, Jeff Stollenwerck, is preparing to step down from his role with the department store chain, a company spokesman told CNBC Tuesday. Stollenwerck has been with Sears for 15 years, leading the retailer ...
MOVES-Sears real estate chief to leave US retailerReuters
Sears CEO offers to buy Kenmore, Sears real estateHouston Business Journal

all 6 news articles »


Forbes

The Hard Questions To Ask Before Investing In Any Real Estate Deal
Forbes
Real estate has always been regarded as an equal-opportunity wealth creator. However, the caveat emptor: real estate historically has been full of scams. And, based on my experience managing distressed real estate funds, that's the No. 1 reason smaller ...



7 reasons stocks are better than real estate
MarketWatch
You've heard this before: Stocks, over time, outperform real estate. There are many schools of thought on this but one common statistic that gets tossed around shows equities over the past several decades have returned an average upwards of 10% a year ...



New York Times

Recent Commercial Real Estate Transactions
New York Times
$6.3 MILLION. 457-459 West 150th Street (between Amsterdam and Convent Avenues). Manhattan. A local developer has bought this four-story brick parking garage with an elevator in Hamilton Heights. The garage, which was sold in an off-market transaction ...

and more »


Splinter (blog)

Sean Hannity's Real Estate Portfolio Raises Journalism Ethics Questions
NPR
A week ago, it was over Hannity's legal and personal connections to President Trump's attorney, who's under criminal investigation. This week, the dust-up is over Hannity's personal real estate empire and whether he should've revealed his financial ...
Sean Hannity's Real Estate Empire Connected to Criminal InvestorSplinter (blog)
Trump supporter Sean Hannity's real estate venture linked to fraudulent property dealerSouth China Morning Post
Media shines light on Fox News star Sean Hannity's Georgia 'real estate empire'Atlanta Business Chronicle
Bisnow -The Guardian -The Guardian -Sean Hannity
all 83 news articles »


CNBC

Barry Sternlicht: US real estate is my favorite asset class right now
CNBC
Barry Sternlicht, Starwood Capital Group chairman and CEO, provides insight to the real estate market and where he is seeing opportunity. Watch CNBC Live TV. You May Like. ‹ › Latest Video. ‹ 02:24. Coca-Cola CEO: We're growing in all the categories we ...



Forbes

Real Estate Market For Spring 2018 Is A Good News/Bad News Story
Forbes
Shutterstock: Arch Mortgage Insurance Spring 2018 Report predicts potential 17% increase in monthly mortgage payments by year-end for Tampa, Florida. The Spring 2018 real estate market is a good news/bad news story. A recently released report from Arch ...



Wall Street Journal

Brookfield's New Venture-Capital Unit Eyes Real-Estate Tech Startups
Wall Street Journal
Brookfield isn't the only big player using its holdings of office towers, malls and other commercial real estate to get a front seat in the new technology world. Several giants have set up separate investment units, including home builder Lennar Corp ...

and more »


Los Angeles Times

Fox News host Sean Hannity's real estate holdings draw scrutiny
Los Angeles Times
On Feb. 6, conservative media personality Sean Hannity brought his longtime financial advisor, William Lako, on his popular radio show to talk about money. "For 25 years, you've watched me start with nothing, right, pretty much?" Hannity asked Lako ...
Will Sean Hannity's Secret Real-Estate Empire Get Him in Trouble at Fox?Vanity Fair
Sean Hannity Faces Conservative Criticism Over Real Estate DealsTIME
Sean Hannity's Real Estate Empire Includes Okemo CondoSeven Days
New York Magazine -HuffPost -Politico -The Guardian
all 156 news articles »


Forbes

The Blockchain For Real Estate, Explained
Forbes
There is a lot being written about blockchains, bitcoin and related technologies, and for many real estate professionals, this is part of a brave, new, confusing world of technology. Like the original internet, the blockchain is a revolution in ...


Google News

home | site map
© 2006 TIGER MEDIA