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:

Monmouth Real Estate Investment Corporation Reports 1st Quarter Financial Results
PR Newswire (press release)
8, 2012 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (the Company) (NYSE: MNR) reported funds from operations (FFO) of $7450000 or $0.20 per share for the three months ended December 31, 2011, as compared to $6596000 or $0.19 per share ...

and more »


Houston-Based Real Estate Developer Closes More Than $75 Million in Healthcare ...
MarketWatch (press release)
Medistar Corporation is a full-service real estate development company that specializes in the design, development, financing and construction of healthcare real estate. The company focuses on medical office buildings, integrated medical plazas and ...

and more »


Local real-estate developer shares his love of Mardi Gras
Houma Courier
Local real-estate developer SP LaRussa walks through the Krewe of Hercules' den making sure that the krewe is ready to roll Friday night. By Eric Heisig Local business owner SP LaRussa, 70, is known to many as “Mr. Mardi Gras” around this time of year.

and more »


Property Magazine

It's time to kick off the local real estate market
Half Moon Bay Review
If you're a faithful reader of the Half Moon Bay Review real estate section, then you are familiar with “white death,” a term that Realtor Steve Hyman has used to describe the slow winter real estate market between Thanksgiving and Super Bowl Sunday.
The Real Estate Book Includes Free Agent Mobile Websites in Advertising PackagesPR Web (press release)
REALTOR(R) University Granted Approval to Offer Master of Real Estate Degree ...MarketWatch (press release)
Web Winners: Navigating real estate industryNews & Observer
PR.com (press release) -Property Magazine
all 17 news articles »


Real estate field reacts to SD MLS's data idea
U-T San Diego
Real estate bloggers in San Diego and elsewhere applauded and booed the San Diego region's MLS after it said it will allow members to enter their contact information into a new field that could be featured prominently on real estate search sites such ...

and more »


Cole Real Estate Investments Executes Nearly 640000 Square Feet in Retail ...
San Francisco Chronicle (press release)
Cole Real Estate Investments (Cole), one of the nation's leading investors in high-quality, income-producing retail, office and industrial real estate assets, announced it signed leases totaling nearly 640000 square feet at Cole-related retail ...

and more »


Former real estate broker found guilty on 12 counts of forgery
Journal and Courier
5:55 pm A Tippecanoe Circuit Court judge has issued guilty verdicts for 12 counts of forgery in the trial of a former Lafayette real estate agent accused of falsifying sales disclosure records in order to avoid property taxes.
Real estate broker faces felony chargesWLFI.com

all 6 news articles »


Tossed® Hires Real Estate Veteran A. Michael Toroyan as Chief Development Officer
MarketWatch (press release)
Toroyan, a 20-year veteran of the restaurant real estate, and franchising, will bring even greater momentum to Tossed's strong and growing franchise development efforts across the US Toroyan comes to Tossed Franchise Corporation from a previous post as ...

and more »


Jakarta Globe

JLL Commercial Real Estate Report: “It's a Great Time to Be a Borrower”
Area Development Online
A new proprietary survey defines the likely universe of capital available for commercial real estate lending in 2012. Conducted by Jones Lang LaSalle (JLL) and Penton Media Research, it compiled direct feedback from 186 borrowers and 136 lenders who ...
Debt Levels of Commercial Real Estate Borrowers Set to Increase 40% in 2012World Property Channel
Jones Lang LaSalle, NYSE:JLL Upbeat on Indonesia Real EstateLive Trading News

all 20 news articles »


Chris Griffith: Selling real estate of the dearly departed
Naples Daily News
By CHRIS GRIFFITH The only thing certain in life is death and taxes … and probably how emotionally taxing death is when liquidating real estate. Selling real estate is stressful enough for some folks without compounding it with the emotional burden of ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA