Revealing How Much it Cost to Build My First House for a Rental Property!!

Summary

In this detailed video, the creator shares the comprehensive costs associated with building their first house in North Houston, Texas. As a self-managed builder, they purchased materials and managed subcontractors directly, which influenced the cost dynamics. The initial budget was $198,590.81, but the final tally exceeded this by approximately $28,000, reaching a total of $226,102.65. Key expenses included land purchase, architectural plans, construction costs like concrete, framing, plumbing, electrical work, and HVAC, as well as finishing touches like siding, roofing, insulation, and landscaping. The video offers a transparent look into the financial realities of home construction and serves as a valuable resource for anyone considering a similar project. The cost per square foot for the build, including the house and garage space, was calculated to be $105. The creator also mentions additional expenses like a propane tank and the decision to use electric appliances in future builds to avoid such costs. Upcoming videos will discuss the investment aspect of the build, providing insights into the financial returns of this venture.

Takeaways

• 🏠 The total cost to build the house, including the lot, was $226,000.20, which was over the initial budget of $198,590.81 by about $28,000.
• 💰 The builder paid $27,000 for the lot in North Houston, Texas, and used cash, avoiding interest and fees from a bank loan.
• 📐 Architectural plans for the house cost $4,800, and a soil report was required at a cost of $850.
• 🚪 The cost of windows and doors was higher due to the choice of black-colored exterior, adding about $1,000 to the total.
• 🛠️ Framing material and labor for the house totaled $17,262.56, with lumber being a significant part of the cost.
• 💡 The builder opted for an underground power line, which added an extra $700 to the electrical work, costing a total of $10,000.
• 🧱 The foundation contractor's mistake of forming the foundation wider than planned resulted in about 50 extra square feet, costing an additional $5,000 to $6,000.
• 🌿 Landscaping costs exceeded the budget by about $3,000, mainly due to the unexpected need for a retaining wall.
• 🪟 Cabinets significantly exceeded the budget, costing $8,628.98 instead of the $2,500 allocated, highlighting the builder's initial lack of knowledge in this area.
• 🚗 The decision to install a two-car driveway instead of a single-car one doubled the cost to $11,000 for better functionality on a busy street.
• 📦 The builder received a refundable builder deposit of $2,575 and a credit card bonus and rewards of $1,800, which helped offset some of the costs.

Q & A

Where was the house built in the video?

The house was built in North Houston, Texas.

Did the builder use a loan to finance the construction of the house?

No, the builder used strictly cash from his checking account or a credit card and did not work with a bank to obtain a loan.

What was the initial budget for building the house?

The initial budget for building the house was $198,590.81.

What was the final cost of building the house, including the lot?

The final cost of building the house, including the lot, was $226,000.20.

How much did the builder exceed the initial budget?

The builder exceeded the initial budget by approximately $28,000.

What was one of the major cost overruns in the project?

One of the major cost overruns was in the landscape, where the builder spent $7,200 instead of the budgeted $4,200.

What was the cost per square foot to build the house?

The cost per square foot to build the house was $105.

What was the cost of architectural plans for the house?

The cost of architectural plans for the house was $4,800.

How much did the builder pay for the lot purchase?

The builder paid $27,000 for the lot purchase.

What was the cost of concrete work in the construction of the house?

The cost of concrete work was $26,775, which was the biggest cost on the build.

What was the builder's strategy for managing subcontractors and materials?

The builder personally handled all subcontractors and purchased all materials himself.

How much did the builder spend on cabinets, which was a significant cost overrun item?

The builder spent $8,628.98 on cabinets, which was significantly over the initial budget of $2,500.

Outlines

00:00

🏠 Building My First House - Costs and Process

The video discusses the personal experience and costs involved in building a house in North Houston, Texas. The host clarifies that as the builder, they purchased materials and managed subcontractors themselves, which influenced the costs. They also mention funding the project with cash, avoiding bank loans and associated interest and fees. A detailed budget and cost tracker are mentioned, with the final costs compared to the initial budget of $198,590.81, revealing an overage.

05:00

📐 Initial Costs and Contracting Services

The host itemizes the initial costs, including the lot purchase, soil report, architectural plans, surveyor fees, builder's risk insurance, and various utility and service deposits. They also cover the costs for a portable toilet, dirt work, concrete, and framing materials and labor. Plumbing and electrical work are also detailed, with the host highlighting their choice to run power lines underground for aesthetic reasons.

10:00

🔨 Construction Costs - Siding, Windows, and HVAC

The video continues with the costs associated with siding, windows, doors, and cornice materials and installation. The host emphasizes the choice of window color impacting the cost. They also discuss masonry work, roofing, insulation, drywall, painting, and carpentry, including the selection and costs of cabinets and interior doors. The expenses related to countertops, mirrors, and garage doors are also included in this section.

15:01

🌿 Landscaping and Driveway - Unexpected Expenses

The host describes the costs of landscaping, including the installation of a retaining wall, final grading, and the addition of a porch area. They also discuss the driveway costs, which were higher than initially budgeted due to changing from a single to a two-car driveway. The expenses for flooring, bathroom tile, railing fabrication, and the installation of these elements are detailed, along with the costs for a propane tank and its installation.

20:02

🗑️ Cleanup, Appliances, and Final Touches

The video concludes with the costs of cleanup, including hiring dumpsters and trash haul off services. The host also lists the expenses for appliances installed in the house, opting for essential ones and leaving others for the tenant to provide. Additional costs like artificial plants, address numbers, plan printing, and cleaning are mentioned. The final section covers utility bills and credits received from a builder deposit and credit card rewards, providing a final total cost of the project.

25:03

📊 Cost per Square Foot and Future Investment Analysis

The host calculates the cost per square foot of the house by subtracting the lot cost from the total build cost and dividing by the total square footage of the house and garage. They arrive at a cost of $105 per square foot. The video ends with a teaser for the next video, which will discuss the investment aspect of the build, including its current and projected returns.

Keywords

💡Builder

A builder is a professional who constructs buildings or other structures. In the context of the video, the speaker is the builder who personally purchased all the materials and managed the subcontractors for the construction of the house. This is significant as it directly impacts the cost and process of building the house, as the speaker was able to avoid additional fees that might be incurred when hiring a general contractor or a builder company.

💡Subcontractors

Subcontractors are individuals or firms that contract with the main contractor to perform a specific part of the work at a construction site. In the video, the speaker handled all the subcontractors themselves, which means they directly managed the different workers responsible for various aspects of the house construction, such as plumbing, electrical work, and framing.

💡Architectural Plans

Architectural plans are detailed drawings that outline the proposed construction of a building. They include specifications for the structure's design, materials, and dimensions. In the video, the speaker mentions paying $4,800 for architectural plans, which were essential for obtaining an engineer's approval and served as a blueprint for the construction process.

💡Soil Report

A soil report is a document that provides detailed analysis of the soil's characteristics at a construction site. It is crucial for determining the suitability of the soil for construction and for designing the foundation. The speaker paid $850 for a soil report, which was a necessary step before proceeding with the construction of the house.

💡Builder's Risk Insurance

Builder's Risk Insurance is a type of insurance that covers buildings under construction, renovation, or remodeling against risks such as fire,洪水 (flooding), and vandalism. In the video, the speaker obtained a policy for $400, which would cover unforeseen incidents like a fire caused by a cigarette or material theft during the construction process.

💡Mud

In the context of the video, 'mud' likely refers to the Municipal Utility District, which is responsible for providing essential services like water and sewer connections to the construction site. The speaker mentions paying $7,880 to the Municipal Utility District, which includes a builder deposit and other fees.

💡Concrete

Concrete is a building material composed of cement, fine and coarse aggregates, and water. It is used in construction for foundations, sidewalks, and other structures. The video mentions a significant cost of $26,775 for concrete, which was the largest single expense in the construction of the house, covering the creation of the foundation and possibly other concrete elements.

💡Cabinetry

Cabinetry refers to the set of cabinets installed in a kitchen or other rooms for storage. In the video, the speaker discusses how they underestimated the cost of cabinets, initially budgeting $2,500 but ultimately spending $8,628.98. This highlights the importance of accurate budgeting and the potential for costs to exceed initial estimates in home construction.

💡Retaining Wall

A retaining wall is a structure that holds back soil or rock from one side to another. It is often used in landscaping to create level areas on sloping ground. The speaker mentions an unexpected cost of $2,000 for a retaining wall, which was necessary to prevent the house from potential structural issues due to sloped terrain.

💡Driveway

A driveway is a private road for vehicles to access a property, typically leading to a garage or parking area. In the video, the speaker talks about the decision to expand the driveway from a single-car to a two-car driveway, which allowed for additional parking space. This change resulted in a cost of $11,000 for the driveway construction.

💡Per Square Foot Cost

The per square foot cost is a common way to express the total construction cost of a building by dividing the total cost by the total square footage of the building. The speaker calculates this cost to be $105 per square foot after subtracting the lot cost from the total construction cost and then dividing by the total square footage of the house and garage.

Highlights

The video details the cost breakdown of building a house in North Houston, Texas, providing a comprehensive guide for potential home builders.

The builder purchased all materials and handled subcontractors themselves, which influenced the cost structure.

The house was built using strictly cash, avoiding any interest and fees from a bank loan.

A building budget of $198,590.81 was initially set, but the final costs exceeded this by approximately $28,000.

The lot purchase cost was $27,000 for a single lot out of two purchased.

Soil report and architectural plans were essential preliminary expenses totaling $5,650.

Builder's Risk insurance was $400 for a six-month policy, covering potential accidents and material theft.

The concrete work was the most expensive单项, costing $26,775.

Cabinetry significantly exceeded the budget, costing $8,628.98 instead of the anticipated $2,500.

The landscaping costs were unexpectedly high at $7,225 due to the need for a retaining wall.

The final cost of construction per square foot was $105, after including the lot cost.

The foundation contractor's error led to a wider house, adding about 50 square feet and $5,000-$6,000 to the cost.

The builder used a cost tracker to account for every expense throughout the build process.

A two-car driveway was installed instead of a single-car one, for better functionality on a busy street.

The builder shared a cautionary tale about the costs of using propane appliances versus all-electric, influencing future decisions.

The builder received a refundable builder deposit and credit card rewards, offsetting some of the costs.

The total cost of the build was $226,102.65, including the lot and all construction costs.

Transcripts

in this video I'm going to be breaking

down exactly how much it cost me to

build my very first house which is this

house right here so let me start by

saying I built this house here in North

Houston Texas and if you're thinking

about building a house there's a chance

that your numbers could be completely

different from what I built this house

here for

before I start explaining the numbers

let me make it straight I was the

Builder on this house I purchased all

the material myself and I handled all

the subcontractors myself so if you're

thinking about building a house and

you're thinking about hiring a general

contractor or a builder company to build

you a house your numbers are not going

to look like this also I built this

house using strictly cash out of my

checking account or a credit card I did

not work with a bank to obtain a loan of

any sort to build this house so I

avoided any interest and fees from a

bank so the numbers you're about to see

on this checklist are exactly what this

build cost me to build it start to

finish so about three months ago I put

together a building budget for

everything it would take to build this

house from start to finish and also made

a YouTube video on it and I posted it

and I told you that I guaranteed it

would be somewhere around 98 accurate

well come to found out as you can see in

the thumbnail I blew the budget so this

is what that budget looked like

I've already made a video on it so I'm

not going to go over that the budget in

detail but I did want to show I budgeted

for 198

590.81 cents and throughout the course

of the build I made a cost tracker looks

the same as the budget but essentially

instead of putting the estimated cost as

soon as I incurred that cost made that

paycheck to the contractor or paid the

bill to the supplier I came over to this

total side and I listed what that cost

was that I paid so in this cost tractor

I accounted for every single penny that

went to the build from the time I

purchased a lot all the way to the time

that it's now complete so

this is 100 accurate so I also I did

this cost tracker tried to do it in

chronological order as much as possible

there may be a couple things out of

whack but let's go through the cost

tracker and see

how much over the budget I decided to go

so first was the lot Purchase cost

um I already made a video on the lot

purchase but essentially I purchased two

lots for fifty four thousand dollars

under one transaction and I only built

on one of the Lots so therefore my lot

Purchase cost was twenty seven thousand

dollars next is the soil report this is

what I had to purchase how to get a

person to come out and do a soil test

they drilled down like 30 feet actually

not 30 feet a little less but anyways

they drilled down did this core took uh

soil samples sent them off to a uh a lab

to do test on them then they generated

this soil report like 10 pages I paid

850 for that report and that is the

report I took and handed into an

engineer to

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be able to generate uh engineered

architectural engineered and

Architectural plans so I paid four

thousand eight hundred dollars for

architectural plans and that is

essentially these right here I don't

know if they're upside down or if you

can see them or whatnot but this is the

plans right here and

I'll tell you exactly what these are if

you don't know so yeah you get that so

plans are essentially the blueprints

the blueprints down to the

one tenth of an inch that subcontractors

will use to figure out how they're going

to build the house and then also what

I'm going to use to figure out how much

material I need to purchase to build the

house so

I paid four thousand eight hundred

dollars to an architect who drew up the

plans and then also sent them to an

engineer to put his stamp of approval on

them so four thousand eight hundred

dollars there

next is surveyor I paid one thousand

fifty dollars to a surveyor that

um made up of I think three trips for

them to come out and do some different

things throughout the process of the

build that I required so a thousand

dollars and thousand and fifty dollars

to a surveyor next is insurance

for the build I got Builders Risk

insurance policy I paid four hundred

dollars for a six month policy this

policy would cover something like if a

framer was on on the house smoking a

cigarette taking a break and threw off a

cigarette and landed by a gas can caught

on fire burned the house down something

like that

um it would cover instances like that so

400 policy on Builders Risk insurance

I think it may even cover like a

material theft or something which is a

big concern for Builders anyways four

hundred dollars for Builders Risk

insurance next is mud I put mud I think

that stands for municipality Utility

District

anyways they're the ones who supplied

the sewer tap and the water tap so they

provided Water and Sewer to the lot then

also I had to pay them a builder deposit

and some other fees and whatnot so 7 880

there

next is portable toilet

I paid 604 dollars for a three month

rental on a portable toilet which is a

porta-john or uh whatever you want to

call it porta potty that's just for the

workers subcontractors have somewhere to

use the restroom when they're working

there at the house because obviously

toilets and whatnot are not installed

until later on in the build so next is

dirt work I paid eight thousand four

hundred forty five dollars in dirt work

I just put dirt work I paid a uh Dirt

Company to come out they dumped I think

30 loads of dirt maybe 35 loads of dirt

and spread it out compacted it down for

the building pad I built in a flood zone

so we had to raise the building pad two

or three feet worth of dirt so 30 loads

of dirt a dozer to come in there spread

it and compact it down eight thousand

four hundred forty five dollars for that

concrete would be next I paid twenty six

thousand seven hundred and seventy five

dollars in concrete

and this was the biggest cost on the

build uh by far

and this was for a concrete company to

put up form boards

um

put down oh dig the beams

also to put down a whatever it's called

plastic Vapor Barrier then also to put

in the rebar

and also pour the concrete and then

finally finish the concrete and knock

off the forms so that cost

and that was only for the house not the

driveway so that cost was 26 775 dollars

moving on down framing is next I paid 11

918.56 and framing material this is for

all the lumber almost all of the lumber

that it took to build the house and make

it look like this it was a little extra

Lumber that I had to purchase with the

uh siding order but anyways 11

918.56 in framing material

and then in framing labor I paid a

framing crew to come out and frame the

house they framed it in like a day and a

half I made a video on the framing of

the house

um really impressive crew I paid them

five thousand three hundred forty four

dollars next was the plumbing

Plumbing total I paid nine thousand four

hundred thirty four dollars to a turnkey

plumbing contractor here that supplied

all the material and all the labor to do

everything on the house

um on the plumbing and then I was

responsible for purchasing some of the

plumbing that I elected to purchase

which was the kitchen sink and faucet

the bathroom shower sinks and faucets

the uh shower trim which is a shower

head the valve and overflow and then

also I purchased two toilets and that

cost 1835 bucks

so moving on down electrical and lights

I paid an electrician ten thousand

dollars to do all the electrical work

and also they ran about 60 feet of

underground line for the underground

power I elected to pay an extra like 700

bucks to them to do it underground

instead of going overhead because I like

the way that I like I don't like how it

looks if it's overhead when you got a

line running from a power pole to the

house so

ten thousand dollars to an electrician

and then also I paid 839 dollars in

lights I think I bought two pendant

lights to go above the island a light to

go above the dining table two vanity

lights so one light for each bathroom to

go above the vanity and a couple lights

for the exterior

next is HVAC so this is uh heating

venting air conditioning paid one

company to come out and do all of that I

pay them 8 459.78

um

next is going to be

siding Windows Doors cornice so this

kind of all goes hand in hand I have

this group together because I paid one

contractor to install everything so for

the window material only I had six

windows on the house I paid four

thousand four hundred and eighty four

dollars and fifty six cents

uh windows can vary very widely in cost

and I had a combination of casement

windows on the front of the house and

then single hung windows on the back of

the house

4844 484.56

and I like to have a black color on the

outside of the windows if I would have

just went with white on white white on

the outside white on the inside on the

windows I would have paid like a

thousand dollars less but just because I

wanted black on the exterior of the

window paid like a thousand dollars more

so that was the window cost exterior

doors

one thousand one hundred and sixteen

dollars forty one cents these are I

think they were fiberglass doors bought

those from McCoy's Building Supply

moving on siding and cornice material so

this was five thousand three hundred

eighty nine dollars and six cents so the

siding material was all of the James

Hardy fiber cement siding

also the Soffit Fascia and one by four

wherever those had to go so

um five thousand whatever five thousand

three hundred eighty nine dollars and

six cents there and then last but not

least I paid one TurnKey contractor it's

common seems like it's common in the new

construction world for a siding

contractor to also install the exterior

doors and the windows the fasciates off

it as well paid them three thousand

eight hundred and eight dollars to

install all of that they were only on

the job for about

two days so

that moved by pretty fast next is the

masonry work I paid 2

976.45 in uh the brick for the material

which was the brick the block

um I had a local

Dirt Company deliver some Masonry sand

so they dumped a load of Masonry sand

also the mortar

for the brick and block

and that would be it so

2976.45 in the brick and block material

and then I paid a masonry contractor two

thousand four hundred and one dollars

and sixty cents to install the brick and

block it ended up taking them like four

days so uh siding gets installed a lot

faster than brick and block probably

four times as fast so if you got a big

house that could add up

um next moving on down is the roof

uh myself and my roofing contractor so

my roofing supply store which is ABC

Supply they shipped out the roof decking

and the shingles

and I paid three thousand two hundred

dollar or three thousand twenty dollars

in roof roof and decking material and

then in roof labor had four guys out

there they decked it and shingled it in

one day flashed it for 1565 bucks

um next is going to be insulation this

is for wall bat insulation and blown in

attic insulation

1949 bucks next is drywall I purchased

the drywall from Home Depot 2 951.45

um half inch drywall then I paid one

contractor to everything from hanging it

to finish it

finishing it the drywall so hang it tape

float and texture

4

926 dollars so next is paint

interior and exterior paint I paid one

contractor who supplied the paint and

the labor six thousand five hundred

dollars

um

also I paid them like 900 extra that's

included in there I pay like 900 extra

because we painted the whole exterior I

looked at the house and I didn't like

the paint color so I paid them nine

hundred dollars just to go back and

repaint the whole exterior once they had

finished that so that didn't help on

trying to stay on budget next is

carpentry go through this trim shelves

carpentry materials so everything for

like baseboards uh

door casements the shelving for the

pantry and for the linen closet 1322

dollars for the cabinets I purchased

them from a local cabinet supplier in

Downtown Houston

I definitely blew the budget there I'll

show you how much here in a minute but 8

628.98 in cabinets interior doors bought

those from McCoy's Building Supply

4138 I think they're

about like I don't know like 15 or 20

Doors I think they come out to like 200

something dollars a piece anyways

interior doors then I paid one Carpenter

to do all do all of that work two

thousand nine hundred dollars to that

Carpenter he was there like a matter of

like four or five days and I feel like

that was a pretty good rate for the

amount of work he had to do next is

countertops four thousand eight hundred

and fifty dollars in countertops I paid

one

local guy who does some work new and

he's in the new construction business uh

for countertops he does the fabrication

and installation so he has his own yard

of uh you know quartz and granite where

you can go pick your color pick your

slab then he will you know make all the

cuts and come install them

so four thousand eight hundred fifty

dollars on the countertops

and that can go up extremely fast I

looked at getting a uh specific type of

quartz for the island only one that had

like a gray vein instead of being solid

white had some gray veins going through

there I would have paid like an extra

1500 bucks just for that uh gray vein

quartz to go on the island and the

waterfall so I elected not to do that

just went with solid white for 4 850

bucks mirrors one bathroom meat one

mirror each for the bathroom uh 180

bucks total bought those off Amazon

garage doors

garage door I should say uh single car

garage

non-insulated whatever I don't know how

thick it was but anyways non-insulated

came black color uh garage door with a

garage opener

2846 dollars to a local company I paid

them they ordered the door when it came

in I think it was about a four or five

week lead time that came out and

installed it so that worked perfectly

driveway definitely blew the budget on

by about double

because I planned on putting a single

car driveway and then realized the

street that the house is on is a super

busy street and it would be very

difficult for whoever was living there

to have a single car driveway and still

parking in the garage if there was

several cars so went ahead and bit the

bullet did a two-car driveway

so you could park four or five cars in

the driveway if you wanted to so that

costs eleven thousand dollars also that

included a little porch area right by

the front door

next is flooring I bought the floor from

Floor and Decor I did a luxury vinyl

plank

uh three thousand six hundred seventy

one dollars then paid a flooring

contractor uh I think I paid him like a

dollar fifty a square foot to install

all the lvp

2475 dollars he was there for two days

did the whole house in two days I really

did the whole house in like one day and

then did the stairs the next day so next

is bathroom tile put tile in both

bathrooms bought the tile from Floor and

Decor as well uh paid 1955 bucks in

material that's the tile the grout the

mortar the black trim pieces

um anyways so 1955 bucks in material

then paid one contractor 2600 bucks to

install it uh took him like three or

four days he was pretty slow but he did

it all himself

he might have had one helper uh but that

was fine if he was taking his time

um next is railing did one little rail

outside the front door and then also did

some railing going up the stairs paid 2

150 bucks to a uh custom

fabricator guy who's got a little shop

here he custom fabricated them for this

house 2 150 bucks there

landscape I definitely blew the budget

on as well I didn't account for having

to put a retaining wall in the back

um so that

uh was a cost that I had to incur that I

didn't think I would have so

7225 bucks paid one contractor he did

the final grade which was very

meticulous final grade because of where

I'm building the house they wanted some

very uh prominent swells and ditches for

the water to go where it needs to go so

the final grading the sod he did a

little walkway to the front door the

flower beds and the plants and then the

retaining wall in the back

7225 bucks

propane tank was a cost I had to incur

unfortunately I paid 2 731 bucks and 72

cents for a propane company to come out

set this tank run a line to the house

fill it up full of gas

uh

2731.72 cents now this is a cost that on

the next time I build right next door I

will do all electric appliances in this

house I ended up doing like a propane

water heater propane furnace

and that was stupid because now I had to

put a uh propane tank there next time

I'm just going to do all electric I

won't have to put a propane tank and

have to worry about keeping it filled up

in the future for the tenant and whatnot

so next is dumpster and trash haul off

added two separate dumpsters uh got a

dumpster set it got filled up after we

framed the house so then I had to have

them deliver another one and once that

one got filled up uh right before we had

to pour the driveway I had to have them

move that so two dumpsters and then

trash haul off I had the garage filled

with trash at one point where I hired a

trash haul off person to come in there

get all that and haul it off for 250

bucks so that totaled

1641 bucks

and trash a dumpster and haul off

next is appliances I only installed a

dishwasher a range and a range hood that

cost 1809 bucks and 19 cents

um didn't feel like installing any other

appliances I'm just going to let the the

renter Supply those

uh fake plants right above the the front

door I elected to go ahead and do this

little modern feature uh and ended up

putting some artificial plants there

this was a 700 cost that I had to incur

so hopefully those fake plants Stay

Green and stay looking good because I

don't want to have to replace those

um anyway 700 cost there

next is address numbers I just bought

this little custom deal off Amazon with

the address numbers for 130 bucks

um I paid some cleaning ladies 400 bucks

to come and clean the house once the

house was all complete get one final

good clean on the house

plan prints so 72 bucks for a local uh

marketing printing company to print

these plans they charge like ten dollars

a set or something and I got like seven

sets so 72 dollars there water and

electric bills

uh 254 dollars in electricity it was

mostly electricity for us to set the

temporary pole that's where contractors

would plug into that temporary electric

service and I would get charged for that

electricity so 254 dollars there

then that is it for the cost uh moving

down I had a refundable builder deposit

from the utility district that I

mentioned earlier and that amounted to 2

575 dollars so that's a negative charge

there I'll get that back and also credit

card bonus and rewards I just counted

this I got a new credit card for this

build or I charge like 60k

and on that credit card so I got the

initial sign up bonus plus the other two

percent or whatever so I got a total of

1800 bucks in credit card bonus and

rewards and I put it on there because

hey you could do that if you wanted to

and I did so

so that brings the grand total to do

226 000.20 226

000 26.53 so

I went over to the budget

from 198

[Music]

000 right there to 226

000 so I went over budget by about 20

twenty eight thousand dollars

um

so I thought I'd just mention kind of

wild went over budget one of the biggest

things was the landscape you see I paid

7 200 bucks well I only accounted or I

only budgeted for 4 200. one of the big

things was the retaining wall that I

paid like two thousand dollars for in

the back of the house which I didn't

want to pay for but I needed it there so

my house doesn't fall down in the future

so

um there's a big one also one really big

one uh

is going to be the cabinets I've had the

probably the number one thing I was the

most clueless about before I built this

house was Cabinetry I accounted for or

budgeted for 2500 in cabinets and we may

have not went with the cheapest cabinets

on the build but as you can see I paid

eight thousand six hundred and twenty

eight dollars for uh cabinets

so that's about six thousand dollars

under budgeted now all the rest of it

was kind of here and there a couple

hundred bucks I'm sure over budget one

of the biggest things as well that I did

not help is that my Foundation

contractor when we were forming the

foundation he formed the foundation five

inches wide on both sides of the house

so you know with it being wider than

anticipated

um

I had to make up with all that in extra

material so extra concrete and as it

goes up extra framing extra Lumber extra

all that stuff so extra material to

build out that extra square footage that

was not accounted for so I think that

added on about 50 extra square foot and

that probably cost somewhere around five

to six thousand dollars extra alone on

that mistake which in the end it really

wasn't a mistake because that money

didn't go in the trash instead of having

a 1450 square foot house

now I probably have a 1500 square foot

house so

actually I know I have a 1500 square

foot house so

um that is the final cost

tracker right there 226 thousand dollars

226.

1026.53 cents so since we're talking

about cost I figured I'd go ahead and

explain how much it cost me to build

this house per square foot so I had a

total cost including the lot cost on the

build of 226 000 so if you subtract the

27 000 lot cost it gives me a total cost

of 199 000 on the build the house itself

so the house was comprised of 1500

square foot living space and 400 square

foot of garage space so if you divide

the total square footage which is 1900

square foot if you divide 199 000

divided by 1900 square foot it gave me a

105 dollar per square foot building cost

on this house

so that's it for today's video my next

video is going to be on the investment

aspect of the build and how much the

investment has made me this far and how

much it'll make me moving forward so if

you're interested in watching that video

then click right here thanks for

watching make sure to like the video and

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