Author Topic: Cost to build home in Irvine  (Read 2624 times)

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Offline jvna

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Cost to build home in Irvine
« on: December 19, 2009, 04:03:00 PM »
I remember reading a thread at the old board where you guys discussed the cost to build the homes in Irvine.  Did someone still have the estimates per foot for the new construction?  Are they the same as the homes in Columbus Grove and Columbus Square?

Offline roundcorners

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Cost to build home in Irvine
« Reply #1 on: December 22, 2009, 09:31:00 PM »
If I'm mistaken it's somewhere around $65/sq foot... for traditional residential stucco boxes...
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Offline graphrix

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Cost to build home in Irvine
« Reply #2 on: December 23, 2009, 12:45:00 AM »
It is $65 a sqft. if you are a big builder that knows how to cut costs down to the bones. In the 909 you might see $65 a sqft. cost (not what you the end buyer pays) for a stucco box. In Irvine the cost (because of higher end materials and better architectural plans) you can expect $85-$100 a sqft. cost for the builder, not the end buyer.

Now, if you are talking custom or on a retail basis, you can expect a cost of $125-$250 a sqft. depending on what it is you are talking about.

Generalizing the cost per sqft. will only lead to problems without more details.

Offline jvna

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Cost to build home in Irvine
« Reply #3 on: December 23, 2009, 10:01:00 AM »
I guess I was just wondering what people estimate for home owner's insurance.  I know that some condo HOA fee cover the house itself so owners just pay to cover what's inside the condo and liability.  The SFRs have to get coverage to rebuild the house and was wondering if Irvinites pay for more coverage vs someone in surrounding areas such as VOC.

Offline davenlei

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Cost to build home in Irvine
« Reply #4 on: December 23, 2009, 01:18:00 PM »
Quote from: "jvna"
I guess I was just wondering what people estimate for home owner's insurance.  I know that some condo HOA fee cover the house itself so owners just pay to cover what's inside the condo and liability.  The SFRs have to get coverage to rebuild the house and was wondering if Irvinites pay for more coverage vs someone in surrounding areas such as VOC.


I moved from Irvine to LN and my insurance costs were only a little more (for a much bigger house).  I believe they are quoting me a rebuild cost of $180 sq. ft. with a 50% overage allowance.

When I was looking for a new house and had quotes on several homes in different areas, it seemed as if the premium was affected the most by two things:  

1) The company you were getting the quote from
2) If you were in a high probability flood/fire zone.

I found out that AAA does not insure homes within XX ft. of open areas or hillsides.  There were homes 3-4 blocks from a hillside and they said it is uninsurable per their fire danger policies.

When I recieved a quote from AAA for a home that was bordering their exclusion zone (but not in) due to a hillside, the quote was over $3K a year.  I then recieved a quote from 21st Century for the same house and it was well under $1K.

Just shop around and have the typical answers ready for them:

1) Sq. Ft. of home.
2) Attached garage?  How many?
3) Living space above garage?
4) What is flooring material?
5) Distance to nearest fire hydrant?
6) Gated Community?
7) Monitored burgalar/Fire system?
8) Any home insurance claims in past three years?
9) Number of bedrooms?  Bathrooms?
10) Number of floors?
11) What is the exterior walls made of (stucco, paneling, etc.)
12) What is the roof material (shake, tile, composite)
13) Any Dogs? What kind? Any bite history?
14) What upgrades were done to home?
15) Foundation type?
16) Number of fireplaces, Gas or wood?
On and on and on....

Offline jvna

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Cost to build home in Irvine
« Reply #5 on: December 23, 2009, 02:36:00 PM »
interesting... thanks.

Offline irvinehomeowner

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Cost to build home in Irvine
« Reply #6 on: December 24, 2009, 10:31:00 AM »
Quote from: "graphrix"
It is $65 a sqft. if you are a big builder that knows how to cut costs down to the bones. In the 909 you might see $65 a sqft. cost (not what you the end buyer pays) for a stucco box. In Irvine the cost (because of higher end materials and better architectural plans) you can expect $85-$100 a sqft. cost for the builder, not the end buyer.

Now, if you are talking custom or on a retail basis, you can expect a cost of $125-$250 a sqft. depending on what it is you are talking about.

Generalizing the cost per sqft. will only lead to problems without more details.

So TIC is going to make about $200+/sf profit on the 2010 collection?

While lower... I still think those listed prices are too high. Must be nice to have a captured audience.
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