The Log Cabin
Showing posts with label log cabin budget. Show all posts
Showing posts with label log cabin budget. Show all posts

Monday, July 19, 2010

Your Log Cabin Budget

What will your log cabin cost? That depends on a lot of things. You control most, if not all of the cost factors. The first step is to set a firm budget. Then, you probably need to make comprises as needed to stay within that budget.

I remember touring a log home that happened to be my preferred model, a three bedroom, two and a half bath with great room and a finished basement. The sales representative of the manufacturer, who was also a builder, eventually confided to me that a standard equipped home of that model would probably cost around $400,000. I believe that he was being entirely honest and I have also to confess that the number was a tad more than I expected.

He also stated that the particular house we were touring cost around $500,000 due to upgraded cabinets, countertops, fixtures, etc. That’s a 25% premium! Wow! (I don’t know about you but I’m not all that excited about fixtures.) Keep in mind that only about 20% of a log home cost comes from the logs.

Based on this experience and further research, I would recommend the following log home cost management approaches.

Determine your base log cabin design. As the result of reviewing many plans and visiting a number of log cabin models, I have a pretty good idea of what I would like. I’m not sure that I will be able to afford it but that’s OK. I’m going to have two to three log cabin manufacturers provide me plans (based on my input) and an estimated cost. I will also get quotes from at least three builders with log cabin experience (after reference research) to complete the construction.

If the numbers add up too high, I will start cutting back on features that I would like but don’t need. There are add-ons that I’ve seen on a model that I could live without. Maybe that roof won’t cover the porch. Maybe the roof won’t extend over the great room windows. Maybe I won’t be using Brazilian hard wood for my porches. If necessary, the basement won’t be finished. I will also expect the vendors to tighten their belts as well.

As a guide, I have seen a turnkey cost projection of $140-150 per square foot which excludes a driveway, septic and well. A minimum budget should not dip below $130.