A 2400 sq ft home can require approximately 15,120 to 16,800 board feet of lumber for framing and structural elements, with estimates ranging from about 6.3 to 7 board feet per square foot. The total amount of lumber varies significantly based on architectural design, materials used for windows and doors, and whether the home has a garage or multiple stories.
Estimates
for Framing a 2400 sq ft Home:
· A typical 2,000 sq ft
home uses almost 16,000 board feet of lumber for framing. Applying a ratio to a
2400 sq ft home would suggest around 19,200 board feet. However, specific house
designs and local building practices will significantly affect the actual
amount of lumber required.
· Framing a house, which
involves building the structural skeleton, typically costs $7 to $16 per sq ft,
including labor and materials. For a 2400 sq ft home, this would be a total
cost between $16,800 and $38,400.
· The material portion of
framing costs averages $3 to $6 per sq ft.
There
isn't a single cost for lumber per board foot, as prices vary by wood type and
market conditions, but you can expect a 2400 sq ft home to have a rough lumber
package cost ranging from $35,000 to over $55,000, equating to
approximately $15 to $30 per square foot for the lumber itself,
though this can also be expressed as $350 to $1,000+ per thousand board feet,
with recent peaks and fluctuations noted by the Georgia Department of
Agriculture.
Factors Influencing Lumber Cost
Wood Type: Hardwoods like mahogany are generally more expensive than softwoods like pine or cedar, according to Georgia Hardwoods and Country Concepts.
Market Fluctuations: Lumber prices have historically been volatile, with significant increases seen in recent years, impacting overall home construction costs.
Design and Structure:The size, complexity, and specific design choices of the home will determine the total volume of lumber required, affecting the final cost.
Lumber Source and Grade: The availability of lumber from Georgia-based sawmills or specific grades of wood can also influence prices.
Estimating Total Lumber Costs
Total House Material Estimate: For a home in Georgia, total material costs are around $50 per square foot, which includes framing, foundation, and other materials.
Lumber as a Percentage of Total Cost: The rough lumber package often makes up about 6.5% to 8% of the total construction cost of a home.
Lumber Package Cost: For a 2400 sq ft home, this means the lumber package could be roughly $35,000 to $55,000 or more, depending on current market prices and the exact home design.
Building a 2,400 sq ft home on a half-acre lot in Atlanta, GA, will cost approximately $240,000 - $576,000 or more, which includes $30,000 to $33,000 for the half-acre lot and $210,000 to $543,000 for construction. This range depends heavily on the lot's preparation, the home's design complexity, the quality of materials and finishes, permits, utility connections, and current market conditions.
Examples
of prices based on location
· In more affordable
areas like Acworth, Woodstock, and Kennesaw, land can range from $100,000 to
$150,000 per acre. This could suggest that a half-acre lot in these areas might
be around $50,000 to $75,000.
· However, as you move closer to Atlanta's urban areas, prices increase significantly.
Estimating
the monthly payment on a $250,000 home
A
crucial aspect of buying a home is understanding the potential monthly payments
involved in a mortgage loan for that amount. The estimated mortgage payment on
a $250,000 house typically ranges from $1,500 to $2,100 per month. This
estimate generally encompasses the principal and interest (P&I), property
taxes (T), and homeowners insurance (I), which are often referred to by the
acronym PITI.
https://www.google.com/search?q=house+payment+for+%24250+000+home&oq=mortage
Comments
For a new home in Georgia, total material costs are around $50 per square foot, which includes framing, foundation, and other materials. A 2,400 sq ft home is $120,000 ($50x2400). A half Acre Lot will cost $50,000 to $75,000. Total cost of house and lot ranges from $170,000 to $195,000 in the exurbs.
Mortgage Interest is 6.62% and is expected to go lower as the Fed lowers the Fed Funds Rate.
All
costs are up now, but appear to have topped out. Homes are being sold at under
the asking price.
As home building begins, prices will continue to moderate.
Norb Leahy, Dunwoody GA Tea Party Leader
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