Here's my story. We bought a home in South Burlington 3 years ago. There were tenants but the seller bought them out to vacate because our builder said we'd be building in months. We started working with a builder who is a build plus builder. After we took possession the builder said we'd be building in a few months. Never happened. They gave us the name of a planner who dropped the ball and never filed the minor variance (after we learned 9 months later). We disconnected all the utilities as per the builder's request. Eventually when we got the variance approved in December 2022 the butterflies in my stomach were saying that we can't continue with this builder. Things didn't add up to this point so we basically gave them notice (we're looking at our legal options but that's another story). We decided to put our property up for sale and rent simultaneously to maximize our options. We didn't get the offers I wanted. So we are back at considering build again but the quotes we've got are significantly above budget. I talked to a homeowner who got a custom build done that suggested I hire subcontractors to do the kitchen, bathrooms, tiles, flooring, painting and get a builder to demolish, pour the concrete, frame, drywall, doors, windows, plumbing, electrical, etc and to postpone building the basement for 2 years. He found significant savings this way (eg. painting for $3000 + cost of paint vs $30,000). We're not looking to have $600 taps in our home (frankly, from our experience proved to be far less reliable than many other common brand names). Above ground (2 storey) total square footage is 3800 square feet. Basement estimated at 2100 sq feet. I'm trying to get in a total cost of $1.4 million. Question: If we take the approach suggested above ie. builder builds up to the point of inside finishes what would the estimated cost be?

Here is a small update for everyone. Anyone with advice or any initiative to help please comment or PM me. Our plans are done. Here is what is left we have to do. I assume we will be putting the shovel in June. 1) Septic design ($2000-4000) 2-4 weeks 2) Geothermal design (1000) 2-4 weeks 3) Engineered windows/energy report because our windows cover more than 22% of exterior (1200) 1 week 4) Truss and joists Desgin and quotes (free) 2-4 weeks 5) Finalizing survey/ site plan (already paid 12,000... I expect to pay another 2000) 1 week 6) Heat-loss (300-500) 1 week 7) Solar system Desgin (free) to be included on detached workshop roof 1 week 8)GRCA PERMIT (500) unknown 9) building permit/city fees

While I understand that the cost of construction can vary based on factors such as plans, materials, and others, I am encountering a wide range of price estimates for my upcoming project. It would be greatly appreciated if you could assist me in determining the average cost of building for a property like mine. The project involves a 1 basement + 3 floors wooden structure, with 4 rental units, each with a living area of 1000 sqf, totaling 4000 sqf. The objective is to use rental-grade materials without extravagant features. The facade will consist of brick with a metal covering on the top floor and a flat roof made of elastomeric material. The project is placed in am metropolitan area with all the permits ready to brake the ground (no soft cost).

I’ve been chatting with some framers this week and hearing that local framing prices are ranging between $15-$20 per square foot depending on roof complexity. This is labor only no material of course. I remember about 7 years ago when it was closer to $10 per sqft! Has anyone else gotten quotes to compare notes? If so post below!

I’m having a hell of a time sorting out financing… any one have any good resources or contacts for construction loan?