What are the Hard Costs of Building Townhouses?

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If you’re building a townhouse in Houston you know there are many costs involved in the process. There are both soft costs and hard costs. The hard costs of building townhouses are commonly referred to as the brick and mortar costs. These are the tangible costs associated with building your project from start to finish. The hard costs are usually easy to identify and can be determined by an experienced estimator to give you a rough estimate of the cost of the project. They include but are not limited to the following:

Materials

The cost of the building materials used to build your project – lumber, brick, nails, shingles, plumbing materials, wiring, appliances, doors, windows etc…

Labor

This is pretty straightforward, the cost of the labor to build the townhome.

Cost of the floor plans

The cost to design or purchase the floor plans for your project. If building several townhome designs the cost for each floor plan would be counted.

Demolition

Is there an existing structure on the property that needs to be demolished and removed?  Recycling and waste management fees may be part of this number.

Excavation

Will you be building your new structure into a hill? You’ll need to excavate. Does the new structure have a basement? If so you’ll need to excavate. Any movement of earth will result in excavation costs.

Grading

Similar to excavation, the land may need to be graded properly for water drainage and for easy of access.

Landscaping

Landscaping costs include any raised gardens, sod, trees, shrubs etc.

Water drainage

If you live in a flood plane you’ll need to have a route for the water to drain properly into the city our county system.

Contingency costs

This is an estimated amount of money expect for overages. It usually comprises of between 5 and 10% of the project. It’s meant for unforeseen costs that might effect the building process.

The hard costs of building new construction are usually fixed. If estimated properly you’ll have a very good idea of the general cost of the new construction less the soft costs. Soft costs of construction are the less tangible expenses that include fees, taxes, cost of permits and LEED certification to name a few.

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