What does it cost to build a new home in Steamboat Springs Colorado?
One unexpected outcome of the COVID-19 pandemic has been the rapidly rising costs of construction. Major interruptions to the distribution chain coupled with the demand to make home improvements or build new homes have created an unforeseen record cost increase in 2021.
Steamboat Springs Building costs vary greatly depending on the builder you choose. Some contractors quote $/Sq.Ft. (under roof) which includes a covered deck and garage. Others price interior finished $/Sq.Ft. at one rate, garage at 75% of $/Sq.Ft and decks at 25% of $/Sq.Ft.
Prices as of May 2021 are ranging from $450/Sq.Ft under roof to $700/Sq.Ft and many builders are scheduled to 2023 already. 2 years from the date of this website posting. A year ago, construction costs were running $275/Sq. Ft and up depending on quality.
According to some local builders I've talked with, increased building costs are due to the following:
The cost of Materials is up 30% in the last few months. For example, OSB sheeting has gone from $40 per sheet to $60/sheet in just a few weeks at Alpine Lumber. 2x4s are $9 each, double the cost from 2020.
With the hot real estate market, the cost of housing (rents) is up significantly contributing to the cost of labor. Subcontractors have to live somewhere and when their rents or home costs are up, they charge more. Mechanical Contractors & Plumbers for example are charging upwards of $100/hour, many at $135/hr. Electricians $100-$130/hr.
Clients are asking for features we didn’t use to see in Steamboat as much, i.e. swimming pools, water features, elaborate game rooms, unique countertops, smart homes, and more.
I have many years of experience in home remodeling and work directly with many local builders, architects, electricians, plumbers, etc. Give me a call to talk more about your ideas for a new home or remodel project in Steamboat Springs Colorado.
Dean Laird, Broker/Owner | Colorado Group Realty | 970-846-8284
Testimonials
My wife and I both work in the real estate world (commercial) and have been fortunate to buy a number of properties in a couple of states. In all of that time we have never worked with a more professional, better informed, more honest, or nicer person than Dean. The house he represented us in purchasing was not an easy deal to make, and although his commission hung in the balance, he never made one suggestions that was not 100% in our best interest. Through thick and thin of the deal, and since, he has always been helpful and positive in every way. As you can tell, we recommend in the highest possible way to get to know Dean if you get the chance. And, if you get to work with him, you will be doubly rewarded. ~Lee P
...you will be the one I come to, and I will recommend you to EVERYONE I talk to who is interested in real estate. Thanks again for keeping me in the loop- you've done a great job!! ~Lorri B.
Great. Thanks for your help on this Dean. You’re good to work with. ~Cam B. Steamboat Sotheby’s International Realty
I am thrilled with the transaction and know that your work and expertise made it happen. Thank you!!! ~A.M.
Dean has an easy, laid back style but will surprise you with how sharp his negotiation skills are! He's a local family guy who knows everything there is to know about Steamboat. ~Karen M.
In any town you have a lot of choices when it comes to realtors. Dean was referred to me by a friend of mine who also had a great buying experience with Dean. I honestly don't prefer most realtors approach to selling. Dean was everything opposite of most realtors in that he listened to exactly what I was looking for, was patient, and helped us through the inspection and buying process. Dean was VERY knowledgeable about the area and the best deals in town! Most town homes/condos in Steamboat are located amongst 100s of other short-term rentals. Our town home is located in a very upscale area of town, very quiet, and lot's of great, long-term neighbors! If you want to work with a realtor who has your best interest in mind and isn't just looking for his/her next paycheck, I'd HIGHLY recommend working with Dean! Thanks Dean!! We love our new home!!! ~Barry B.
Our home buying experience with Dean was pleasant, easy, and professional. Truly, it was the best experience we have ever had with a real estate agent or broker. He has a strong knowledge of the Steamboat Springs community, as well as background as a builder so he knows exactly what to look for and really nailed our listings. We were shown properties that matched our needs and found something that was perfect for us. Dean was a great advocate for us during the process and completely followed through on all expectations. And he was still there for us long after the sale was complete, in case we would have needed him. I would highly recommend his services to anyone looking to buy a property in the area! ~Holley G.
In 1996 Dean Laird helped my wife and I find acreage in the Columbia River Gorge. At the time we were living on the Oregon coast several hours away from the Gorge. Dean scouted several properties for us and we then drove up to take a look at what he had found. After looking at a few properties he drove us to a magnificent piece of land which exceeded our expectations and eventually became our home. During the entire process of purchasing our land, Dean was methodical, professional and quite knowledgeable in his handling of contracts. My wife and I were very impressed with his management of our purchase and his willingness to help us acquire the type of property we were seeking. I highly recommend Dean Laird and would most certainly request his services in the event we should ever be in the market for another property. In my estimation he is by far the finest, most caring and professional realtor I have ever had the pleasure of working with! ~David N.
