My recent experience in finding a builder in the Kohala Coast resorts for my clients has reflected the importance of seeking multiple estimates, as builders’ proposals can range far and wide.
My clients felt that the lot and location of their newly purchased land would dictate the style of their home, and had their own architect lined up from past projects. The challenge, however, came with getting a “fair” estimate from a builder. In speaking with three builders and a project manager who worked for Paul Allenâ€™s properties, the numbers were indeed varied, ranging from $250 per foot from a builder in Kohala Ranch to $700 per foot quoted by a builder who â€œspecializes in resort building.â€ My clients were both frustrated and amazed at how the same house plans could range so widely, especially in a market that has construction slowed to a snailâ€™s pace.
It came down to a â€œproposal/estimateâ€ being compiled by a leasing manager who had a son who is a builderâ€¦you are getting the picture of how the coconut wireless works here on islandâ€¦. The end result was that the builder for their lovely upscale Mauna Lani home assisted in providing figures of $540 per ft which included the pool and koi ponds that ran throughout the property.Â In backing out the â€œextrasâ€ of the pool and ponds, the hard costs in this instance came to approx $485 per foot.
I have built with my husband a number of times and have seen both the $250 per foot home (which wasÂ surprisingly beautiful)Â andÂ many $700 per foot homes, and there is no confusion which one I prefer!
Myself, I could probably liveÂ just fineÂ in a $485 per foot home….