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| Download Free Construction Cost Breakdown Template in excel |
Creating a construction cost breakdown is one of the first steps to building a cabin or house. If you need to secure financing, your bank will want to see this and usually have it backed by some bids from subcontractors.
Our construction costs consisted mainly of materials since we did almost all of the labor ourselves. Folks will often time over-estimate the amount of labor they plan to do themselves and in turn end up with an unrealistic construction cost breakdown.
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It's best if you can plan for worst-case on the construction budget, assume you'll actually complete the labor on a few areas where you already have expertise, and then you'll be less likely to get in a bind. The only areas we hired out during our cabin construction were excavation, foundation, insulation, and drywall. The cost savings in doing these tasks ourselves weren't significant enough to make it worth our time.
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