paying for the shop build....

[ijuslikefords]

So the girlfriend has been sending me listings for real state in the prospective areas that i plan to move to after finishing my 20 years next year, and I've been looking at lots with a bit of land to it. A few of the listings I've seen were nice places with plenty of room for a shop and my moms horses and dirt biking and whatever else I could want to do, but some of the bigger lots in my price range didn't have garages.
Being as that would put a damper on what I can get done to the mustang and coupe, and leave the bikes homeless and all my tools who knows where, and the whole purpose of buys land is to have a shop of significant size, I have to look into the costs of building a shop of significant size.
I am dreaming of something in the 30x60 size with a second level for wood working and other projects (gun room and R/C airplanes). Now, concessions will have to be maid for budgets, but I want to have ample working space for once, and maybe add lean-tos for more room later on.
I can do allot of the work myself, so I'd like to know what those that have already been through this have been spending to get up to the standing walls, roof, floor stage with the various options on building styles. Stick and frame, prefab, pole barn, ect. How do ya'll pay for this besides saving up for years? I wouldn't want to take a huge loan to build a garage, but I would like to have a usable building without waiting 10 years to save up for it since my military retirement checks will pay the mortgage. Gotta protect all the work put into my vehicles ya know.
Looking for good info now, so I can be better prepared when I go house hunting in the future. Thanks

 

[EOC_Jason]

Prices can really vary by area... and since we don't know what your area is....

Best to just call around and get some quotes for a building the size you want. If you do it right, you can always extend the building later on if you really need more room.

The build out inside is an entirely different story. Some people like the plain rough OSB type look, others go for a more finished with sheetrock and paint and such... It's best to just figure out what you want and make a materials list and price it from there. Also if you build it out yourself and plan it right, you wouldn't have to do it all at once. Like you could do the first floor rooms initially, then later on when you have some spare cash you can build out the upstairs.

 

[NUTTSGT]

If you can get the bldg up and closed in along with a floor that is a big step. You can finish the inside as you go and pay cash for that. Many times I have used a big box store card that offers 6 or 12 months interest free on charges over $300.

 

[DoyleDee]

Income tax check paid for mine... (and let me say first....the g doesn't use my money for interest-if they do..that's fine, I get that too) I only built a 30x36, but it ran me 6 grand.

 

[Falcon67]

*** pocket. Mostly the meager proceeds from our old house sale, in the middle of a depressed housing market. Knocked about 5,000 out of the shop budget. BUT - I got something really nice, no complaints. Even with a bit of a stake to start, it was a strain on the family finances for sure. The positive result is that the building and land are paid for. The last shop was built the same way - paid cash as we went. We are extremely lucky and blessed to be in such a position for sure.

 

[cyamaha2007]

Go to diypolebarns.com You can get a accurate quote online. Punch in your options and it will spit out a price. Im in my 36x56x14h pole barn for 20k. Thats with concrete electrical and doors. I did everything diy so construction cost were nill. Check out my build if you want ideas. I worked every shift i could pull at work for a year. I also sold off a finished project. I was a zombie but it paid off. We bought our first house 16 months ago. I broke ground on the shop 11 months ago im just wrapping it up. My house had no garage and i first i saw that as a bad thing. But im glad it had no garage, more money to put into a real shop. My experience is no mater what it is someone elses (shop) for example will never be what you really want/ need.

 

[oilslick]

I foolishly thought I could do my 32x54 for 20k DIY from menards,well with Crete this weekend I will hit at least 25k, everything costs more than I planned,I spent 2k on fill and still no driveway. I have no interior wiring just a breaker box and plumbing roughed in . Reality ***** but I am sure glad I am doing it now and not when I am to old to make use it.

 

[EOC_Jason]

When you find yourself in a bind. Don't underestimate the value of used items or CL. You can typically find a lot of electrical stuff on CL at good prices. Likewise if you search around you can find used lumber yards, and often those boards are straighter and better quality then what you get in the big box stores.

 

[38Chevy454]

For a basic bldg without any interior finishing you will be doing good to get it completed for $30/sq ft. Might be able to keep it less if you do all the labor yourself, and/or get good deals on the materials. Of course location plays a part here.

As for paying for it, either start saving now, or figure out how you are going to have money when you are ready to build. Finding a place with existing shop garage would be best, but your question was for building your own.

 

[ijuslikefords]

Thanks guys. I'm looking to move to the Tenn, NC, SC corner, up around Chattanooga. and Deals gap area.

 

[Will67]

I robbed a bank to pay for my build, shhhhhhhh.....don't tell anyone

 

[cactiki]

Here are two things to think about.
1. It is usually MUCH cheaper to buy a place with a garage or shop already there than it is to build your own. But you have to put in more effort finding the right place.
2. If you do build your own, research town, county, and state regulations on shop size, setback from property lines, etc. BEFORE you buy anything!!
You are in a good position- prices are down and people are desperate. So don't be in a hurry and you can find what you are looking for.
Good luck!

 

[truckman5000]

Say, the asking price is a decent cost less than appraised price.
Say asking,200k home, appraised 250k.

See if a seller will take more money i.e. 225k And credit you back 25k cash, after your closing? To build the garage.
The bank wont know any different. If its a problem say your using the $ for home improvements.
So if you can do this, you'll have the low interest rate from the bank. As another 2nd loan will be much higher interest.