Our Costs
Our job is to provide clear pricing so you can decide what works for you.
Cost Breakdown
New Avenue is committed to designing to the quoted budget. We know we can deliver quality you’ll love. Our technology makes it very clear throughout the entire design and permitting process, showing how each decision will impact your project budget, so you’re not surprised when it’s too late.
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Typically ~7-10% of total project cost
Custom custom design is one of our favorite parts of any project! And great design pays dividends in quality, efficiency and reduces mistakes.
The hours required for all aspects of the design and permitting of your project often take several hundred hours of work.
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Typically ~3-6% of total project cost
We recruit, collect pricing, and coordinate the work of your structural engineer, surveyor, and Title 24 energy efficiency analyst. Many projects may also require a civil engineer, soils engineer and others.
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Typically ~5% of total project cost
We get your permits for you! California regulations are real (news flash) and we are experts at navigating these processes.
We research these during the design process and handle it all for you.
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Typically ~80-85% of total project cost
We provide a fixed price construction agreement broken down into 50+ line items. Then we invoice on the 1st and 15th of the month for completed work. No advances are allowed - that leads to nightmares. There should be no gray area. If you see a bill, you can see the work that is done.
This includes all the materials, labor, insurances, finishes, and sub-contractors.
Project Options
Detached ADU
Cost Range:
$400 - $1,000 per SQFT (you decide)
The easiest path to adding a new unit is by building a Detached ADU. These projects have a minimal impact on the existing house, allowing you or tenants to remain living on the property for the duration of the project. Further, these are the easiest to build as the contractors don’t have to work within the often tight confines of an existing structure. They also allow us to design a project that takes advantage of new materials and technology, often creating a more efficient and high-performance building. These are the most popular form of ADUs.
Conversion ADU
Cost Range:
$100 - $600 per SQFT (you decide)
On properties that have existing garages or large basements converting space into ADUs can be an option worth considering. There are some complications that can arise - like structures that weren’t built to code or existing plumbing or electrical systems that need to be upgraded - but this approach may still yield great results. There are many reasons to convert existing space, but be warned, this doesn’t necessarily save costs. Working within existing structures is more difficult, and often repairing or upgrading structures to make them livable can be as much or more expensive as building new.
Custom Home
Cost Range:
$400 - $2,000 per SQFT (you decide)
Although ADUs are the bread and butter projects for New Avenue, we are passionate about working with clients to design and build homes that are aligned with their values and lifestyle. This is why we love when clients approach us for custom homes. These projects tend to be quite a bit more expensive than ADUs, primarily because of their size and that clients tend to want to invest in higher quality materials, finishes, and systems for the homes they will be living in themselves. For a custom home the budget should really start at around $1 million and go up from there depending on your needs, taste, size, complexity of the site, and other considerations.
Plex Development
Average Cost:
$1,845,000
Cost Range:
$300,000 - $1,000,000+
As a company dedicated to creating new housing, working on small multi-family projects perfectly aligns with our values. We love converting large homes into duplexes or triplexes, or working with clients to create multi-plex developments that provide much-needed housing. We have completed 7-unit rowhouses, triplexes, and cottage clusters to name a few. Each of these are challenges that require create solutions to make units that are beautiful, durable, and affordable to build. We love taking on these challenges and working with clients to create creative and inspiring “missing middle” style housing.
Build the Future You Want to Live In
Schedule a free assessment. There’s no commitment, no pressure.