The other day in the Lake Oswego Review (our local Lake Oswego newspaper here), I read a post by a local 
homeowner who is building a new home.
Lake Oswego Real Estate New Home Construction
If you ever have plans to build a new home in Lake Oswego, you should know some of the costs involved. Here is a partial post I read in the Lake Oswego Review:
In the March 22 Lake Oswego Review’s City Notes entry, it is stated that the building permit fee for a new 2,000-square-foot single family home in Lake Oswego costs about $2,670. Well, that’s part of the story. Here’s the rest. In order to be permitted to build the home one must also pay certain service development charges (SDCs). A building permit is not issued until and unless SDCs and some taxes are paid.
In August 2012, I paid for a building permit for a new single-family home of 2,700 square feet in Lake Oswego. The total price was $29,937.53. The costs in addition to the “permit fee” included the following SDCs: sewer $2,344; water $5,289; streets $4,195; parks and rec $11,089. Add a schools tax of $2,830 and a Metro excise tax of $318.86 and the resulting total came to nearly $30,000 (other jurisdictions also impose SDCs).
New Construction Costs Vary
Construction and development costs vary from city-to-city, and county-to-county. I am asked frequently what it would cost for permits to build a new home.
If you were thinking of building a new home in Lake Oswego, you should plan for these costs. Or, purchase an already newly-built Lake Oswego home instead.
Looking For A Brand New Home In Lake Oswego
If you’re searching for new construction in Lake Oswego, you can click on the list of new homes available here. There are currently 18 new homes under construction or brand new in Lake Oswego.
Give me a call at 503-804-9685 and I’d be happy to show you any Lake Oswego property.
ALL ABOUT…..Lake Oswego Real Estate. © Copyright 2008-2012. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of federal copyright laws.
