Residential, comercial, garage, SFR, Condo, new, rehab, union, non union, in reference to code variences as compared to Chicago, rural, city, tradesmen, general costs, what exactly are you trying to build..exactly.... more
At that location there should be things nearby that can be used as Comps. Try peeling away amenities or oddities about the property that make you think it so different that there are no Comps. Peel away the extras down to the basics of 'it is a 2 bedroom condo, 4 bedroom townhouse, etc. Then start adding in values for the extras. Your agent should be able to assist you in doing this.
Beyond that, people often say coming in 5-10% below list is Ok as a reasonable staring point. Write down the purchase cost based on various percentage deductions. How does each scenario work for your budget, what are your bottom line, comfortable level and maximum mortgage amounts. Value is important. However buying any home at a price you are comfortable with is even more important.... more
There is a web-site called Building-Cost.net that can give you a very good idea, I am a real estate appraiser and I use it. The fact is the question you ask has no definate answer and anyone who gave an answer to such a broad question without asking about the quality level and the size of the building etc... would be guessing. I think you'll be very glad you found the web site I have provided.... more