Jan 1, 2017
“How much does it cost/square foot to build a house in Puerto Armuelles?”
The answer depends upon what kind, size, and quality of house you are building.
If you build a fancy house, with lots of expensive materials (expensive windows, doors, custom fixtures, etc.) it will cost a lot more than a very basic house. It won’t cost just 10%, or 20% more. Building a fancy house can cost 2 to 10 times more than a very basic house.
In Seattle, circa 2016, building a basic house costs about $200 per square foot. A house with expensive finishes can cost $250 to $500 per square foot (I am not kidding). And it goes up from there. An architect-designed, custom timber-framed, Japanese tea house or fancy outdoor sauna building on the lake could cost over $1000 per square foot
In Puerto Armuelles the answer is the same: it depends upon what kind of house you are building.
Fancy Houses
On the high end, there are wealthy expats who have had homes built on the beach by local contractors. They can easily spend $100/sq ft and more. This does not include the cost of the land.
More Basic Houses
On the other hand, in Puerto Armuelles we have several expats who have been their own contractor and have also done a lot of the work themselves. These folks have completed their projects for under $35/sq ft. Granted some of these homes lack much of a design concept since the owner-builders had not built before. However, the owner/builders appear quite pleased with the results.
I have done a brief survey of costs recently. I took into account my conversations with builders and owners. (As I drive around the Chiriquí province, I often stop by construction sites to chat.) I have also done the usual online research that is available to all of us. Based on these sources, I have concluded the cost figures below.
Cost per Sq. Ft Range
As I read the descriptions of the different grades or qualities of construction available at the various price points, one thing is quite familiar. Just as in the US, the big difference in the cost of construction is in the finishes.
Finishes include:
The finishes vary greatly in price. The cost per square foot for the structure of the house does not vary nearly as much as it does for the finishes.
People understandably want to know how much it will cost to build a house in Panama.
The Living In Panama House has the advantage of being designed by an architect specifically for Panama's tropical climate.
The Living in Panama house is an entire “rethink” of the concept of “home” in the tropics. The Living In Panama house is mostly an open-air living concept. This open-air structure, with just a portion totally enclosed, means that only a small section of the house requires the full complement of finishes. With this type of design, you eliminate the need to pay for extra windows, doors, air conditioners, insulation, or cabinetry. Not that you don’t have those finishes, but fewer of them are needed.
Because of this savings, the Living in Panama House, can be built, including finishes, for between $56 and $80 per square foot. This is a huge saving.
The structure of the house, without finishes, costs an estimate of $30 per square foot for the 2 bedroom model and an estimate of $38 per square foot for the 3 bedroom model.
The cost of building anywhere in Panama varies. The biggest variable is your choice of finishes.
Summary of cost/square foot (including finishes)
I hope this helps to answer this popular question.
We have written about remodeling, various construction materials, and alternative housing types. Click on any of the links below to read an article.
Please share your experiences with the cost of building a house in Panama. Use the comment section below. Thank you.
