Want to Build a Family Compound in Colorado? Here’s How Much it Would Cost

My girlfriend's family often brings up how cool it would be to build a family compound. I have to be honest, I think it would be great to live on a family compound.

My first thought was about how expensive it would be to build one. My second thought was how expensive it would be to build one in Colorado.

Family Compounds Explained

A family compound is when you buy a bunch of land and build separate homes on top of that land. You build different homes on the property, which would give each separate family member or friend their own space.

Your life might look like this.

Cost of Building a Family Compound in Colorado

The cost of the family compound would depend on where you would want to live in Colorado. Living in a rural area would be far cheaper than more populated cities like Denver, Colorado Springs, Fort Collins, or Boulder.

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It broke down the cost and expenses by the area that you might want to build it in as well.

Rural Compound in Colorado

To live in a rural area of Colorado like Alamosa, Trinidad, or Aguilar, the land would cost anywhere from $5,000 to $50,000 per acre of land. For a basic home, it would be $200 to $300 per square foot.

The infrastructure for utilities, roads, and fencing would be around $70,000.

ChatGPT says that a budget-friendly option would be from $1 million to $2 million. The mid-range would be about $4 million for three to six homes on the compound.

This is if you were starting from scratch.

Mountain Area Compounds in Colorado

As you could imagine, living in mountain areas would be a bigger cost. The cost per acre is $20,000 to $100,000.

The construction is looking at $300 to $500 per square foot. With utilities and fencing, the total cost would be $4 million to $10 million for your family compound.

Compounds in Suburban Areas in Colorado

The home construction would be the same as in mountain towns. This is good news. Roads and driveways would cost $25,000 to $150,000, though.

Utilities and HOA costs could be as high as $100,000, depending on which Colorado city you would want to live in.

The estimated overall cost to own a family compound with four to six homes in cities like Boulder, Fort Collins, or Colorado Springs would be somewhere between $12 and $25 million.

All estimates were provided by ChatGPT.