Building a Custom home cost
Many things affect the cost of building a typical house, but there are three big ones: size, complexity and the level of finish.
When evaluating the costs of building a new home, many homeowners use square-foot pricing as a basis for comparison.
Let’s talk about square-foot pricing for a minute – what it is, and what it isn’t.
Square-foot pricing is a method to roughly compare construction costs for two similar houses, houses in different parts of the country and houses with different characteristics.
But square-foot pricing is not a reliable method for determining how much a particular design is going to cost to build.
Show me a house design, and with a few specific questions, I can place it within a rough range of cost. That’s a start, but for a 2, 500-square-foot custom home, even a range of $20 per square foot is a lot of money. You most definitely don’t want your cost estimate on a $250, 000 house to be off by $50, 000!
With a little research, square-foot pricing can be a useful tool to get you “in the ballpark” — but that’s all. Find out what similar houses cost to build in your area (don’t forget to take out the cost of the land first) to place your ideas in a rough “square foot” price range.
House design size
Many things affect the cost of building a typical house, but there are three big ones: size, complexity and the level of finish. The effect of house size on construction cost is obvious; bigger houses cost more. But it’s not quite that simple.
Significantly more important than house size alone is the matter of where that size goes, as the “cost per square foot” of a house varies tremendously from room to room. It’s obvious that a kitchen, with appliances, cabinets, countertops, plumbing fixtures, tile flooring and other expensive finishes will cost more “per square foot” to build than a bedroom, which doesn’t have much more finish than carpeting and paint.