Since custom homes are often a once-in-a-lifetime investment, it’s important that you go into the process knowing everything you need to know. That includes costs, as budgeting for a custom home isn’t easy. Custom home building can be a costly investment but by making the right decisions and working with the right builder, you can get your dream home at the right price. While prices fluctuate depending on design decisions, most people immediately want to know what the average cost of custom home building is—and if you’re in the camp that’s curious about what these costs may be, we have a basic outline for you.
Cost Per Square Foot
These kinds of prices vary depending on region, though it’s not uncommon to spend $200-250 per square foot of your custom home. Remember that this is based on the finished square footage, so it may not line up perfectly with the exact footprint of your new home. Production builders will cost much less but if you want a truly custom home, this is a good reference point to enter the process with.
When it comes to custom home building, the devil is truly in the details. The square footage is going to be the biggest single factor in determining your overall costs, but all those little features and finishes add up. The range in pricing for flooring, cabinetry, or countertop materials can vary quite a bit, so it’s important that you think about what fits in your budget. Likewise, appliances, plumbing features, and electrical fixtures are all subject to a wide variety of prices also. If you end up getting the top of the line in every category, your building costs are going to go up significantly.
Get Your Budget
People often forget costs that aren’t immediately apparent, such as landscaping or furnishings. In the custom home world, it isn’t common for someone to build out a large dream home only to realize that they need everything to furnish it. Likewise, someone may find land that’s perfect for their dream patio and outdoor kitchens but forget to factor the price of installing those things into their overall budget. Never forget the finishing touches, as they can add up quickly.
Cutting Costs while Custom Home Building
As far as keeping costs down go, remember that a lot of basic construction fees will be the same no matter who you go to. Framing the house and pouring the foundation are perfect examples of where there isn’t much flexibility in the budget. However, working with an experienced home builder means they can help you choose the right finishing details that still match what your dream home looks like without breaking the bank.
Robin Ford Can Help You to Build the Custom Home of Your Dreams!
With over 30 years of award-winning custom home building experience, Robin Ford and his team of expert craftsmen have earned a stellar reputation for their commitment to quality. Click here to learn more about our financing options and how we can help you find a home within your budget.
As an Indoor airPLUS Partner, ENERGY STAR® Partner, Certified Green Professional, and Maryland’s only proud member of the exclusive Southern Living Custom Builder Program –Robin Ford Building and Remodeling, Inc. is equipped to build you a home that your children’s children will want to own.