Building a custom home can be an exciting experience, but it's important to understand all the factors that go into the cost. Establishing a relationship with a reliable custom home builder is the best way to ensure accurate pricing and avoid any surprises. The domestic market value, access to construction materials and skilled labor, local cost of living, size of the house, number of bedrooms and bathrooms, exquisite interior design, labor costs, and region all play a role in determining the total cost. It is important to weigh the customization that comes with building a new home with the convenience of buying something pre-existing.
The best way to avoid inaccurate custom home prices is to get those specifications in writing as soon as possible. Think of ways to turn the moving process into a family project and have a personalized kitchen table or fireplace surround to build special memories. If your lot is already finished, the total cost of building your home can be comparable to the selling price of buying an existing home. The following outline is a step-by-step process for building a new house with costs broken down by construction phase:
- Establish a relationship with a reliable custom home builder
- Get specifications in writing as soon as possible
- Weigh customization vs convenience
- Consider domestic market value, access to construction materials and skilled labor, local cost of living
- Determine size of house, number of bedrooms and bathrooms
- Design house carefully
- Factor in labor costs
- Consider region
- Turn moving process into family project
- Compare total cost to selling price of existing home
With careful planning and research, you can create a beautiful custom home that fits your budget.