Are you looking to include specific design elements in your new home? If so, you already know how challenging it can be to find something on the market that meets your expectations. That’s why many turn to custom home builders for solutions. However, you may be unsure of where to start when it comes to budgeting effectively.
Our team at Rocking M Construction has put together the following guide to provide you with more information about the cost factors involved in the construction, helping you make informed decisions along the way.
Starting With Square Footage
As with any home construction project, the interior square footage you select plays a major role in pricing for new builds. An average price for a custom home is about $250 per square foot, but it can range from $100 to $500 per square foot or more.
The finishes, appliances, and materials you select play a significant role in the cost per square foot you can expect to pay. Even if you build a large home, you can save money by opting for less expensive finishes.
A custom home builder can give you an accurate estimate of the price per square foot based on your desired design and layout. Start with the interior square footage you want for the home, then select finishes that keep the project within your budget while still meeting your functional and aesthetic preferences.
The Importance of Land Acquisition Costs
Custom home builds usually involve acquiring a parcel of land, unless you’ve already bought one. Finding the right piece of property that will make your home the perfect oasis can be pricey.
Some people want acreage in a rural area with creeks and large trees, while others may want to purchase a lot in the city. The prices for these parcel types can vary widely.
Before building your dream home, you’ll want the architect to look at the property to be certain the lot can accommodate the foundation size your planned home requires.
Are High-End Interior Finishes Worth It?
Many people desire high-end interior finishes for their home building project. If you’re dreaming of unique flooring or bespoke cabinets, remember that these materials can quickly drive up the project’s final bill.
Some people focus their choices for high-end finishing materials on areas where visitors are likely to spend more time, such as the kitchen. To enhance the property value, consider using high-end finishes in the main bathroom. You could then save money by choosing cheaper finishes in other rooms.
Not only do high-end materials cost more, but you might need to hire specialty contractors to install them. These contractors may charge a premium for working with expensive materials.
Consider Energy-Efficient Exterior Finishes
Exterior finishes and landscaping significantly affect the overall price. However, selecting premium siding and roofing materials that also deliver energy-efficiency benefits could help you recoup some of the extra cost to install them. When selecting windows that enhance the home’s exterior, ensure they have energy-efficient features.
Any extensive landscaping will also cost more. You might try to save money by focusing on the landscaping at the front of the property, where it can have the biggest impact on curb appeal. Selecting landscaping items that require less maintenance can save money in the long run, too.
Don’t Forget the Utility Connections
Building occurring in a rural area means bringing new utility lines to the build site. If the home is set far back from the nearest road, your cost per linear foot for electric and internet services could be high.
In these circumstances, you might have to dig a private well or install a septic tank because you cannot connect to municipal water or sewer systems.
Project Management Fees
With custom home builds, you need a project management team on your side. This team coordinates and manages all the necessary trade professionals and keeps the project on schedule from start to finish.
Hiring a company that both designs and constructs your home means you can enjoy the benefits of a streamlined project management process, giving you peace of mind and ensuring you’re kept in the loop at every stage.
Rely on Rocking M Construction for Your Custom Home Building Project
Understanding the various project expenses involved in building a new home will help you determine which features are most important to you. If you need help with a cost breakdown, Rocking M Construction is happy to provide guidance.
Home building is an exciting project that can also be stressful if you don’t have the right professionals working for you. Rocking M Construction has many years of experience with designing and building custom houses, helping Texans make their dream homes come to life. For a free price quote, contact us today at (830) 549-6612.
