“How much does it cost to build a custom home?” It is a question we often hear.
The nature of the question is understood, potential buyers want to know what they will need to budget to build a new dream home, if they can swing it and if they are getting good value for their money from the builder.
The answer is, of course – “it depends.”
There are so many factors in what you will need to budget for in your new custom home build that each project takes on a life of its own.
A Few Factors to Consider About the Cost to Build Your Custom Home:
Find a builder with a great reputation
Deciding to build a custom home is usually among the largest financial decisions a homeowner will ever make. You want your dream home project to be an enjoyable and as stress free experience as possible. And for that, start with a quality builder with a good reputation and experience building custom homes consistent with your vision for your new dream home.
Visit their website and view some of their work You can view ours here). Go visit the properties in person if you can. Verify that all of their insurances and licenses are up to date. A qood, quality builder will not mind you asking.
Get the Right Builder, Not the Lowest Bid
Your dream home experience begins with avoiding the nightmares of a contractor willing to cut corners “to give you a deal.” Contractors who win work on low bids are not doing it to be nice. They want the job and they will make up the difference by hiring cheap subcontractors and using cheaper materials.
Beware of a builder who gives you an impractically low “allowance” for things you will select later in the build (cabinets, fixtures, etc.) If it is considerably less than other bids, you will likely find that they will run up the cost later. You should look for honest builders and ask them to give you realistic allowances.
Choose Quality
Saving on your budget will feel like the right decision during the build, but once your home is completed, there are things that you won’t be able to change. Some shortcuts may be a good idea, but you don’t want to make choices that result in things like floors with “bounce,” uneven temperatures throughout the home or plumbing challenges.
Some custom home builders are might be okay with doing the bare minimum building codes require, but that may not result in your dream home experience once you are living in your new home. We recommend that you consider the long view. Spend a little more on the contractor who can make sure that you end up with the dream home you always wanted.
So, How Much Does it Cost To Build Your Dream Custom Home?
Keep the above factors in mind and build a home you will be happy with for years – in the long run that will end up being far more important regardless of what you spend.
Can we help you realize your dream home?
Use the button below to request a free consultation and let us help you work out the details.
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