How Much Does Building a Custom Home Cost?
April 27, 2020
Anyone interested in building a custom home will have plenty of questions to ask, but one of the most common questions people ask our premier home builders at 4G Design Build is “How much does it cost to build a custom home?”. This is a question that a lot of custom home builders don’t like hearing, because the truth is that there are so many factors that go into calculating the cost of building a custom home, making it difficult to predict the total price until the project is close to being completed.
While it can be challenging to determine how much building a custom home costs in North Carolina, by understanding all of the associated costs, and by working with an experienced custom home builder, you will be better able to estimate the total price tag and ensure that you stay within your budget. In this blog, we’ll highlight some of the factors that have an influence on the total cost of a custom home and how working with the best home builders can help you get the home of dreams while working with your budget.
Factors That Affect the Cost of a Custom Home
When building a custom home, the final cost of the project isn’t just pulled out of thin air. There are actually various factors that influence how much custom homes cost to build, including:
If you’re working with a custom home builder to build a new home, the size of your home will likely be one of the most significant price determinants. In most cases, the bigger the house, the more it will cost. Keep in mind that the overall cost of the slab, framing, roofing, drywall, and other items inside your home are tied directly to the total square footage of your home.
In addition to size, the design of a custom home will influence the total cost of the project. Homes with more and highly custom windows and doors, specialty features, unfinished basements, high-end appliances, tall foundations, long driveways, deep freshwater wells, extensive outdoor living spaces, full metal roofs cost more. Many people believe one-story homes cost less than two-story homes. Although this is sometimes the case the cost difference is negligible in the overall grand scheme. All design-related features, including the number of levels and rooms, the finishes, and fixtures will affect the total price of your home.
One of the many benefits of building a custom home is that you get to design it exactly the way you want it. This means that you can choose to have your home designed and built with high-quality materials. However, higher-end materials will come at a higher cost. For example, while hardwood flooring and granite countertops may be part of the look you want in your kitchen, both are materials that will drive up the cost of your custom home. Additionally, market factors for some high-end materials may be out of your control, such as lumber costs for example.
How to Build a Custom Home That Is in Your Budget
Because there are so many different factors that affect how much it costs to build a custom home, estimating the total price tag can be very difficult. However, progress can be made in this area by working with the right home builder.
At 4G Design Build, the last thing we want for our clients — and our home builders — is to go into a project without knowing the costs. That’s why we work with our clients to provide them with a fixed price. To do this, we start by working with our clients to design their dream home. Then, we continue by making all the necessary selections for the home — everything from the roof to the floor, the type of lot, etc. By making all of these selections beforehand, our home builders can confidently provide clients with a fixed price. At 4G Design Build, our goal is to build our clients beautiful custom homes in North Carolina while working with their budget. By determining a fixed price for your home after the initial estimate, we are better able to do just that.
If you are interested in building a custom home, contact the team at 4G Design Build today! For more videos and answers to frequently asked questions related to building custom homes, be sure to subscribe to our Youtube channel and keep an eye out for the next video in our series.