If you have ever considered hiring a professional to build the home of your dreams, you have likely wondered “how much does it cost to build a custom home?”. Unfortunately, there is no easy answer to this question as every custom home project is completely unique and will feature a different price. While it is impossible to give a flat cost for every custom home, it is possible to understand the factors that influence the total price for every project. That is why the custom home experts at Alderidge Construction have compiled some information on these factors to help you make informed choices to control the price of your dream home.
Learn about 5 practical ideas for your custom home.
4 Factors that Influence Custom Home Prices
When it comes to custom home construction, the following factors have a significant impact on the final price:
1. The Location of Your Custom Home
One of the largest costs associated with your custom home will be the land that you wish to build it on. Certain locations will cost more than others, greatly affecting the total price. Some locations may also require extensive bulldozing, tree removal, or other services to make the land suitable for building. If you are building in a remote location, it will also take longer to transport materials to the site, further increasing your costs.
Learn how to determine where you should build your custom home.
2. Design Complexity
The design of your home will significantly impact the cost of the project as it lays the foundation for many other elements such as size and materials. For example, a 4,000 sq ft home with 4 full bathrooms will likely cost more than a home of the same size with 2 full bathrooms and 2 half bathrooms. This is because full bathrooms are often more expensive to build than a bedroom or den. The number of floors can also impact price. This can be seen by comparing a 3,000 sq ft 2-floor home to a single-storey home of the same size. The 2-floor home would have a smaller footprint and require less land, reducing the size of the foundation and roof while maintaining the same amount of living space and costing less to build.
3. The Total Size of Your Home
Larger houses typically cost more than smaller homes to build as they require more materials and labour. While larger custom homes often cost more, their total cost per square foot will be lower than smaller homes. This is because more expensive items and rooms are spread out over more space, reducing the amount of monetary value located within each square foot.
4. Materials, Appliances, and Fixtures
The materials you choose for flooring, countertops, and backsplashes can significantly alter the price of your project. For example, if you want to install real hardwood flooring in your new custom home, this will cost more than most other flooring materials. In addition to materials, you should consider your appliances and fixtures as they can vary greatly in price depending on the features you are looking for.
To learn more about the factors that affect custom home prices, reach out to the experts at Alderidge Construction through our online contact form. Our experts will work with you to deliver the perfect custom home solution for your wants, needs, and budget.