How much does it really cost to build a custom home?

I was recently asked a great question. “How much does it cost per square foot to build a custom home?” Everyone wants to know how much it cost to build a new home. But there is much more to it than cost per square foot. Take a look at all things to consider when planning to build a new home.

Question: We are trying to decide if a custom home is within what we would like to spend on a new home. We don't want a particularly large home, probably in the 2000-2500 square feet range. How much per square foot can we expect to spend? 

Typically, new construction homes run between $125-150 per SF (or more) depending on finish-out. The square foot price is determined by under-roof square-footage, so that includes garages and porches. If you want a 2000 SF home with a 2 car garage and a front and back porch, expect it to start at $375,000 and go up from there.

However, there are some other things to consider when pricing. 

Location:

If your home is located outside of city limits, you can expect to save a little on permitting cost and time, BUT there will probably be additional costs for adding a well and septic/aerobic systems, which can run upwards of $30,000.

When building on land, you can expect additional costs for things like lot prep, fencing, driveway/flatwork, and a larger than average sprinkler system. 

Tearing down an existing home in the city can cost between $15,000-29,000 on demolition and lot prep. 

The least expensive place to build would be a vacant lot inside a development with city water/sewer. 
Number of bedrooms/bathrooms and landscaping.

The most expensive areas to build in a home are kitchens and bathrooms, so keep that in mind when designing.

Add-ons: Swimming pools or extensive landscaping/sod, expect to add $60,000-$70,000+ for a pool and about $850 per pallet for sod. 

There is sooo much to factor in and consider when designing and building a custom home, that's why we are here to help! Would you like to schedule an appointment to visit us in our office?

You can schedule your appointment directly on our website, there is no charge for in-office consultations.

We are a full-service design and build firm; we can help you design and build the home of your dreams from start to finish. We also offer full Real Estate broker services, which means we can help you find and purchase a lot and sell your existing home. If new construction isn't the route you want to take, we can help you remodel your current home, or find a fixer-upper.