Did you know that over 6 million homes were sold last year?
Whether you don’t want to compete in this frantic real estate market or you’re tired of finding things that are wrong with every home for sale, you might be considering building a house from scratch. While this process can take longer than buying a previously-owned home, the final product will have everything you love.
How much does it cost to build a custom home exactly? Keep reading to learn about the top 5 factors that can influence your expenses.
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Location can have a huge impact on your home building cost, so it’s important to know what you’re getting into before you start construction. Location can be broken down into two categories: the city and what type of land you’re building on.
If you’re moving to a popular city, the demand for land will be higher and drive up the price. If you’re building on terrain that’s hard to lay a solid foundation on, then that’ll cost extra as well.
2. Size and Shape
One obvious fact is that the bigger your house is, the more expensive it’ll be to build it. A lesser-known fact is that the shape of your home can also make the building process longer and require more materials. If you want to keep the price low, then sticking with a traditional 4-sided home is the best way to go.
3. Personal Taste
The best custom homes look different for each unique taste. If you have an expensive taste, then the final results will reflect that. Whether you dream of having a pool, granite countertops, or hardwood flooring, these luxury items will contribute to your higher price.
4. Green Technology
Many homeowners are interested in green features that can make their homes cheaper to run and reduce their environmental impact. While green technology like solar panels and energy-efficient appliances are an upfront investment, it can save you money in the long run.
Since there are tons of green features to choose from, make sure you research to decide which can give you the most bang for your buck.
5. Your Construction Team
Home building prices can vary greatly from each construction company, which is why it’s worth taking your time while you explore your options. Instead of going with the first company you like, be sure to get quotes from a few businesses to see what kind of services they can offer.
When you find reliable builders like Coregonbuildingcompany.com, you can have peace of mind that the project will get completed with the utmost care and efficiency.
Are You Ready to Build a Custom Home?
As you can see, there are plenty of factors that can impact the cost to build a custom home. If your budget is your top concern, your construction team can work with you to minimize your expenses without sacrificing quality.
Did you enjoy this article on how to build a house that’s right for your budget and lifestyle?