Planning and building your dream home is an exciting process that is filled with endless possibilities. Before even consulting with a contractor, you may have already decided on the major details. Decisions as big as the architectural style, size, or layout might be solidified and you may have even selected finishing touches such as your favorite chandelier or paint color.
So the big question: What is my dream home going to cost me?
Every custom home’s design and building process is unique, just like the families they are built for. For that reason there is no one-size-fits-all price. That being said, there are common factors that can influence a project’s cost.
In order to help you gain a better understanding of a baseline cost for your home, this article will help explain square foot pricing along with major factors that affect a project’s cost, including:
PRICE PER SQUARE FOOT
When we talk about pricing for new home construction, you’ll often hear numbers in terms of price per square foot. There are many working parts in calculating the price per square foot of a project. The size of the house is one factor, but the cost includes interior and exterior architectural finishes as well.
Square foot pricing will also incorporate costs for:
Our homes average 2,800 square feet or more, and our price per square foot is generally $800 or higher, depending on the factors described above.
ARCHITECTURAL STYLE
One major factor that will influence a project’s price is the architectural style. You may decide that you want your home to be ultra-modern with a flat roof, or perhaps ranch-style with a three-car garage, or maybe even a transitional-style house with decorative beams and a swimming pool.
Certain style homes are more structurally complex and have far more interior and exterior details, which is why some are more expensive to build than others. For instance, an ultra-modern home style is generally more costly because of its extremely detailed and precise finishes such as recessed baseboards, crisp, smooth finishes, floating stairs, standing seam metal roof, and large custom aluminum windows.
On the opposite end of the style spectrum are craftsman or traditional-style homes with lots of intricate door and window casings, detailed crown moulding, coffered ceilings, and wainscot paneling. All of these unique features add to the project’s cost.
Other architectural styles, like transitional homes, may have fewer intricate details, like less expensive wood/aluminum clad windows, a composite shingle roof, and no crown moulding or wainscoting. More complex plans require more labor and custom materials, which also involves more time and more money.
SITE CONDITIONS
Site condition refers to the physical, geotechnical, and archeological conditions of the land where construction will occur and could potentially add additional costs to home building. Subsurface water and soil composition are two major examples of the complications that could occur in regard to site conditions.
One of the first steps to designing/building your home is to hire a geotechnical engineer (also referred to as a “soils engineer”). Oftentimes, your architect will suggest hiring a soils engineer who is familiar with your area’s site conditions.
This person will take soil samples by boring holes down to depths of 30–40 feet to analyze and determine the groundwater level and soil composition. These findings will help the structural engineer and architect properly design your house to withstand seismic activity, wind, and other natural events.
Soil composition matters
The ground and soil composition helps the building crew make decisions regarding foundation construction. For instance, if a home is built upon expansive soils (clay-based soil), the foundation could experience lifting, cracking, and other structural issues because the soil expands and contracts easily.
One solution for dealing with poor soil composition is excavating and removing existing soil and replacing with engineered fill. Drilled piers are also a common method used to combat the shifting properties of expansive soils. Piers are used as additional foundation support and typically are 16–32 inches in diameter and 20–32+ feet deep. The holes are drilled, reinforced with grade beams (and void forms), and filled with concrete. Depending on the diameter, depth, and number of piers needed, this method could add anywhere from $15,000 to $60,000+.
Subsurface water can add to your costs
If subsurface water is found on your site, it can be one of the largest added costs. Excessive subsurface water can cause significant problems to the foundation, so it is important to remove the water through methods such as traditional dewatering or the addition of secant walls.
Dewatering can cost upwards of $50,000 while secant walls can cost close to $200,000 or more depending on the size of the basement. Additional costs for waterproofing a basement or crawlspace can also increase the square foot price.
FINISHES, FIXTURES, AND APPLIANCES
Additional elements that play into a project’s cost are the finishes, fixtures, and appliances chosen for the home.
Finishing touches give your home personality
Options for finishes are vast, and the price varies depending on the quantity and quality of the materials. Finishes can include:
For example, flooring materials such as linoleum and laminate are on the lower end of the price range and can cost around $1 to $4 per square foot, whereas hardwood, tile or concrete flooring can cost $15 to $25+ per square foot (or even more), depending on the stain or finish.
The same goes for other finishes in a house such as paint, stone, plumbing fixtures, and cabinet styles. Whether you favor granite over quartz countertops, or Farrow and Ball paint over Benjamin Moore, the finishing touches and their costs will vary depending on a family’s preferences and lifestyle.
Appliances do the heavy lifting
As for appliances, they have evolved to include luxurious technologies that have the ability to provide dinner recipes, do dishes and laundry in minutes, and operate via Bluetooth.
Depending on if you are looking for something with all the bells and whistles or something that will just get the job done, the appliances can easily increase the final price of a project. A few brands that we frequently install that are on the higher end of the price range are Sub-Zero, Wolf, Miele, and Electrolux. Choosing high-end brands can add anywhere from $20,000 to $50,000+ to a project’s cost.
CONCLUSION
It is safe to say that there is no universal, “cookie cutter” answer for how much a project will cost, but your dream home should be designed and built in a way that embodies you and your family. Understanding our average price per square foot and average house size can help form a baseline estimate for your project’s cost. Hopefully we answered some questions about pricing and additional considerations when estimating the cost of your new home.
Contact us today to schedule a consultation and discuss your design and construction options for your dream home today.
All Rights Reserved | Supple Homes Inc
All Rights Reserved | Supple Homes Inc
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