Initial First Steps     Cost Factors

Initial First Steps

It is recommended that you talk to a builder about your lot prior to purchasing it.  If you buy before coming to us, discuss the proposed home placement on the lot with your realtor.

  1. Buy lot
  2. Meet with builder and discuss objectives; design, budget and timing.
  3. Our designers or yours prepares plan. We give you feedback during this process.
  4. Create plan and list of specifications including home allowances for fixtures and finishes.
  5. Builder bids plan and adjusts bid if needed based on customer input.
  6. Sign contract and proceed with bank financing.
  7. After bank approval builder begins site preparation

Cost Factors

New home pricing is determined by many factors some of the most important are listed below:

1. Total square footage: this includes the size of your garage and porches, as well as the living area. The square footage price cannot be the same for a home with a three-car garage and wrap around porches, as it is for a home with a two-car garage and no porches, even though both homes have the same living area.
2. Height of Slab: The slab is usually the most expensive item in building a new home.  The average slab height is 24 to 30 inches anything above this point will cause increased costs. Try to find a level spot or be prepared for additional expense.
3. Percentage of masonry: this includes how much rock, brick or stucco you incorporate into your home design. Masonry surfaces are five to six times more expensive than hardie plank siding.
4. Complexity of design: look at your roof. Your costs escalate if it is steep and has many hips and valleys. This is what a builder calls “cut up” Also many arches and high ceilings take more time to build, which results in a higher cost. To keep costs down simplify your design and roof.
5. Upgrades: if your floors are all wood or tile expect to pay more than carpet. Typical wood floors average $8 and up per sq ft, while tile starts at $5 per sq ft. Other upgrades include metal roofs, solid surface counters, large tile showers and baths, high-end appliances. The list goes on. Ultimately you determine the cost of your house.
6. Site Work: How many trees need to be cut? How far away is the house from the road? How much excavation is needed to prepare the site? The cost of bringing electric power to your house. These elements are often over looked when picking a lot.

With all this said. Design the home you want but be aware of how it affects your budget. Nobody wants to go through the time and expense of designing a home and then find out it’s too expensive to build. Getting a builder into the design process can save you thousands of dollars and lots of aggravation. When we are involved we review every step of the design process and give you valuable input that can save time and money.