Whether it’s your first time buying a custom home or remodeling an old fix-me-upper house from the ground-up, the process involved is often exciting and intimidating at the same time. Wondering the costs behind all the work per square foot is not easy to answer, but breaking it down is vital to reach an accurate estimate for your budget.
The estimation should include everything from the kitchen sink to your flooring. This helps you create a realistic bid that meets your budget, which opens up areas that you can cut out or improve for a better ballpark.
To that end, the list below explores some of the most important factors to consider when estimating construction costs for your dream home:
Tip #1: Consider the Square Footage
When you’re already working on purchased land and are ready to move forward, planning a blueprint for your dream custom home, the best way to start is first to consider the square footage.
It’s a fundamental requirement as the square footage determines that scope of work on the agreed parameters, along with other expenditures along the way. Keep in mind that the size of the square footage doesn’t necessarily dictate your costs.
Bigger custom homes are naturally more expensive, but some smaller homes can also reach a luxurious price tag if you decide to go big in other areas.
Tip #2: Consider the Site Work
The site work is the foundation of your home, so ensuring that it is prepped up correctly is critical when building a house. Your lot may seem to have the perfect soil at first, which means it’s easy to dig out. However, you could also experience a tricky groundwork that contains rocks that you need to remove.
Costs for excavating and pouring can impact your foundation costs exponentially, so be sure to take a closer look at the nature of your land. You may also find some areas that need additional landscaping to prevent problems like potential flooding, so the more work put into this process, the higher your total cost.
Tip #3: Consider the Kitchen and Bathrooms
The design of your home can eat up more than half of your budget, but the kitchen and bathroom can spike up the costs exponentially. You have the choice to splurge on features, appliances, and fixtures to achieve a luxurious living or simple elements for a comfortable yet elegant living.
Fortunately, modern times have created smarter storage solutions and budget-friendly alternatives that allow homebuyers to achieve a luxe look without breaking the bank.
Conclusion: Always Plan When Estimating Costs for Your Custom Home
Having an accurate estimate of the construction costs leaves you plenty of room to develop a good plan. With the right materials and budget, you can turn your dream house to a real house without the risk of spending more than you intend.
If you’re looking for an expert custom home builder in Greater Indianapolis, get in touch with us to see how we can help you transform your home into your dream living space!