21 Feb What does it cost to build a custom home?
Building a new custom home is an exciting process and will take up a bit of your time. It’s rewarding to see your vision turn into reality & to have something that you and your family can enjoy for years to come. A common question people ask is why build a custom home? People also then wonder how much it will cost and what building a custom home really means.
When it comes to building a new custom home cost depends on a variety of factors including:
The size of the home you want to build, the finishes you want, materials used & your site.
Building a custom home gives you flexibility when it comes to the overall design. It is important that you review the custom home building process and step through each stage with your budget in mind.
A budget gives you a number to work within to build the house of your dreams. Being able to understand the cost of an extra bedroom or a media room and what impact this has on your budget will help you align your vision with what you can afford.
There is no fixed budget you should have as a bare minimum when it comes to building a custom home, however you should have an expectation of what you’re trying to achieve and if you are able to do that within the budget you have.
Most custom home builders won’t be the cheapest, however you get the value of collaboratively working personally with the builder through the entire process.
One of the best places to start to understand how much your potential home will cost is to look through floor designs you like or by using example homes or home designs you have seen that may be in line with the type of home you want to build.
Using this as a starting point can help you understand your ideas and how you want them to translate into your home. If you have a rough idea of the size of the home and a basic floor plan a builder can give you a general square metre rate and high level cost estimate.
This will help you understand potential cost for what you want to build and if it is achievable or not.
Cost will always be a factor when it comes to building your new home. When creating a custom home being able to align your budget to your vision from the outset will help you manage constructions costs and build a home aligned to your lifestyle and needs.