How Much Will It Cost To Build?
Determining the cost of building a new home is not always an easy task. There are many factors that impact construction costs.
Here are a few to consider:
Foundation Type – Basements will cost more than crawlspace, or slab on grade foundations. Excavation in preparation for your house may also vary significantly; this depends on your lot and the site and soil conditions.
Finished Square Footage – If you’re building a home on an unfinished full basement, this will cost you less than finishing two floors of living space.
Where You Are Building – Understanding your local building market will help you determine current construction costs. Build costs will vary region to region.
How Are You Building – Working with a New Home Warranty Certified General Contract for a complete turnkey build will be more expensive than acting as your own General Contractor and hiring out respective subtrades. However, acting as your own General Contractor requires knowledge, time and can be stressful.
Level Of Finishings – The cabinetry, flooring, etc. has an impact on your overall bottom line. High level finishing products can add significant costs to your budget, particularly kitchens & bathrooms.
Design Of Your Home – The size and shape of your home can influence costs. A square box or rectangle is more economical than a design that has jogs in the foundation or an unusual shape. It has also been proven it is more economical to build up than out.
Number Of Luxuries – The number of bathrooms and extra rooms in your new home (master ensuite, office, den, media room etc), adds to your square footage and adds to your budget. Understanding your lifestyle and your “must-haves” and the impact this may have on costs is necessary when designing your new home.
It is important that you are prepared and educated on the many factors that can influence your home’s move in ready cost before you begin selecting your plan and designing your home. With over 40 years’ experience in the home building industry, Winton Homes has the expertise to help guide you through this process and to ensure you meet your budget. As we move you through our design process, your budget will begin to take shape. Knowing in advance, what your budget is, will help us set you up for success right from the start. Give us a call, we are ready to help!