When deciding to build a dream home there are a number of calculations that should be done to ensure that the budget is not exceeded. Estimating the cost per square foot for home building is the first thing. Let’s go over some tips related to the cost per square foot for home building.
One of the first things you should do is get a floor plan. Looking at the floor plans of the house will give you the area that you should take into account to calculate it. When calculating the cost, remember the cost includes only the living space and not the storage space usually.
Once you have your floor plan squared away, I recommend you get estimates from three different home builders or contractors. By getting three different estimates you can compare and contrast what each party is suggesting and come to a logical decision. Here is pointer for you: cutting costs on the essentials of construction and spending them on luxury items in your home does not make sense. One of your key goals should be to have the best home built of the highest quality. This means the home is built to last. When getting estimates make sure the home builders or contractors are bidding from the same floor plan and specification list.
You will need to take into account the kind of materials that are being used and try getting the best deals from local stores if you are doing the building on your own. If you’re using a home builder or contractor they will take care of all of this for you. Most builders and contractors get good discounts at local hardware stores and this reduces the cost per square foot home building.
One other thing to keep in mind, the actual land isn’t included in the estimate. For instance if a home-builder has given a quote of one hundred and fifty thousand bucks, and the land, as well as site preparation, costs fifteen thousand dollars, the final cost will in reality end up being one hundred and sixty-five thousand.
As a last safety measure, it’s a wise decision to include six to ten percent to the building budget for last minute modifications, increase in material expenses, along with other problems in general. There are things home builders, contractors or yourself have no way of foreseeing when putting together a building estimate.
Hopefully this article has given you a basic understanding of the cost per square foot for home building and what’s involved. I highly encourage you to download the free new home Steps Guide above on the right hand side and learn as much as you can about the overall home building process.
1. Get your floor plan.
2. Get estimates from three different home builders or contractors.
3. Take into account the kind of materials that are being used and try getting the best pricing.
4. Keep in mind, the actual land isn’t included in the estimate.
5. Include six to ten percent to the building budget for last minute modifications, increase in material expenses, along with other problems in general.
6. Learn more about the home building process by downloading the free new home Steps Guide above on the right hand side and become savvy on the overall home building process.