Building a luxury custom home isn’t just about laying bricks and mortar; it’s about bringing someone’s dream to life!
Every single day, potential clients approach us with a query that many builders dread: “How much does it cost to build a custom home per square foot?”
Now, if we had a quarter for every time we were asked this, we’d be able to build a house out of quarters!
The reality of this question is, unfortunately, not so straightforward.
Determining a fixed price per square foot for a luxury custom home is actually quite difficult. When it comes to a custom home, there’s a certain artistry and story that goes into crafting the perfect place for you and your family to live. With so many details behind every creation, you can’t possibly predict a set price for every project that comes through the door.
Regardless of its size, every custom home is unique – just like every homeowner – which is why we can’t offer a set price per square foot for a custom home. There would just be too many variables!
But what we can do is show you what goes into pricing a custom home and what to take into consideration when starting your home renovation project.
Why don’t we have a fixed price per square foot?
We don’t have a fixed price per square foot for custom home builds.
But why don’t we offer this?
The basic answer is pretty simple. Because every luxury home is different, it wouldn’t be possible to give you an accurate price per square foot.
A custom home is a blend of your dreams as well as your own personal preferences for materials and architectural style.
But there are a few more things that go into pricing a custom home. For example, with every home built, there is a unique piece of land that might come with its challenges and issues that affect the price.
Plus, there could be a plethora of last-minute details ranging from interior finishes to landscaping choices. All of these decisions impact the overall price of your home.
What you should consider when pricing your custom home
1. The land you’re building on
The materials and build itself aren’t the only things that affect the cost of your custom home. The lot your home will sit on has a significant impact on how much your home will cost. Not only do you have to take land prices into account, but you should also consider how difficult building a house on that land will be.
For example, if you were to build your home on an uneven, untouched plot of land, you’d need to take terrain and soil composition into account. Plots like these will need a lot more preparation compared to a flat, inner-city plot, affecting the cost of your build.
Another critical factor to consider is architectural style. Suppose you’re searching for a sleek, modern design with impressive glass windows and incredibly stylized arches. In that case, you’ll pay much more than a simple, traditional home.
The floor plan for your custom house is also a key factor when it comes to figuring out the cost of your custom home.
The interior finishes you choose for your home will impact the cost of your custom build. Whether it’s your flooring, lighting, plumbing fixtures, or even decorative accents, each carries its own unique price tag.
For example, opting for a tile that costs just $2.99 could be easy on the pocket, but choosing a custom hand-made tile at $72 paints a vastly different financial picture.
When building your custom home and figuring out how much your custom home will cost, it’s also necessary to take into account the cost of labor when pricing a project.
The home building process consists of a lot of pieces, and when you take everything into consideration, it’s nearly impossible to estimate how much your individual project will cost right away.
Given all these variables, it’s no wonder that builds can range anywhere from $400 to $800 per square foot.
But it’s essential to remember that building your home isn’t just about cost. It’s about value, quality, and achieving your dream space.
What should you ask your builder before working on a custom home project?
When you’re in the process of choosing a builder for your new home, try not to focus on the numbers. The most important thing to ask the team you’re working with isn’t about the price but about their processes, transparency, and integrity.
Your trust in your builder is vital to the success of your custom home. They hold the blueprint to your dream in their hands, and by working closely with them, you’ll see your dream become a reality.
While the question of price per square foot might seem like a straightforward question to ask, luxury custom homes are far from being a one-size-fits-all equation.
They’re as diverse and unique as the dreams of the people who inhabit them!
So, as you start your home-building journey, think about what you want most in your home. Embrace the details, look for quality, and, most importantly, find a builder who understands, respects, and is capable of bringing your vision to life.
Have your custom home built by a team you can trust. Contact us today to discuss how we can help you make your dream home.