investment

That’s Why it’s Important to Know Who Your Builder Is

Building a new home is expensive, but the same is true for remodeling.

Let’s face it…construction of any kind costs a lot.

Currently the average cost to build a new house is around $300,000.00 not including the land. Like anything, this price will vary depending on what you want in your dream home. There’s a wide range of materials and workmanship that will affect the final price. The size of the home and location are also determining factors.

The national average price per square foot is $150.00. This means that a $300,000.00 price would get you a 2,000 square foot home.

The final price comes down to what you want in your home. It’s like looking at a bag of groceries – until you know what’s in it, you can’t know what it’s going to cost.

It makes a difference whether that bag is full of tissue paper or steak.

Most people don’t realize how much these choices can affect the price. Some of the things that have the biggest impact are –

• Construction style – This could be a simple ranch style on a concrete slab or a multi-level house on a finished basement with high ceilings, a complicated roof and wrap around porches or somewhere in between.
• Windows – These can be simple single hung vinyl windows all the way to custom triple pane wood windows with window treatments between the panes.
• Cabinets –This is another place where there is a big difference in quality and styles. You could use simple basic lumberyard cabinets with veneered manufactured wood, or you might choose custom made real wood cabinets with specialty options.
• Countertops – Can be pre-manufactured plastic laminate going all the way to custom solid surface or marble.
• Flooring – There are a lot of flooring options, both solid surface and carpet. Sheet vinyl flooring is much less expensive the ceramic tile, and, in the middle, there’s a range of luxury vinyl. Carpeting can be a lightweight inexpensive product or a very expensive wool.
• Plumbing fixtures – Even the lower priced plumbing fixtures aren’t cheap, and higher priced ones can be scary expensive.
• Electrical fixtures – It’s amazing how many different styles and qualities of electrical fixtures there are, not to mention the number of cool new electrical gadgets that are out there.
• Woodwork – You can choose to have simple basic base and casing installed or you can have multipiece custom made woodwork done. Not to mention that there is an enormous number of woodwork things like stairways, mantels, post and beams that can be done.
• Finishes and features – Painting and staining are one of those things that most people see as a simple process that shouldn’t cost that much. What they don’t realize is that there is a lot more to it than simply brushing on a coat of paint. Preparation is the part that makes a huge difference to the finished product. The same is true for staining and applying the clear finish. This isn’t even taking into account custom paints and finishes.

These things are just a small part of what needs to be considered when building your dream home, and this is just the financial part.

In addition to the dollars and cents, there’s an emotional cost that comes with a home construction project. The emotional part can be a lot more expensive and is harder to measure. Most of the time this part of the construction process isn’t given much though.

That’s why it’s important when considering a construction project to know how to BUILD.

This doesn’t mean knowing everything about construction, rather it means knowing how to navigate the process so you can avoid the overwhelm that happens too often.

This is where having the right builder comes in. In our next post we’ll explore what you should look for in a builder and how rare it is to find a good one.