by | Nov 30, 2023

Our mission is to build homes designed to enhance the lives of our clients.

In recent years, we have seen increasing interest from our homeowners to understand the costs that they must consider when building a new home so that they can be better prepared to move forward with ease during the design and construction phase.

In the end, your project will have a unique cost depending on your current and future needs. You have the ability to dictate the size of your kitchen, garage, living areas, and so much more. The possibilities are endless. This blog post will help you lay out things to remember when calculating and preparing for the cost to build a house.

Building Cost Per Square Foot

Why it doesn’t necessarily mean what you think

  • Estimation methods aren’t always consistent
  • It leaves out critical expenses
  • It doesn’t factor in regional differences

Custom Home Cost Breakdown

The cost is unique to you and your needs

Custom homes are often one-of-a-kind, upscale homes that feature the industry’s best products and materials, latest technologies, top-notch craftsmanship, and unique design elements. Building a custom home means you have total control over the design of your home. You’ll have the freedom to incorporate architectural styles you love, and features that fit your lifestyle— like an art studio or gourmet kitchen— or incorporate the latest design trends.

This breakdown generally applies to many single-family homes constructed using conventional methods, but other factors such as unique features of the land or home can really affect these figures. For instance, if you live on a steep hill, you might spend more on grading and foundation just to have a solid base to work on.

  • Plumbing & electrical: These comprise a majority of the costs of a new custom home.
  • Special features: These may include some potentially necessary additions and amenities that can increase the comfort and functionality of your home.
  • Interior wall & ceiling finish: The prices of these will depend on the size of home/ number of rooms, as well as on the variety of material you select for the walls and ceilings to be constructed of.
  • Wall framing & exterior finish: Finishing prices depend on the amount and type of siding, trim, doors and windows.
  • Roof: The cost of the roof depends on the size of the building as well as the material used to complete the roof.
  • Kitchen & bath detail: This cost varies widely depending on the type and quality of the materials used, the size of these spaces, and any specialty features you might choose to include.
  • Foundation: Foundation costs are comprised of preparing & excavating, concrete pouring and backfilling. Some homes may even require the additional costs associated with sealing, draining, humidifying and insulating.
  • Floor structure & finish: Endurance, noise insulation, comfort and cleaning effort come into play, with— again— the quality and type of material chosen for construction determining much of the cost.
  • Interior detail: These details are the features that add to the value, comfort, and design interest of your home.

The best way to manage the cost of your custom home is to hire your builder before, or along with, your architectural designer. Only a builder who is very familiar with construction costs can guide you through the many decisions. Having a knowledgeable counselor through those conversations will help you understand the cost consequences of your choices, and we are here to help!

The Ultimate Guide to How Much it Costs to Build a Custom Home in Andover

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