Thinking about building a new residence? Folks often contemplate the questions like how much to build or what is the cost to build. When considering constructing a home, everyone wants as much home as they might find affordable. Thus the imposing questions of how much to build and what does it cost to build.
I’ve been helping people find the answers to questions about what it cost to build and how much to build for more than 30 years now so we will get promptly at the details I give my clients.
I have experienced the following typical seperation in cost to build while deciding how much to build. I call it the rule of thirds. It is safe to expect that one-third of your cost to build goes towards labor expenses covering all aspects of your home project.
Next while deciding how much to build you will find that one-third of your cost to build will go towards concrete work, mechanicals like plumbing, electrical, and heating/cooling equipment as well as floor coverings.
The final one-third when determining how much to build goes into products included to build the home and include items like framing, windows, doors, siding, and roofing products. Here is where your cost to construct your home can get out of control.
So as you can see there are areas here that you will have some control when deciding how much to build also the best way to control your cost to build is by being directly involved in picking the best valued products for your new home.
Being a residential designer I encourage my clients to make themselves aware aware of the average cost per square foot to build in their micro market because cost to build involved in my three sections described above can have a super impact on construction cost of an equal size structure.
When deciding how much to build you will want to look for accurate details on this topic by talking to realtors in your location or checking local building departments to determine average selling price to total square footage in your market. You should divide this amount to average cost per square foot after that divide your budget by this number to have a starting square footage.
Now you are close in choosing how much to build you will be able to take this footage and merge this information with details like how many bedrooms and bathrooms you want to have.
Now you know you can find several things you can do to help control your cost to construct your new home and be able to increase how much to build when planning your new home.