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What is the Cost to Build a New Home?

posted 18 Dec 2016, 19:51 by Donna Bartsch   [ updated 18 Dec 2016, 19:58 ]
What does it cost to build a new home?
When looking for land one of the first questions that comes to mind is how much will it cost to build a new home.  This is logical, as you want to make sure you can afford to establish the property, and land cost and build cost are the two main contributors.

With custom designed homes, there is no one simple answer to "how much does it cost to build?", as the cost is dependent on numerous factors including the design and size, material selections, and sometimes the land itself (for example sloping site).

A quick reference of cost to build is often the local paper, where project homes advertise their display homes and indicative prices.  What these prices include and exclude is often ambiguous, to say the least, and prices listed are often rarely sold as owners choose material upgrades or make changes to the design to suit their needs.  A custom designed home is so different in design approach and outcome, that using project home pricing as a guide is really of no help.

To better understand the cost to build, the following chart may be of assistance.

If you are looking to build, or renovate, and not sure of what to budget, contact us for a free no obligation discussion.