How much do you plan on spending on your new home? If, like most people, you plan on settling for a common design, then your estimates should not be off by much. On the other hand, if you have your eyes set on a custom home, then, you have to be patient and open to variations in your estimated budget as the project will be unique.

There are a lot of factors and materials that go into building a home. Everything from the tiniest of nails to walls and roofs and labor comes at a price. Here is an overview of some of the factors that determine the cost of building a home.

Building materials

Building materials constitute the largest portion of your new home’s cost. Their cost is determined by, among other things, the size of your home as this determines how many materials will be used. Quality also matters as, for instance, gold-plated faucets are more expensive than plain ones.

Labor and logistics

Building a home requires the services of different professionals. For instance, a plumber is needed for plumbing while a painter is needed for the painting. All these sub-contractors have varying estimates of the projected costs of their services.

To this end, bidding is one of the most time-consuming parts of estimating costs. It is also one of the most complicated as sub-contractors often provide wrong estimates. Not only does the builder have to go through all the bids to determine the most favorable one, he/she also has to recheck the given estimates to verify whether they are indeed correct.

Finally, the builder also has to consult permitting agencies who will review the plans to determine that everything is in accordance with the law and the set building regulations.

Architectural design

Custom homes often feature unique architectural designs. While these designs make your home stand out, they also come at a cost depending on how complex they are. In this case, it is the builder who will determine how much time and manpower it will take to bring your architectural design to life, and hence estimate the custom home costs.

Patience Pays

Considering all the factors to take into consideration, one has to be patient to allow the builder enough time to plan. On average, estimating custom home costs can require up to 40 hours of staff time. However, the logistics in play may spread out those hours over a period of several weeks.
This may seem frustrating especially considering the excitement that comes with owning a home, but it is necessary. It helps eliminate any confusion that may arise in the future so you can embark on your building project with a specific figure in mind. It also pays to have an open mind as your projected estimates can vary with the builder’s.

Be Sure – Solicit Professional Services

Estimating the time and cost of building a custom home demands expertise in the industry as well as enough experience and organizational skills. As such, it is important to solicit the services of a reputable contractor: a contractor like Alair Homes Brandon.

Alair Homes Brandon is a reputable contractor that provides a wide range of building services; building from scratch, remodeling, and making estimates as explained above. Regardless of where you may be in the U.S. (and even Canada), Alair Homes Brandon will offer a solution to your estimation and building queries.