Price is an important consideration for anyone building a custom home in Toronto and throughout the neighbouring communities. Many people want to know how much this is going to cost so they can strategize, determine their budget and make smart choices. However, determining the price for a custom built home is not as simple as quoting a price per square foot in the way that many companies do for a production home, for instance. Home building is an individual process. That’s the beauty of it. So, it’s important to understand the factors involved and the control you have while you’re talking price.
Home Pricing – More Than Just Square Footage
Some builders will offer you a rough estimate of cost based on square footage, but you should always recognize that it’s just that – a rough estimate. Your final price is determined by many details ranging from how much work needs to be done to prepare the piece of land you pick to build on to how you want your home laid out and what features you want to include inside. Since building a custom home truly does empower you to create a home that’s all your own, you’ll be working with a unique floorplan and endless opportunities to make choices inside your home, which is why providing a cost based strictly on square footage could prove to be quite inaccurate.
Features in Your New Home
This process of determining what features your custom built home will include is the period in which price will take shape. You’ll begin at a very high level, determining square footage, the floorplan and room count. Then, you’ll work your way down to the tiniest details, such as which lighting fixtures you want to include, the type of flooring and even specifics like what your electric outlet covers or door knobs will look like. With each choice you make, the question of price will become easier to answer.
Custom Built Home Plans and Photos
As your dream home becomes more defined, a custom home builder will often show you floorplans and pictures of homes that are similar to your ideas and which that company has completed. This is an opportunity to see what you like and what you don’t and make changes to your custom home based on that. Working with a custom home builder also gives you the opportunity to undestand your options. For instance, if slab granite countertops in your custom kitchen are out of reach, the professional can help you find a less expensive option that gives you a similar finished look or share ideas about cutting costs in other areas of the home to make room for the slab granite you’ve dreamed of for your countertops.
Cost Control When Building a Custom Home
Be mindful that price is generally never set in stone. There are factors that you can’t account for that will make the price go up or even go down. Alair Homes proprietary software makes it possible to track this process and play a central role in making smart adjustments you want along the way. We’d be happy to share more information about the benefits of our system and the transparent nature of our business model. Contact us, and let’s schedule a time to sit down and talk about your dream home.