Pricing Your New Home
How Much will it Cost?
This is the most frequent and logical question we are asked by prospective buyers of a new home, "How much will it cost?"
Answer: "It depends."
Money Saving Tips
- Plans are necessary to price new construction. Get your final planning done before asking for a firm price
- A guess on price is all that is possible without plans. Guesses are never right
- It is less expensive to "go up than it is to go out." Two stories are generally less than one for the same square footage
Utilize less expensive space to hold down cost. Space over garages and space in basements can be half of the cost of main level space
Interior choices made by owners drive about one third of home cost
- Cut costs on items that are easily replaceable at a later date. Light fixtures are an example. Save on them now and replace them when you have extra money
- Shop for bargains. During the six months or so, of construction you will have opportunities to purchase interior amenities on sale. Take advantage of this
- Spend money on important areas of the home, not all areas. Kitchens are a great example
- Be wary of price quotes that seem to good to be true. They usually are
- Be disciplined. Set a budget and do not overspend it
Now Getting to the Point...
What can I expect to pay for a new home?**
Plan on the following per square foot:
- Conventional stick construction = $150+
- Full log construction = $175+
- Timber frame construction = $200+
**These figures are approximations for turnkey construction. Actual prices could be higher or lower than the above amounts.