A custom-built home offers you the opportunity to design your home to meet your specific needs and wants. You get to choose your lot, floor plan, finishes, and more. You’ll also be able to work with a builder to make sure that your home will meet your current needs and has room to grow with you as your family changes.

What costs are involved with a custom-built home?

  1. Land

    The cost of land varies depending on location, size, and topography.  Pieces of land that are closer to city limits or in prime locations will cost more than those that are further out. The size of the land will also affect the price – the larger the piece of land, the more it will cost.  And finally, the topography of the land will play a role in the price. A piece of land that is level will be less expensive than one that is hilly or has a lot of trees.

  2. Excavation and Foundation

    Similarly, the costs associated with excavating and foundation work will also depend on the size and topography of your land. If the land is large and/or hilly, the excavation and foundation costs are likely to be higher.

  3. Materials

    The cost of materials will vary depending on the finishes and features you choose for your home.  If you want high-end materials or if you need to special order certain items, the costs will undoubtedly be higher. You’ll also need to account for the general trends in the construction industry at the time of the build. If there is high demand for a certain material, you may need to pay more than usual.

  4. Labor

    The range of labour costs depends on the size and complexity of your home. If you have a large or complex home, you’ll need to account for more hours of labour, which will increase the cost. Furthermore, cheap labour isn’t always good quality, so you may have to pay a bit more to ensure that the workmanship will stand the test of time.

  5. Financing

    Few people are able to afford to pay for a custom-built home outright.  Most will need to finance the construction of their homes, which will add to the overall cost.  The interest rate and terms of your loan will ultimately affect the total cost of the home.

Advantages of a custom-built home

While choosing a custom-built home may be slightly more expensive at first, it offers a number of advantages over modular or existing homes.

  • You won’t need to worry about remodelling or making changes later on, as you can design your home to meet your needs from the start.
  • A custom-built home can be designed to be more energy efficient, which will save you money in the long run.
  • You’ll have the opportunity to choose features and finishes that reflect your personal style rather than being limited to what someone else has chosen.
  • You’ll have peace of mind that all structures are built to code and that there aren’t any surprises waiting for you down the road.

The experts at Jadco Homes can help build your dream custom-built home from design to construction. What’s more, is that our team will work within your budget to ensure that there are no hidden costs or surprises. Contact us today to get started on your custom-build journey.

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