Pricing a Custom Home, or "It's going to cost what!?!"
Pricing a Custom Home, or “It’s going to cost what!?!” Although the economy has been weak the last several years, the overall cost of construction has continued to steadily creep up, for this reason it is important to understand how your choices will affect and control the cost of building a new home or other major construction project.
Using Our Lifestyle Design process we work to identify your lifestyle priorities, and plan space needs for your new home. While designing your new home we strive to incorporate as many of your lifestyle priorities as the construction budget will allow.
As the chart below illustrates the planning process for a Custom Built Home involves the balancing of 3 variable conditions: 1. Budget, 2. Size, and 3. Specifications, in addition to the Fixed Cost Items.
Only 2 of the 3 numbered items shown in the chart may remain fixed, at least one must remain a variable and will be determined by the limits of the other two.
First example: If you want to determine the 1.Budget and the 2.Size of a new home, then the 3.Specifications and style of the home will need to be variable to meet your size and budget requirements, it is not possible to specify all three conditions without limits. Determining the two variable conditions that are most important to you is the focus of our Lifestyle Design process, flexibility with the third variable condition during design, planning, and construction will be necessary to meet your goals.
Second example: If you want to determine the 2.Size and exact 3.Specifications of your project you will need to be flexible with overall 1.Budget for your project.
Third example: If you want to determine the 1.Budget and exact 3.Specifications of your project you will need to be flexible with overall 2.Size of the project.