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Considering Building a New Home? Learn How to determine a budget

When determining a budget for building a new home, the more information you can gather regarding your needs and wants, the home size, property characteristics, and interior and exterior finishes will help determine a budget that is specific to your custom project. You want an expert like Home Resource Company on your side.

Common Question: How much per square foot will it cost to build a home?

This is a question that many people ask when trying to figure costs on a custom build. It would seem to be a reasonable question, but for a custom home builder, it isn’t. If contractors provide a square footage price, it is an average range number comprised of previous projects completed. It isn’t specific to your home, finishes or your needs/ wants. In addition, fluctuations in the market can alter pricing significantly regarding material costs etc. Our 40 years of experience can help guide you.

Factors that affect building cost: Important things to consider

What is the lot like?

Is it flat or sloped? Is there fill that needs to be removed or compacted?

Does the lot have proper drainage?

Are utilities available to connect? (Septic system or well?)

What are the Permits and other related fees for the area?

Is the home one level or two? Daylight basement?

Driveway length?

What type of siding? Cultured stone, brick, Hardi plank, cedar shakes?

What is the roofing material?

When considering the interior finishes, the decisions are endless.

Wood vs painted doors and trim

Solid surface counters vs laminate

Wood, tile, laminate or carpet flooring

Appliance package

Lighting and fixtures

Plumbing fixtures

Upgraded insulation

Starting a project of this magnitude can be overwhelming, especially if this is your first experience in building a new home. Home Resource Company prefers to connect with you early in the process so that we can assist on compiling information that will help you determine an accurate budget. For example, we assess the property, determine elevations and a preferred homesite that best utilizes the property.

Home Resource Company becomes your liaison between the city and or county regarding permits and required utilities.

With over 40 years of experience, our team works closely with you and your (or our preferred) architect on the size and design of the home that supports your needs. We also help you determine the finishes of the home.  The goal in gathering and determining all the valuable information early on will help you avoid the pitfalls of designing a home that is over budget. This process is extremely beneficial as it ensures all involved are on the same page as well information provided is realistic. Our goal is to help you with the building process, so the result is a home you love and is built or remodeled within your budget. To learn more Contact us Today!

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