3 Factors That Will Affect How Much You Pay for Building a Home
Home builds are very serious projects and one of the biggest concerns is cost. In many cases, people decide to build because they want more house for their money, not because they want to pay more money for their house!
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Unfortunately, this is often what ends up happening. Sometimes, it can be due to unforeseen events, but many times, it’s because of bad decisions made by the owner or the people they hired. Let’s take a look at a few factors that will affect the price of getting your house built.
The Floor Plans
Some may think that floor plans are a detail, but they could be one of the factors that affect the cost the most. Things like the number of bathrooms and where they’re situated, for instance, will make a major difference. A toilet on a second story will cost much more to install than those on the first floor. Even on the first floor, something as simple as we’re they’re located could make a major difference on how much you’ll have to pay.
The good news is that there are tons of resources that will allow you to find great floor plans and even get an estimate on the cost-to-build – find an example here. This will give you a chance to make compromises and find a floor plan that works both for you and your budget.
Framing
Framing is the single most expensive part of having a house built. It can be tough to estimate exactly how much it will cost to have a house framed, but there are some general guidelines that you can follow to get a rough idea.
Larger houses will usually cost more to frame. The type of framing you use will also make a difference. Stick framing is the most widely used mainly because of how cheap it is. You can expect to pay anywhere from $100 to $200 per sq ft for stick framing. You also have timber framing that uses a variety of carpentry techniques instead of nails to hold everything together.
Foundation
Building the foundation is another major expense. Many factors can affect how much you end up paying for it. One of the biggest is the house’s location.
Things like material costs where you are will make a difference, but also the expertise of laborers in the area. In some places, contractors tend to stick to one type of foundation and become expert in that type only, so you might see a sharp increase if you decide to go for something that is unusual to them.
Regardless of where you are, some types of foundations will cost more than others. But, if the goal is to save money, slab foundations are the best. Full basement and perimeter foundations are more expensive and demand more skill, but have benefits over slabs you have to consider. And, as always, the company you choose here is crucial, so make sure that all their paperwork is in order, that they are ready to back their work, and that they have a long standing in the community with a solid track record to prove it.
So, if you were thinking of having a home built and were worried about the price, we hope we were able to enlighten you. It’s very important that you understand the ins and outs of building your house and get as many second opinions as you can before starting your project.
