Estimating the Cost of Your Custom New Build
Navigating Common Industry Expectations and Confusion
Planning a custom new build? Understanding the cost can be challenging. In this interactive guide, we’ll explore common industry expectations for estimating the cost of your project and why they often fall short in maintaining accurate expectations.
Common industry practices may provide ballpark figures based on square footage or standard features, but these estimates often overlook crucial factors such as site preparation, customizations, and unforeseen expenses. As a result, homeowners may encounter budget surprises during construction.
You Determine The Cost To Build!
The grade of finishes you select for your custom home puts you firmly in the driver’s seat when it comes to the overall construction cost. Sure, square footage plays a role, but it’s really the quality of finishes that steers the budget. As the experts at Landmark Building, we break down builds into three distinct grades: builder, custom, and ultra custom, giving you clear insight into construction costs. While our specialty lies in custom and ultra custom builds, we love it when homeowners get creative and blend different grades. This approach lets you flex your budget muscles, allowing you to prioritize and invest where it matters most to you. So, grab the reins and take control of crafting the home of your dreams—within your budget, of course!
Builder Grade
$200-250 per sqft
- Laminate countertops
- Brushed nickel or stainless fixtures
- Vinyl or linoleum flooring
- Shower/bath inserts
- Stock cabinets
- Entry-level window package
- Vinyl exterior
- No landscaping
- Standard 8-foot ceiling heights
- Basic lighting fixtures
- Fiberglass entry doors
- Single-pane windows
- Basic insulation
- Standard paint colors
- Basic trim and molding
- Standard electrical outlets and switches
- Basic HVAC system
- Standard interior doors
- Basic garage door
- Minimal exterior siding options
Custom
$215-275 per sqft
- Homeowners get full control of selections
- Quality granite options throughout
- Diverse cabinet selection with a range of colors
- Well-appointed fixtures and selections
- Quality tile options in bathroom, kitchen, and laundry room
- Expertly crafted fireplace
- Options for brick, stone, and vinyl exteriors
- Custom landscaping choices available
- Vaulted ceilings for added spaciousness
- Tailored plumbing and electrical options to suit your needs
- Quality window package for enhanced aesthetics and energy efficiency
- Upgraded roofing options for durability and style
- Upgraded lighting fixtures to add ambiance and functionality
- Quality flooring materials for comfort and durability
- Upgraded base molding and doors for a polished finish
- Options for floor plan modifications to tailor your home to your needs
- Tiled showers for a luxurious bathing experience
- Upgraded bathtub options for relaxation and style
Ultra Custom
$275+ per sqft
- Premium countertop options
- Custom-built cabinets
- Handcrafted or specially selected fixtures
- Custom-built bathrooms with tiled finishes
- Premium flooring options for added luxury and durability
- Custom-built ins and fireplace for a unique touch
- Robust exterior options for enhanced curb appeal and durability
- Landscaping options
- Custom plumbing and electrical options tailored to your preferences
- Outdoor built-in kitchens
- Exterior patio coverings
- Ornate window treatments for added elegance and privacy
- No stock options; choices are either special order or custom-built to bring your house to life
- Smart home technology integration for convenience and efficiency
- Energy-efficient appliances and HVAC systems for cost savings and sustainability
- Custom millwork and trim for a distinctive interior finish
- Built-in sound systems
- Specialty lighting features such as recessed lighting or accent lighting
- Home theater or media room
- Wine cellar or wet bar
- Home office or study with custom-built shelving and storage
- Outdoor living spaces such as patios, decks, or screened-in porches
- Specialty rooms such as a gym, yoga studio, or craft room tailored to your hobbies and interests
Typical Construction Budget Breakdown By Percentage
Cost Considerations
Every lot is subject different necessary considerations to make the home you build functional. Here are some basic guidelines what your lot could need an how it may effect your overall build cost.
Lot Improvements
$0-$10,000
Lot improvement costs can range from basic tasks like leveling the ground to more extensive work such as clearing brush and trees for site preparation. The greater the amount of work required to prepare the lot for construction, the higher the associated costs.
City Water-Sewer
$2500-$5000
When planning your custom new build, accessing city water and sewer taps can offer the most cost-effective water and sanitary solution. Choosing city water and sewer taps typically minimizes installation and maintenance costs, making it an attractive choice for many homeowners.
Septic
$10,000-$40,000
Building on a lot requiring a septic system can inflate your budget. It’s crucial to know if the lot percs – if not, you may need a costly engineered septic. Ensure thorough testing and understanding of soil conditions before purchasing land to budget accordingly.
Well
$10,000-$40,000
Needing a well on your lot is another budget factor. The drilling depth required can significantly impact costs.
Cement
$10/psqft
Cement work is an important consideration for custom home building. It’s often not included in the price per square foot, so a rough estimate is around $10 per square foot for any desired cement work.
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Landmark Custom Homes Priced To Build
Please note that prices are subject to change due to fluctuations in product costs, which can increase or decrease depending on market conditions but should be deemed reliable until market shifts occur.
To Be Built: Starting at $400,000
Welcome to our Trisdale Ranch, where simplicity meets elegance in every detail. This beautiful home boasts well-appointed options included in the standard pricing, making it an affordable option without compromising on quality.
Experience the charm and convenience of ranch-style living with our Trisdale Ranch. Your affordable dream home awaits!
To Be Built: Starting at $400,000
Welcome to our Trisdale Ranch, where simplicity meets elegance in every detail. This beautiful home boasts well-appointed options included in the standard pricing, making it an affordable option without compromising on quality.
Experience the charm and convenience of ranch-style living with our Trisdale Ranch. Your affordable dream home awaits!
To Be Built: Starting at $500,000
Introducing Landmark’s Ana, where luxury and customization meet to create your dream home! Enjoy 2400 square feet of exquisite living space, boasting 4-5 bedrooms, 2.5 bathrooms, and a full basement with a 3-car garage. But that’s not all – there’s an additional 500 square feet of bonus space, giving you the option to finish it for an additional living room or kids’ playroom.
Make the Ana Build your own and experience the ultimate in luxury living with Landmark Builders. Your dream home awaits!
Make the Ana Build your own and experience the ultimate in luxury living with Landmark Builders. Your dream home awaits!
To Be Built: Starting at $650,000
Introducing our Dauncy Farmhouse – the epitome of modern farmhouse charm without compromising on durability. This stunning home offers the sought-after barn-style aesthetic, built with the solid craftsmanship required to withstand Michigan’s unpredictable weather.
Whether you’re enjoying the cozy ambiance of the fireplace or taking in the views from the loft, every detail of the Dauncy build is designed to inspire and delight. Welcome home to timeless elegance and modern comfort.
To Be Built: Starting at $650,000
Introducing our Dauncy Farmhouse – the epitome of modern farmhouse charm without compromising on durability. This stunning home offers the sought-after barn-style aesthetic, built with the solid craftsmanship required to withstand Michigan’s unpredictable weather.
Whether you’re enjoying the cozy ambiance of the fireplace or taking in the views from the loft, every detail of the Dauncy build is designed to inspire and delight. Welcome home to timeless elegance and modern comfort.
Book Your Free Consult Now!
Instead of relying solely on industry norms, consider these alternative approaches to estimating your custom new build’s cost do this instead!
Detailed Planning:
Work closely with your builder to create a comprehensive plan that includes all desired features and customizations. This allows for a more accurate cost estimation based on specific project requirements.
Transparent Communication:
Maintain open communication with your builder throughout the process to address any changes or unexpected expenses promptly. Transparency helps avoid budgetary surprises and ensures alignment between expectations and reality.
Contingency Budgeting:
Allocate a contingency budget for unexpected expenses or changes during construction. This buffer provides financial flexibility and peace of mind, minimizing the impact of unforeseen costs on your overall budget.
Contact
- 19295 Eureka Rd Southgate Mi 48195
- Phone: (734) 315-2899
- Email: [email protected]
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