Build a House – Cost of a New House
Article by Dean
Usually, the cost of a finished home can be estimated based on the final design and building plan. Knowing how much you ideal home would cost will help you determine how much funds you will have to raise or how much adjustments you may have to make in case it is not possible for you to afford to build the house you want.
Following are some ideas on how to estimate the cost to build your dream home:
Confer with a local contractor. - Meet with a house builder in your area and discuss your ideas on the type of house you need. From his experience, he can give you a ballpark estimate on the price range such a house would presently fall on. Contractors usually bill on a per square footage basis and the size of the house will be a good gauge on the final cost. The materials to be used will also be a factor in the determination of the final price. Estimate the Square Footage. - You can also estimate the cost of the home based on square footage. Check out a newly constructed house that may be of similar size, style, and quality of the house you have in mind. Get the price of the home without the land cost and divide the amount with the total area of the house in terms of square feet. The quotient will be the per square footage cost of the house. Use the formula to get the cost per square foot of several other homes in your area. Just make sure these are approximately of the same quality of the first house you calculated. Average the quotients and you will know the average cost of a house in your community. Multiply the result with the total area of your ideal house and you will have an estimate on how much it would cost to build it. Additional features will cost more. - Bathrooms and kitchens are normally the most expensive areas in a house. The size, number, and quality of the doors and windows can also add up to the cost. Likewise, elevated roof pitches and vaulted ceilings have the same effect on the total cost.
Remember that smaller houses will usually carry a higher cost per square foot than a bigger house. This is because there are fixed costs related to house construction that are not directly proportional to the total size. Only the variable costs will increase or decrease depending on the size. Likewise, it is generally more expensive to build a one-storey house than a two-storey structure with the same floor area.
About the Author
Hybrid Houses provide clients with House extensions london. The company has plenty of builders in london to complete all kinds of building projects.
