The Price Of A Custom Home Build
Custom home builds are becoming increasingly popular due to the flexibility and freedom they afford homeowners in terms of design, features and style. When building a custom home, one of the most frequently asked questions that arises fairly quickly during the process is ‘how much does a custom home cost? The answer to this question is complex and depends on a range of different factors such as the location and type of the site, the size of the lot and the house, the complexity of the project and building site costs. Despite the breadth of factors impacting the price of a custom home build, costs are usually cheaper than buying the same model from the market. In this blog post we expand on the costs listed above to give you a rough picture of how much building a custom home will cost.
The location and variety of the site you choose to build your home on will have a major impact on costs. One primary factor driving the cost of a building site is its topography. Steeper sites are more expensive to build on as they require extensive fill and excavation work. The presence of rock formations at your site can also contribute to the overall cost. Custom homes built in remote areas can be more expensive as it costs more to bring utilities and equipment there.
This cost factor is fairly self-explanatory: the larger your house, the greater its price. This rule of thumb holds true in most circumstances, except when a smaller house is built with excessively complex or luxurious features.
As with the size of the house, the general rule of thumb when considering the complexity of a custom home design is: the more intricate it is, the higher its price will be. There are a couple of factors that can determine the price of your house; according to its complexity. Irregularly-shaped home plans are more costly than square or rectangular plans. Similarly, the more corners your house has and the rounder these corners are, the more expensive it will be. High ceilings are another contributing factor to the price of a custom home build: higher ceilings cost more due to material and labor requirements.
The Costs of a Custom Home Build
When you decide to design a custom home build you have several options to choose from: hire an architect, a drafting firm or a builder with an in-house design team. A drafting firm is the cheapest option here ($3,000-$7,000), followed by builders with an in-house design team ($10,000-$15,000) and, finally, architects ($50,000-$90,000).
After construction plans have been approved, you will need to pay for building site costs: both infrastructural and site works. These costs can range from $2,000 to $70,000 depending on the site and complexity of the build.
Finally, the labor and materials used to build your custom home build will generally cost between $1,500 and $3,000 per square meter.
How UHomes Living Can Save You Money
UHomes living have more than 10 years of experience building custom homes in Melbourne. We have great relationships with councils and material supply companies in the area which mean we are able to buy in bulk and reduce infrastructural and site works costs. We offer a wide range of tailor-made solutions for first home buyers looking to enter the market. We are available to speak to you from Monday to Friday, 9:00am to 5:00pm. Contact our friendly consultants on 03 9048 5737 today or reach out via our contact page to ask about how we can help you start the process of building your custom home.