What comes to mind when you think of a custom home? For most people, one of two things probably stand out: the unlimited options and the potential costs for those luxuries. While it’s true that the personal touches found in custom homes do come at a cost, chances are that it’s more affordable than you think to design and build your house from the ground up. At Holbrook & Nichols Construction, our custom home builders take the time to help you find the right price point for your budget.
What is the average price for custom homes in America?
Average costs for custom-built homes are calculated on a per-square-foot basis. In 2017, the nationwide average was just over $120 per square foot. But there’s good news for people looking to build a house in Western North Carolina. The average custom home in the South was only around $101 per square foot. Every home and situation is different, of course, but chances are good you’ll benefit from substantial savings despite the fact that we live in one of the most desirable parts of the country.
What about land?
Finding the right piece of land is just as important as the home you’ll build on it. However, land prices vary widely depending on the size and location of the lot. If you have land that you already purchased or that you inherited, your total overall cost for your custom home will seem a lot lower. Many people look for land years in advance of actually building their home. This strategy may be one to consider if a higher monthly mortgage payment concerns you.
What goes into calculating the cost of a custom home?
Building a custom home isn’t just about materials and land. It’s also about the expertise that goes into creating the home of your dreams. Your cost may include fees for an architect to draw up the plans, a surveyor to measure and record details about the lot, a general contractor to oversee the build, and subcontractors to handle various parts of the job.
What should you do to learn more about building a custom home?
Talking with an experienced, licensed custom home builder is always your best bet. For more information on custom homes and luxury homes in Lake Toxaway, Brevard, and Western North Carolina, call Holbrook & Nichols Construction.