After working for four small to national home builder in Colorado and building in over 60 communities along with over 10,000 homes, we varied in hard costs from $50/sf up to $200/sf, so again many of the answers below are certainly correct. The one thing you won't see here however is what your unique dream home will cost.
Now have three companies of my own and working the custom home business from the Design / Build aspect, this, in my opinion, is the only way to build a home. It caters to you, the owner, in what you need, can afford and ultimately will enjoy as your home. We, together, can search out the right land, fees, home style / genre, costs, finishes, etc.
First step is "Design" and with the right plans and/or architect we work through the best design that will blend with your lifestyle, while at the same time understanding what the costs are along the way keeping the budget in mind. This includes selecting all of the products, colors and finishes, that you so desire. Also during the stage, there are multiple preliminary budgets that are arrived at to be sure were going down the right path on costs.
Second step is "Build" and with being a one stop, "turnkey" operation, we handle all of this as well, taking the design and costs we came through with on the front end and executing the permitting, land development and building of your new home.
In summary, to answer your question on what are the current costs for building a custom home and as you can tell from the answers you may have already received, there is not one answer. The Deign / Build process, however, will get you the best overall answer and will also give you the best overall breathtaking experience at arriving at your dream custom home.
A garage (labor, brick, foundation, shingles, sheetrock) costs $20 Sq. FT and it is around $30 sq. ft to make it 2 story.
AC & Heating (separate units or thermostats) < $15,000; Electric < $5000; Plumbing < $4 sq ft
Roofing < $10,000, Slab Foundation < $8000 OR Finished Basement < $30,000
Framing (labor, materials, supplies) < $2.50 sq ft
Kitchen with Island or bar $2000 - $5000 (custom 10x10)
Master Bath (glass shower, jetted tub, tile including wall, labor, granite, toilet, cabinetry) < $25000
Other Bath (tub, cabinetry, tile, labor, toilet) < $6000
Flooring (including labor): (Porcelain Tile PEI > IV) $4-$8; Carpet = $3-$7 sq. ft; Engineered Wood Flooring (1/2inch & hardness > 1700; labor) $4-$8 ft
Large Windows installed (102x60; 72x60; etc...) $500 - $900 each
Vaulted Ceiling < $1500; Crown molding (labor & materials) < $6 ft
BTW for Colorado: Majestic builds from $70 sq. ft - $100 sq. ft on ur land. The homes are spacious and beautiful! Visit a location where they are building for their model.
1. It is wholly dependent upon material selection, you can get ceramic tile for
$.50 psf and you can get custom tile materials for $100+ psf.
2. Pricing is a curve based upon size, larger homes cost less than smaller homes per square foot with similar finishes. This is because the high fixed costs, can be absorbed into the space, and a carpeted family room is much less expensive to build than a kitchen or bathroom.
3. Multi-level homes are less expensive per square foot than ranches, as excavation, foundation work and roofing materials are more expensive than walls and flooring.
If this was helpful, I would love to chat with you further about securing your land and sharing recourses and contacts within the building community. Good luck on your search and building your dream home!
The Bartic Group
(303) 880-8778 - Cell
In today's market, I would suggest you also look at some newer resale homes. You may find a home that meets your needs for less. Let me know if I may assist you in locating custom builders or helping you compare new vs resale.
Broker/Owner, CRS, E-Pro, GREEN, 5280 Magazine Five Star Realtor
The Stevens Group
Director of Sales & Marketing - Associate Broker
Brixton Real Estate
We've helped our clients build "modest homes" for as low as $125 per square foot. We've also helped clients build "legacy" homes for upwards of $275 per square foot. These numbers include everything except land (architecture, permits, utility costs, our fees, etc).
Best way to get a good handle on price is to sit down with us and let us discuss your specific plan, on the various lot's you're considering. We can start you on the right path with a good ballpark number.
We have 10 years experience, more than 160 complete custom homes.
Typically, when someone builds a custom home for their enjoyment, choices are made to enhance the comfort of the home. For example, more attention may be paid to the choice and quality of kitchen cabinets, surround sound wiring may be added to the television room, radiant in-floor heat may be placed in the master bathroom, and the list goes on.
The best way to get a handle on building cost is to meet with both an excellent and reputable general contractor and quality sub-contractors. They will talk with you about your budget and help you prioritize wants and needs in order to provide you with a home that does not leave you dissatisfied. Most features are far less expensive to install during rough construction than as a remodel later.
Selecting the "low-cost leader" is typically not in your best interest. Money you think you are saving will become added expense and headaches later. Be sure to check licensing, insurance, references and past work. If you need recommendations, feel free to e-mail me, and I will provide some local resources.
Keller Williams Foothills Realty LLC
Cell (303) 668-9796
All of the answers below are within range. I've seen new builds in Denver range from $130-200/SF. Most variance depends on design & finishes as well as skill, ability, negotiations with subs on behalf of a general contractor. Higher-end custom can definitely go over that $200/SF estimate.
Best of luck!
Good question, but too many variables to answer without more detail. Location, size, level of finish and many other factors can cause the costs to soar. You could build a home for $150 to $200 per square foot, but certain areas and finishes could conceivably double that amount. Especially when you say 'custom' home. There are builder homes, semicustom, and ultimate custom homes with unlimited costs involved to get exactly what the buyer wants. Good success with your build.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246