Home Building Costs – Costs Per Square Feet Do Not Always Tell The Truth
Home Building Costs – Getting a quote on a building or renovation project is a must. But, what do these quotes and offers say to us?
Understanding what happens to them and why they are different can help you make a far better choice when choosing your contractor.
Let’s answer the questions I often get.
Question: Why does “cost per square foot” vary so much from one contractor to another?
Prices are needed for comparison and budgeting. The contractor will very often quote the construction of houses and the addition of houses based on “cost per square foot”.
And it’s not just contractors or builders who deal with “cost per square foot” calculations. Home Owner Builders, who manage their own building or renovation projects, want to calculate the cost per square foot too.
Various Costs in Building a House
The range of these quotes can vary dramatically. How can one house be built for $ 75 p.f (per square foot) while another is finished at $ 100, and another for $ 200?
Here are some factors that greatly affect the cost to build in each home construction project:
- Quality package of structural home building materials
- The expertise and experience of the contractor you are renting
- Building methods used in construction
- Profit margins for builders
- Types and accessibility of building equipment to locations
- The quality and cost of finishing materials at home
This is the reason why, for example, that you can have almost the same size and style of home, in the same neighborhood or general area, and one quoted at $ 100 p.s.f. and the other $ 150 p.s.f. or more. You need to think about your project clearly and understand these factors before getting an offer.
What’s Important to Know
Make changes in the plan early. Changes in plans or material choices will make it necessary to get new offers and potentially a comparison of new costs from additional builders.
So, the lesson is this, when you get a quote or cost calculation, always be consistent in what you ask to be quoted so that your comparison is accurate. Work from the exact same blueprint and list the exact ingredients. Then, By doing this, the cost per quota of your foot will really tell you what you need to know
This will also result in better builder choices.
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