If you’re planning on building your dream home, one of the most important things to consider is a building cost estimate. Most people begin with an idea in their head and are surprised at the final costs of their home design. A builder can help you get there more quickly.
If you don’t have a cost estimate, you’re likely to overlook certain details about the project that could affect your budget. For example, if you didn’t budget for new windows or if you don’t know what the curb appeal of your home will be, you might find that your design changes and costs are out of whack. Also, you might miss the fact that you could have used building materials and labor on another project, saving money.
In many cases, a builder’s cost estimate is better than a professional estimate. These builders have the experience to spot potential problems, and they understand your needs and the process that needs to be followed. Some of the things that are usually ignored by individuals or contractors are:
Square Footage: Sometimes it’s difficult to keep track of the square footage of your home. It can be easy to double count spaces that are 1-foot square. A builder will not only know the exact measurements, but he or she will also be able to give you an idea of the overall square footage of your home. This can help you make decisions such as where to build from, how large a garage you’ll need, how much to add to the backyard, etc.
Additions and Subtractions: You might be excited about putting in a pool or a patio, but once you know the total square footage, you’ll want to find out if adding in those amenities will decrease your property value. Sometimes it can be difficult to determine exactly how much extra square footage is added. Having the builder estimate the size of the swimming pool, for example, will help figure this out.
Construction Costs: Sometimes, people forget that it’s just not possible to calculate all of the costs for your home construction overnight. The builder’s cost estimate will include everything from the initial engineering estimates to the cost of the materials, labor, inspections, etc.
Don’t be afraid to get a second opinion from a good builder. You might end up with a better-finished product, or you might find that it was not the right choice.