How Much Does It Cost to Build A Custom Home?

How Much Does It Cost to Build A Custom Home?

One of the most common questions asked when talking about custom home builds is how much it costs to do one. Unfortunately, there is no set answer because no custom home build is the same. We can, however, go into detail about what will affect the cost of a home build and how to prepare/budget for one. Below, our team at iRemodel Home Renovations will explain.

The General Rundown

It is important to note that a custom home is often categorized in “price per square foot”, so the range of a build is often $250-350 or more a square foot. The main difference will come from the quality of your build. If you’re aiming for a higher quality home build, then consequently, the price will go up. In most cases, it is easy to tell a low quality build from a high quality build.

Be Prepared For Extra Costs

Something extremely important to remember is that the build cost on its own is not the final cost for a home build. Factors such as arborists, landscaping and permits contribute to the final price, and in some cases, even fees from the city can be required. None of these costs have any association with the price of building per sq/ft. 

Putting a budget together is the best way to stay financially secure during a home building process. You will want to take a good chunk of time out of your day to write down all the things you want from your home build, almost like putting a wishlist together. A construction team can then look at both the budget and required factors, and come up with a rough estimate as to how much the build will cost, and whether or not it fits into your budget. 

Ask Yourself Questions About The Contractors You Plan On Hiring

When you are comparing businesses, it is important to ask yourself questions in order to come up with the right decision on who you are going to choose. Do I like this builder’s work? Do I trust this builder to see my vision through? Can they offer me what I want for an affordable price?

How We Can Help

If you are still having a hard time choosing a team for your next project, consider our business at iRemodel Home Renovations. Our team has years of experience in the construction and renovation industry, and hold a high reputation within the field. We will work closely with you to help bring your vision to life, while helping you through the process in any way we can. To learn more about our Home Builders in Toronto and how we can help you, be sure to call us at (416) 825-2542 today! We look forward to hearing from you.