Building a New Home: How Much Will it Cost You?

Dorn Homes, the number one Arizona luxury home builder, shares some tips on how to personally estimate the cost of building your dream home.

Construction costs are dependent on the materials, location, size, style, and professional fees of builders and architects. The exact cost for a home can be hard to determine until construction is done. However, by doing your research, you can make sound estimates that can help you keep your expenses in check. Dorn Homes, the number one Arizona luxury home builder, shares some tips on how to personally estimate the cost of building your dream home.

It is said that building new Arizona homes or anywhere else in the U.S. costs about $80-110 per square foot (or more) for materials and labor. But this does not include the home builder's profit and overhead costs yet. Depending mainly on location, the cost of land or building site varies. Builders must constantly balance the material, labor, land, and overhead costs when estimating. Ideally, the breakdown of the selling price or market value of a new home is 25% material, 25% labor, 25% land cost, 12.5% builder profit, and 12.5% builder overhead cost. All in all, it is best to contact local builders and assess or compare the fees they are offering for the dream house you have in mind. Some custom home builders in Arizona and other parts of the country also provide you the list of materials they will use.

For instance, if you are thinking of settling down in Prescott, it would be good to look at new construction homes in AZ Prescott that are similar to your dream home. Take the selling price of the home, deduct the land's price, and divide the amount by the home's square footage. Do a survey of the costs for new homes to get an approximate square footage price. Get the average square footage cost and multiply that cost by the finished square footage of your planned dream home.

Apart from the home building costs, you should also take design costs into consideration. Even the small details in your home design can make a big difference in the final price since less features means less costs. Try to decide on these details earlier on in the process, so you can make a firm commitment to your budget.

There are a number of ways you can save on home building costs; you just need to make wise choices. And one of the most important decisions you need to make is choosing a reliable home builder like Dorn Homes, the best builder of custom homes in Arizona. By working with the experts, you can save yourself from problems that may result from hiring inexperienced workers. With Dorn Homes, you are guaranteed award-winning quality work and service, which satisfied clients recommend. Dorn-built new Homes in Tucson, homes in Green Valley, homes in Tubac, and new construction homes in Prescott, AZ are stylish, convenient, comfortable, and energy efficient.