Calculating an estimate without taking these less obvious costs into account results in inaccurate numbers and grief later on. The Cost Estimate Worksheet identifies several design elements and land conditions, independent of the heated square footage size, that increases the cost of the home. You have probably heard the “over budget” horror stories! In many cases, these problems arose due to the inaccurate initial cost estimation. This standard price-per-square-foot method, unfortunately, is often so inaccurate that it sets unreal cost expectations for a custom home project. Presto! You have an cost estimate, right? Well, not necessarily. You run this calculation:Ģ000 square feet x the $ per square foot = the total cost of your new home
Say you want to build a 2000 square foot home. Lacking this, the traditional method is to simply figure a price-per-square-foot. The very nature of custom design is such that it is impossible to predict costs exactly until you have a completed plan.
