Originally posted by Islandbuilder
I think that you will be well served to have at least some rough floor plans and elevations for builders to look at before asking them for an
estimate. The more detailed and complete your plans, the more useful their estimates will be for you as a planning tool.
Gather pictures of what features you like, trims, cabinets, fixtures, etc. What sort of roofing, wall finishes, floor finishes etc.
Detail is the friend of both you and your future builder!!
Another way to go is to look at houses in the area that you like, find out who built them and when, and find out how much they cost. Add a reasonable
percentage for every year since the house was built for increased costs.
Don't fall into the trap of thinking you can build it for less than every builder says you can. Work out a budget that includes a substantial
contingency percentage, then reduce it ONLY as you get firm prices based on your final drawings that you WILL NOT CHANGE as you go through the
construction process.
I have seen too many folks who run out of money with their home unfinished and unsellable because they didn't put enough energy into their plans and
budgets. Don't let this happen to you! |