How Much Does It Cost To Build A Custom Home In Florida?
One common question in the construction industry is “How much does it cost to build a house?” This question is almost impossible to answer with just a simple price because so many factors are at play. Prices can vary dramatically from one home to another even in the same area with the same builder.
Factors that Affect Building Costs
When building a new, custom home it’s important to understand what can affect the cost of your build, or more specifically, the cost per square foot. The biggest factors that affect costs are the size (square footage), design, location, site work needed and the contractor you choose. The cost will increase as house plans become more complex such as additional roof lines, stories, rooms and details.
Average Cost to Build a New Home in the US
While this doesn’t take into account the features of the example home, at least it provides a little insight into how much you are likely to spend on a single family home build. According to HomeAdvisor, “On average, it’ll cost $302,152 to build a house, or between $158,116 and $477,255. Spending an average of $100 to $200 per square foot means a 2,800-square-foot home costs $280,000 to $560,000 to build. Custom and luxury homes cost $200 to $500 per square foot. Labor makes up roughly 40% of the build cost, with permits, design fees and materials making up the rest.”
Cost of New Home Construction in Lee County, Florida
The average cost to build in Lee County in 2020 is around $120 per square foot, bringing the total cost to anywhere from $180,000 to over $400,000 for a 1500 sf house. Again, there are many factors involved in the cost to build a new home including where you purchase your property. A waterfront lot in Fort Myers is going to more than in Lehigh Acres. Adding features like a swimming pool, 2nd stories, detached garage or mother-in-law suites will bump up your overall expenses as well as increase your permitting fees.
Construction Costs in Southwest Florida
The cost of building a new home in Florida also includes some great perks. At the top of that list should be year round sunshine! To that list you can add gorgeous beaches, fabulous weather and an unlimited amount of outdoor activities. Southwest Florida isn’t far from all the big theme parks and there is plenty of cultural diversity, amazing food and unique wildlife. Many of these “options” won’t even cost extra, they are just benefits of being a Florida homeowner.
Setting a Construction Budget
Unless the sky’s the limit financially, it’s a good idea to create a budget for your custom home build. This can serve as a guide for both you and your contractor in the event that changes need to be made or specific materials aren’t available. This will also give you an idea of how much is being spent on each phase so maybe you can splurge for those extra efficient appliances you’ve had your eye on. Sometimes, there are unforeseen circumstances in any construction project so make sure you add in some wiggle room.
Design-Build Contractor Serving Southwest Florida
When you choose Southwest Builders as your home design and construction firm, you are choosing experience, quality and value. We don’t build cookie cutter houses or builder spec homes. Our team specializes in carefully designing the perfect home based on your needs, wants and style. To that end, we try to keep all construction costs as reasonable as possible. If you are ready to start on the exciting journey to building a customized luxury home, contact our team of experts today to discuss your ideas.