Thursday, 16 August 2012

The Cost To Build A house

Building your own house is a dream come true for many. To determine the cost of building a house try using one of the many free building estimators that can be found on the Internet. This will give you a ball park figure, and a place to start.

The next step is to contact builders in your community. Know in advance the approximate square footage home you wish to build. Again, at this point in the process an estimate will suffice. The builder will inform you of his price per square foot. Certain features of your proposed home will be pricier than others. Of course, your plan will probably change later.

Check your neighborhood for homes with similar measurements as the home you propose to build. This scouting mission will give you an idea of the types of homes available that are like yours. Be sure to examine several homes. Once you know the cost per square foot multiply this figure to the cost of the home you are building. This gives you a pretty good idea of the cash outlay required.

 The shape of the home you wish to build does impact the building cost. A rectangle shape home is less expensive than a home with many angles and corners. The more bends the home possesses the more material required.

It goes without saying that the final cost, will be more than the original estimate. However, prudent planning can reduce some cost overruns. A good rule of thumb to follow is to allow 10% over the original bid to cover those unexpected costs.

In summary, contact a local builder. He will provide you with his cost per square foot price. Compare similar homes to the one you wish to build. Be sure to add 10& to the original contract to cover any over run costs.

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