The cost of building a new custom home plans varies wildly according to where you’re building, your specific lot, the size of your home, and it’s features and finishes. HomeAdvisor puts the national average at $286,277 – but customized and high-end features in high-demand areas can push this average up to $700,000 with ease. So, how can you budget for a new home? Here are some guidelines from a leading NJ residential architect.
Have a buffer. Unforeseen costs can and do happen in almost every home building project. Often, these can be prevented by going through a very thorough planning process with your home architect and contractors, but they can’t always catch everything. Sometimes, owners want small changes and modifications while the building is in process or decide to splash out on a different building material. Regardless, it’s best to have at least 10% of your budget set aside for these contingencies, so you don’t have to compromise on your dream or stretch your finances to breaking point when they come up. Your Residential Architect – Your Best Home Build Planning Resource With 20 years of experience, the architecture firm of Seth A. Leeb knows that the secret to creating outstanding homes is building a great client relationship. As a full-service architectural firm, we are able to assist our clients all the way from site analysis and design conception through the construction of their home itself. For more information on our custom residential architecture services in New Jersey, please contact us today or visit our website at https://leeb-architecture.com/ Original content posted on https://leeb-architecture.com/how-to-budget-for-a-new-home/
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