YOUR BUDGET DETERMINES EVERYTHING
Have you noticed how much variability is seen in construction “costs?” Variability most likely will never change. The reasons for these variations are vast. There are different levels of every facet of a construction project – materials, skill level of trades, level of design (or lack of), knowledge of general contractor, the professionalism of the company. Naturally, finer features will correlate to a greater overall project cost. The annual cost guideline put out by Remodeling Magazine, Cost vs. Value (See Link Below) has average costs for various projects that are constructed by professional, licensed general contractors doing permitted jobs.
For new construction projects, people like to talk in terms of cost per square foot. That can be helpful in general, but it really depends on how ‘custom’ your project is. If you will be tearing down a house and preparing the lot, that will also factor into the overall cost. The larger the house, the lower the square foot cost will typically be. If cost is the determining factor, it is best to start with a budget and work backwards.
In addition to the Cost vs. Value list, below you will find typical project costs based on the value of your home:
10-20%
Kitchen
5-9%
Master Bath
3-4%
Secondary Bath
6-15%
Basement
5-15%
Deck/screened porch
To truly understand your project costs, many details and decisions will need to be decided upon. The process in which this occurs is called the design or 'intent to build' phase. Once the plans have been finalized, the material, fixture, and accessory selections must be made. Much of this process can be done online at showroom-type websites or with the help of a design professional who will hold your hand every step of the way. Whatever level of help you need in this process, Arc & Angle Home Builders is committed to guiding you along the way.
Click below to view the Remodeling Magazine Cost vs Value report for 2022!
Remodeling Magazine