Are you looking to build a custom home in Prescott, AZ? Whether this will be your first, second, or third home in the area, planning out a budget for your custom home will require you to consider many different factors. Read on to learn more about calculating the cost per square foot for your custom home in Prescott. 

The Major Costs in a Custom Home

The cost of a custom home depends on the location, materials used, lot size, and the current market. However, there are a few things that will always be big-ticket items.

• Purchasing the finished lot
• Framing 
• Foundation
• HVAC system
• Plumbing
• Electricity 
• Setting up other systems 
• Exterior finishes (walls, windows, doorways) 
• Utility Connections 

Where to Splurge and Where to Compromise 

It can be difficult deciding when to splurge and when to compromise when building your custom home, especially if you’re building a house for the first time. Generally, you should splurge on items that need to last longer and compromise on items that are more cosmetic.

For example, you might want to increase your budget for sheathing, shingles, siding, and windows. This is where you want to put your money. They will keep your house sturdy and strong for several years. Good sheathing ensures a solid structure. Quality windows, shingles, and siding will withstand years of external damage. You also shouldn’t be afraid to spend a few extra bucks on heavy-use items like doors, door hardware, and cabinets. 

It might be surprising to hear that you can compromise a lot on your interior finishes. Things like flooring, paint, light fixtures, and countertops are all areas where you can save some money by purchasing less expensive options. You can find some really good stuff for a great price, so don’t jump to the conclusion that something is poor quality just because it’s got a lower price tag. Lots of these items will last you a long time. 

Other Things to Consider

Building a custom home requires a lot of attention to detail, and it’s normal that you might forget an item or two when you’re preparing your budget. Here are a few things to keep in mind when you are building your home:

• Depending on the land that the home will be on, you might need to pay to clear it out in order to prepare it for construction. Labor costs for this job can vary depending on how big the lot is and how much needs to be done. 
• Landscaping is another important cost that can affect your budget. Depending on what you’re looking to do, you might need to set aside a sizable amount for landscaping. 
• Random interior finishes might slip your mind. Think of things that every room needs, like window coverings and hardware. 

How We Calculate the Cost Per Square Foot for a Custom Home in Prescott

The average cost of building a home in Arizona is $385,000. But that number can vary greatly depending on the size of the home you want to build, the condition of the land, and the exterior and interior finishes you choose. 

Pricing a house by the square foot is difficult. Normally, we will give you a bid on the entire project and figure out the price per square foot from there. It’s really hard to give an estimate on price per square foot because the possibilities can range a lot depending on what you want. 

If you’re looking to build a custom home in Prescott, AZ we would love to help you build the home of your dreams. We are transparent about how we decide on costs and pricing and like to keep open communication with our clients. Call us at 928-776-0301 to set up a meeting to review your project and get started on your Prescott custom home.