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Home Building: 8 Ways to Stick to Your Budget

September 6, 2016

 

When remodeling or adding on, know thyself, plan well, and beware of 'scope creep'

Inevitably, any new client will ask me "How much will the project cost?" The answer isn't always straightforward and easy. You see, a home construction budget, in both its creation and its maintenance, is more art than science.  
 Sure, it's easy to say the project is a new 2,000-square-foot house that will cost $200 per square foot to build. But what does that represent? Will it be the home you want? Does it factor in all of the intangibles and idiosyncrasies that any home construction project has? And you can certainly ignore any cost-per-square-foot guideline if it's an addition or remodeling project. Dealing with an existing house, especially one that's a little older, has its own set of rules.

Having said that, the best approach to identifying costs for your specific project and location is to talk with several architects, designers and builders. Each will probably give you a different "number," so you'll have to drill down into the detail of what that number means. Just remember that the devil is in the details.

 

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