Cost Breakdown: Budgeting for Your Custom Home in the Houston Market

Houston is on the list of top-most destinations, when it comes to residential construction in the States. Most people think about NYC when we talk about luxurious real estate, but Houston is in no way behind. In fact, as of June 2023, the H-town had the highest new home construction rate in Texas. More than 23,000 new home permits were issued, which includes around 15,400 single-family home permits. Fascinating, isn’t it?

Well, if you too want your home in Houston, but you want to add a custom touch to your brand-new home, let us tell you something: custom home building in Houston means spending a tremendous chunk on the cost per square foot. But what if we say you don’t need to break the bank if you want a personalized home reflecting your taste? Yes, you heard that right! With a simple budget breakdown and careful planning, you can save a ton on the overall cost of custom home building in Houston. How? Well, we have just the right guide for you!

 


Source: https://www.marwoodconstruction.com/gallery/soft-waterfront-contemporary/

 

Factor in the Land Acquisition Costs

Let’s start from the basics. The foundation of your dream home starts with land acquisition. In Houston, the cost of residential plots substantially varies based on size, location, and neighborhood amenities. For instance, urban areas tend to have a hefty price tag, as compared to suburban or rural areas. Depending on your preferences, factor aspects such as accessibility, proximity to schools, and nearby facilities as they significantly impact land prices. Try to be prepared for this initial investment as early as possible because this constitutes a significant portion of your overall budget.

 

Design and Architectural Planning

If you don’t want the construction and design to consume most of your budget, you can always select the design-build contracting approach. The core of your budget breakdown revolves around construction costs, and it encapsulates expenses, including materials, labor, and equipment. Material costs fluctuate based on quality and market prices, while labor charges depend on the complexity of the design and the time required for completion. If you don’t want to worry about the design or factors like weather and availability of skilled labor, entrust a professional construction firm that can handle everything according to your timeline and expenses.

 

Luxury Additions

If you have anything extraordinary in mind, like a pool or landscaping garden, consider that cost. If you want something quirky like a modular driveway, patio, decks, or something grand, factor in the cost before you start and discuss it with your contractor to analyze the overall cost of the opulent addition.

 

The Bottom Line

A custom home is still a dream come true for many homeowners in Houston. Imagine a home that lets you build in cutting-edge energy-saving and other cool features. It includes all your handpicked materials that look stunning and express your personality. The best part is custom home building isn’t just for the ultra-wealthy; it’s also for prospective homeowners with modest budgets. Are you looking for the best home builders to build your perfect custom home? Schedule a consultation with the seasoned contractors at Marwood Construction today!

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