What is the cost per Sq Ft to build?
Probably the most common question we get regarding new home construction is “how much will it cost per square foot to build my home?”
Cost per square foot is a commonly used pricing measurement in the residential construction industry across North America to quickly gauge a customers’ affordability. Unfortunately, although square footage costing provides a quick and easy answer, it is horrendously inaccurate.
There are numerous decisions and choices made by homeowners that can influence the final cost per square foot of a newly constructed home, including the following key areas:
- Energy Efficiency Options – technology is increasingly impacting more of the design choices we make in new homes. Not only in how we heat and insulate, but also how we build to accommodate the many energy efficiency options available today.
- Architecture – for every additional change in roof lines or corners in foundations, project costs can expect to be higher.
- Siding choice – vinyl siding, the generic option on most home designs, is significantly cheaper and easier to install than most any other option available.
- Flooring choice – square footage costs of flooring choices, and their installation requirements, vary as drastically as any area in new home construction.
Any changes to designs involving the above categories can greatly impact the accuracy of a cost per square footage estimate, as well as the homeowner’s ability to affordably finance the project.
With that all being said, higher quality new home construction costs in the Annapolis Valley generally run around $300-400/sq ft.
*All prices per sq ft exclude sewer, water and other site preparation costs such as clearing, driveway, etc…
