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3 ways to start a budget for building a new home

 

There are three ways to draft a budget for a building a new home: 1) square foot pricing, 2) line item pricing or unit pricing, and 3) unit pricing.

 

1. Cost per square foot pricing is the least reliable since it simply assigns an average price to each square foot of the space — it doesn’t necessarily take into account specific costs of materials for the different areas of the house. More on this topic in another article, What is the Cost per Square Foot to Build in Calgary?

 

2. Line item pricing (also referred to as assembly pricing or component pricing) is more accurate and detailed, because it based on how much each component costs to build instead of just using the average. This is typically how we like to start the conversation about your custom home. We put together a general budget that has line items based on general specifications, home size, and site conditions. If you would like to have a more detailed conversation, please contact us for a free project consultation.

 

3. Unit pricing is the most accurate budgeting approach, but it’s also the most time-consuming to prepare. It’s based on the cost of all of the supplies and materials that will go into building the house. In order to do this, we need a detailed set of plans and specifications to work with. If you already have drawings and would like to start a discussion about your unit pricing, please send them to .

 

Give us a call if you would like a no-obligation consultation on your project budget. We believe in fostering an ego-free relationship, one which is built upon transparency and good communication. A good relationship ensures that your project is delivered on-time, on-budget, and with the greatest degree of flexibility.