Lowcountry Living & Real Estate

LLRE July 2018

A guide to Hilton Head Island and Bluffton area real estate, rentals and lifestyle

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This is one of the most common questions heard by custom home builders. Imagine two bags of groceries sitting at the end of the checkout isle. How much does each bag of groceries cost? The answer depends on what is in each bag. Steak, lobster and champagne or cold cuts and beer? The cost of construction varies in many ways and determining a true cost to build per square foot needs to be evaluated from many different perspectives and truly depends on what is in the proverbial bag. Providing the client with the home of their dreams that meets the level of quality and, of course, their budget takes a true understanding of all the facets of the project. Custom home builders look at cost per square foot from different angles and try to work backwards in a sense. A homebuilder needs to understand what it is that you, as the client, want in your home and what you are comfortable spending on an overall budget and then break down the categories into wants, needs and must haves. Some of the categories that affect the pieces and parts of the overall cost per square foot include: Home Design Home designs in a full two-story fashion are typically more cost effective to build than a single-story home of the same square footage. Smaller homes obviously have the tendency to cost more per square foot than larger homes as you are spreading costs over a smaller foot print. These are only a few factors in the home design process that affect the overall cost per square foot. Specifications The "specs" are written documents outlining the materials, selections, and construction methods the home is designed to meet. Having full specifications for all the materials and selections is an excellent way to insure you get a full understanding of what your home will be and the costs associated. Architects can provide specifications as a part of their contract, or your builder can develop the specifications as the pricing exercise moves forward. THE CALCULATED COST OF BUILDING A HOME 50 Brick$ & $tick$ lowcountry | FEATURE BY RON BOSHAW | PHOTOS PROVIDED BY BOSHAW RESIDENTIAL, LLC "What will it cost per square foot to build my home?"

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