How Much do Luxury Homes
The cost of building a luxury home varies by the style,
size, and level of detail inside and out. Choice of
basic materials for the plumbing and electrical wiring, slab
or other foundation, flooring and roof does not change much.
A steeper (French style) roof may cost a little more than a
Mediterranean style house with a 6/12 pitch. But there
can be a 50% and higher upcharge going from composition
shingles to concrete tile or slate.
Quality and selection
of windows and doors and interior cabinets, counter tops,
plumbing and electrical fixtures are the most expensive items
in any house. Flooring and interior finishes (moldings
for walls and ceiling, doors and windows, fireplaces, etc.)
are the next largest expense. Home automation computers
and controls is another high end item.
Cost to Build Luxury Home varies by region
Materials generally cost the same throughout the United
States. Manufacturers of windows and doors tend to
stay fixed but look for local reputable mills or shops that
build custom products.
Labor costs vary from region to
region. A state that is booming generally means cost
of construction is higher as labor is scarce.
economy and politics has an effect on cost of construction.
If immigrant labor is held back then labor costs will go up.
If NAFTA trade agreements are not balanced then cost of
timber from Canada may go up. Interest rates may choke
or fan the fire of the construction industry.
time to build is in a recession - if you can wait.
Labor and materials will go down and competitive bidding
Budgeting the Luxury House
To get an estimate for the cost to build, first see what
similar houses in your area are selling for. Keep in
mind the separate cost of land and the improvements.
in mind the shell costs of a typical luxury house in your
area remain constant. The interior finishes and
materials generally can affect overall costs by 30% up or
Start with a Schematic
Design that can be ballparked by one or two local custom
home builders. Ask to see similar product built and
gauge quality of construction.
Certain materials such as
carved stone and ironwork is now available from Mexico and
China at very low costs which enable classical stone
detailing on the inside and outside of your residence.
Square footage average costs must be evaluated by the actual
quality of materials and workmanship
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