Cost of a Custom Home and Home Addition
Asking how much a custom home or home addition costs is a bit like asking how much a bag of groceries costs! The cost varies depending on factors such as size, complexity, materials, and labour. To get an accurate estimate, it’s essential to consult with a professional who can evaluate your specific needs and provide a detailed breakdown of costs. Keep in mind that investing in a quality custom home or addition can yield significant returns on investment by increasing your property’s value.
- A custom home can range between roughly between $600,000 to $2 million or more.
- A home addition can range between roughly $90,000 and $900,000!
How Long Do They Take?
The duration of a custom home or addition project depends on factors such as the type, size, and complexity of the project, as well as permitting and construction timeframes.
The construction phase of a custom home can take anywhere from six months to a year or more. Meanwhile a home addition can take anywhere from three to six months, but can take up to a year if the property requires foundation work or it is part of a larger renovation. The more up-front planning, the smoother the building process.