Do you enjoy listening to good music, drinking craft beer, and watching sports games like here? If you said yes to all of them, then come on down to the great city of Denver at Colorado state. Also known as the Mile High City, Denver is packed with foodie adventures, diverse neighborhoods, and lively night scene perfect for everyone in the family.
If you are thinking of settling in Denver and planning to build a house from scratch, you must also be thinking about how much it will cost. Read on so you can estimate what costings you can incorporate in your budget and how to pay for it.
Budgeting for a Custom Home
Last 2018, building a 4,000 square foot home in Denver cost an average of $1,000,000. This figure is affected by different factors such as lot and home size, soil type on the lot, chosen materials, location, permit fees, and manpower.
Preparing for Construction
After purchasing your desired lot, the site needs to be excavated to prepare for your home construction. Colorado’s soil type is not ideal for buildings and adjustments have to be made.
Consider the size of your house since this will affect how many materials and how much manpower you will need to make it come true. If not, you might find yourself scanning the walls with a stud finder to do extra work in the future. The cost can be driven up by setting up the house’s foundation, exterior designs, and putting architectural corners.
Finding the People for the Job
Review Denver’s dependable contractors who can assist you in building your homes such as recommending the best material to use, provide recommendations to structures that can be made cheaper, strength assessment, and assist you in the legal paperwork and inspections. Other labor costs that you should also factor in are architects, surveyors, and engineers. See the average price breakdown:
|Contractor||$1,436 – $3,256 (Total)|
|Surveyor||$500 – $1,000 (Total)|
|Architect||$75 – $200 (Per Hour)|
|Engineer||$100 – $200 (Per Hour)|
Mounting Essential Systems
Take into consideration that price for plumbing, electrical, and HVAC that will make your home livable and comfortable. Factors that can affect is whether how many electrical outlets you will need for each room, using solar energy, what appliances will be installed in walls, and others. It is best that you incorporate this already in the plans. If you want to add anything else in the future, you can use stud finders in your dry walls to detect studs and add additional frames or check on wirings behind the walls. Although using a stud finder to break into the wall may be easy, it might not look good later when you patch it up.
Considering the Other Things
If you’d like to add amenities such as pools or gardens, you should also discuss viability depending on what area of Denver are you staying in. Another element that can drive up your cost is roofing and siding. Your roofing type and insulation should match Denver’s semi-arid climate where the summers are really hot and winters can be extremely cold.
Just as building a new home in any city, starting a new home can be costly and time-consuming. The building process is a journey to your dream home in dreamy Denver. That’s why you should be prepared, be well planned in every step, research, and get the best people that can make that custom house come true.