3 Ways to Start a Budget for Building

There are 3 ways to start a budget in building a new home: 1. Square foot pricing, 2. Line item pricing or unit pricing. 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 area.  One thing to note is whether or not a cost per sq ft quote includes the soft costs?   
  2. Line item pricing (also referred to as assembly pricing or component pricing) is more accurate and detailed, being 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 but it’s also the most time-consuming to prepare. It’s based on the cost of all of the supplies needed.  In order to do this, we will 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 hello@estata.ca and we are happy to provide you with a no-obligation consultation. 

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

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