have you ever considered doing a custom built and then wondering where that's gonna cost this so you
clicked on the right video hey guys welcome back to the frittata group I'm gonna benefit out in our
last video we talked about seven key things you need to know when building a custom home however
we got a lot of questions regarding what's the cost especially nowadays in 2019 what would it
cost me to build a custom home so that's what we're going to cover today so to start things
off there's really three things that are gonna affect the cost of the construction project
number one is going to be your location number two it's actually going to be the size of the
house and number three it's actually going to be the style of the house so let's take things
a little bit deeper and talk about each one of those individually the location if you're in
a location where there's a very hot market it's likely going to be competing for trades if you're
competing for trades they're obviously going to be asking a premium otherwise we're not going
to waste their time with and your project so I'll give you an example if you're in the GTA or in the
Toronto area and you're good it could be anything whether it be framing or concrete work foundations
or anything priced out you'll find that it's gonna be a lot more expensive than if you were
out listed in the Hamilton or Niagara area so the location will definitely affect it also it's also
an effective class of the lamp which is pretty obvious and that's going to bring the overall
cost of the project up so number two is actually going to be the size of the house normally trades
and because of the fact that the materials and the labor is actually the price things out on
a cost per square foot so the bigger the house the more expensive it's going to be so keep in
mind that when you're building ideally you want to have a very efficient layout and if you can make
it a bit smaller open concept so that you can keep your cost down and then lastly is going to
be the style of the house so if you're building a traditional type house the cost would be a certain
cost but of all of a sudden let's say you're gonna build more of a I'm watering for example
modern homes tend to have much larger windows they tend to have you know a flat roofs these
are all different things that are going to affect the cost of construction normally it's more of an
open concept so structurally you're gonna have to have these the infrastructure to support that it
could be a lot more metal so that is the other aspect that's going to affect the cost of your
overall construction now that we have a better understanding of the three principal things that
are going to affect the cost by far the most now we want to break it out into two separate
categories when we're looking at these costs number one is the areas of costs are going to
be fixed and that's going to be things like your a permit process your deposits for your for your
permits and for like landscape and so forth the that could be your architectural drawings your
engineering drawings from mechanical drawings all those cost really are not going to change
much based on the location and the size of the house as well as the style of the house now don't
get me wrong there are different architects of different categories and what they would charge
in there's massive ranges but for the most part that does stay fixed now the area of cost where
there could be some dramatic differences and you'll see a huge swing it's going to be really
when it comes down worn to the fit and finish this is going to be things like your appliance package
it's going to be your no work detail so it's going to be whether you start in it and putting
heated floors that can have a dramatic effect on what the outcome is going to be in terms of your
total cost and again we're gonna break down to more details that's when we will get at a cost
per square foot so now I'm going to try to answer the question that a lot of people avoid whether
you're talking to a builder or whether you're talking to an architect either way here it is
what is the cost per square foot so to answer that it's a loaded question why because we need
to understand the location of where the house is being built because that's gonna affect the cost
we need to understand the total square footage of the home and the stop and eventually what are
going to be some of the final fitting finishes of the home but either way what's really important is
to understand hey I need to get a range and how do you do that right you do that by basically looking
at an existing height using that as your benchmark and then sharing that with a prospective Builder
or general contractor and saying hey what will it cost to build a house like this in this area this
square footage they should be able to give you a number and the number ideally what you're looking
for is that it's going to be on a cost per square foot because then you can use that number that if
the house grows a little bit in size as long as it's within the same location that you'll be able
to factor what the total cost of that house is going to be when it's finished so I'm going to
actually turn around and plug in some that cry tears so that we can actually use a real example
so let's just say house is going to be in hopeful and immature neighborhood let's say that the house
is going to be 3,000 square feet let's say the house is going to be a transitional home so we'll
give you some images that you could look at here to give you an idea of what ever dish alone makes
things like that have been be very expected in a custom moment things like your crown molding
things like your you know your hardwood floors that are going to be throughout the entire house
so there's no broadloom or anything like that in the house some of the areas will have heated
floors like in the master ensuite you're gonna have a lot of custom cabinetry the plank package
they'll start the appliance package on a property like this completed probably some more than they
were at fifteen to twenty-five thousand dollars so a house like this is generally gonna cost
you somewhere and I'm gonna give you guys a range because it really comes down to who's building it
and also those little fine details and again I'll break it down to more detail what I mean by those
fine details cuz you could blow the budgets just on a fireplace but a house like this typically is
gonna cost you somewhere between 200 to somewhere around 275 should be more no more than 300 dollars
a square foot if you are having somebody build this for you completely turnkey like a builders
taking ownership providing material and warranty that's a fair number to basically use as a budget
on your bill so now that there's an understanding of that range there are people who spend quite a
bit more and people who spend less and why is that well there's so many other factors to consider
somebody might Meishan to their home everything from video to audio distribution lighting certain
features like a fireplace the average budget is like maybe 2,500 somebody can spend a $10,000
fireplace and they may have three fireplaces you can see how that would dramatically change the
overall cost of that home but this does give you a basis to get a general understanding of what
to expect so that if you're trying to figure out whether it's the right fit for you you can quickly
come up with an estimate what the total cost of that house should be to wrap it up now let's look
at the costs broken down and what the total cost is going to be using that example number one if
you were building in Oakville and you're building a 3,000 square foot home the average cost of land
or something that you would build a house of that size is generally gonna be let's just say
a word for them as low as 850 all the way up to probably got close to a million dollars depending
the location but then you look at your cost of construction if you're building 3000 square feet
on a cost per square foot if you're on the lower end at $200 a square foot you're looking around
six hundred thousand dollars in construction so you could potentially be in a lower lot lower
construction cost somewhere they may be right over top I'm going to say 1.4 to 1.5 million plus
carrying cost however what we see typically is people are gonna go with a little higher end fit
and finish a little nicer a lot so the low stays a lot now is when you're close to a million and the
construction cost is three hundred per square foot that's another nine hundred thousand construction
for a total of 1.9 potentially your carry cost depending on what your financing situation is and
how you're doing it so that gives you a range on the custom built I know it's a pretty big
gap but like I said if you want to figure out specifically what it would cost you feel free
to send us a DM we could talk specifically about what are some of the things that you're looking
for in that home and how it may affect the cost so you have a much better understanding of what
to expect so guys when put these videos out there for you hope you're enjoying them and
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