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Building a luxury home from scratch or choosing to remodel an existing home. Both options allow you to achieve the home of your dreams, but how do you decide which path is right for you? When deciding whether to build new or remodel an existing home, choosing a location is an important part of the initial decision set, according to Kira.
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For the building of a single family home, the typical costs include: According to the Craftsman Book Company a home as described above, with mid-range materials, a normal foundation with full basement, efficient doors and windows, all appliances, and "turnkey" finishing would run at an average of $295,000 to complete.
However, homeowners report the average cost to build a new house comes in at $304,268, which would put a 2,000 square foot home costing about $150 per square foot. This will obviously vary greatly with all the costly variables involved, so the cost could range between $177,402 and $462,038.
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If you are interested in building a slightly larger or small home in Arizona, you can figure out the cost yourself by using the cost per sq ft. The average cost per sq ft to build a home in Arizona is $150 per sq ft.
Standard prices for 40 x 60 square ft. building can range between US$5,000 and US$30,000. Basic slab foundation for a metal home can cost between US$10,000 and US$25,000. Again, size and style can affect the numbers. Basement and raised foundation mean another US$10,000-15,000.
On average, a custom-built home with top-of-the-line materials is $200-$400 or more a square foot, or $700,000-$1 .4 million for a 3,500 square foot house. However, building a modest custom home in a low-cost area might drop costs as low as $100 a square foot, or $350,000 for 3,500 square feet.