Price Per Square Foot – What Does it Really Mean?
Price per square foot is often one of the first questions to come up in the home building process. Though it’s a question that comes up frequently, it’s important to realize that it’s always a subjective answer. Before entering the home building process and asking questions about price per square foot, we thought we’d shed some light on some of the elements that play apart in answering this complex question. Keep in mind, since this is a big question to answer, we will dive even deeper in future blog posts!
What am I Getting for the Price Per Square Foot?
Oftentimes this can depend on what it is you’re looking for from your home building experience. At SHELTER, we are a big believer in our building process and delivering the best client experience. We’ve all heard horror stories about how client’s had the worst experience building their home and would never go through the process again. We work hard to ensure that is never the feeling our clients have about their home building process. We are proud to have a 100% GuildQuality rating which is a reflection of how much our client’s enjoyed the experience along with getting a top quality home. Making sure that the client’s experience is pleasant is one example of a factor that can play a part in what you’re getting with your price per square foot.
One of the Technicalities of Price Per Square Foot
Let’s pretend that you are building two different homes. One home is 2,000 square feet, and the other home is 4,000 square feet.
Both homeowners want to have a pool, a nice driveway, high end kitchen appliances, and landscaping included. All of those items cost money and costs the same regardless of the size of the home. For both homes, the pool could be 75k, the driveway 15k, kitchen appliances 40k, and landscaping 50k.
Taking those fixed costs into consideration, naturally the cost per square foot for the 2,000 square foot home will increase since there is less square footage to divide this overall cost over. On the other hand, the 4,000 square foot home can absorb more of these costs and show a lower price per square foot.
Easy Question: Complex Answer
Cost per square foot is an easy question to ask. However, it’s important to know all the elements that come into play with answering this golden question. Keep in mind the experience you’d like to have while building a home and all the factors that play a part. Knowing how complex it can be to answer the question will help you understand the home building process a bit better.