Homebuilding has one fundamental concept: all things, i.e. features, finishes, and location, are equal. A bigger house will have a lower cost for each square inch when compared to a smaller one. Why is it so? The answer will help you shop for the right builder and house plan. Such knowledge will also save you a lot of many and prevent you from making other disastrous building decisions.
Price-Per-Square Foot-The Facts
Price per square foot is the standard metric used when shopping for a new or used house. This is because each home has its charm and features that make it unique. Therefore, there has to be a way to compare them to another.
There’s a host of other factors that affect the cost of building a house. As a home builder, you should be aware of such considerations. This will prevent you from being lured in by contractors that advertise a lower cost per square inch prices.
Larger House Often Cost Less Than Smaller Ones
When you consider square footage, constructing a larger house costs less than smaller ones. This is because you get more room to spread out features like cabinets, tilling and air conditioning units. Most distributors and hardware retailers will also give you better deals on items if you buy in bulk.
Making a smaller house still has the same associated cost because they still have the same features as larger ones. Since you have less room to spread these things around, the price per square inch has to go up. With all things, equal larger houses cost less per square inch. Therefore, when looking for a building plan design, you should factor in the things that go into the building. Therefore, take causation when looking at building plans that promise a lower cost per square inch.