The homebuilder your agent contacts you with should be able to guide you through the expected costs and schedule in detail. If you already own the land, the total cost of building your own home will be better compared to buying a home. As shown in the bar graph below, larger homes with a large gross floor area have the lowest construction costs per ft2, and smaller homes with a small gross floor area have the highest construction costs per ft2. Custom home builders can develop anything you want once you have all the design features in the plan. However, your home will cost more simply because you are giving your home its exclusive focus and ordering materials and hiring workers for a house.
As shown in the bar graph below, larger homes with a large gross floor area have the lowest construction costs per ft2, and smaller homes with a small gross floor area have the highest construction costs per ft2. The list of metropolitan areas above, as well as the bar graphs below, indicate that Jamestown is the cheapest city to build a private home in New York State, and New York City and Manhattan are the most expensive cities to build a house. The cost of eight homes in these areas is equal to the price of a house in Manhattan's SoHo neighborhood. Building a custom designed dream home will usually end up costing more than if you bought a new home already built in a subdivision, or if you work with a developer who has floor plans to choose from. There are other costs associated with building new homes, such as architectural and design fees, builder's fees, permits, and additional custom features.
