Building a home on the East Coast of the USA isn’t the same price as building a new modern home in California, Oregon or Washington. The Pacific Northwest weather brings home design challenges of it’s own while the Nor’easters on the East of the United States are wicked, usually bringing super heavy rain or snow, hurricane force winds or blizzard conditions. All of these factors go into planning your residential home design and the cost of construction for a new modern house.
Different people have different reasons why they’re moving from coast to coast. One of the first items to consider is what is the best moving company to hire. Some move from coast to coast for work, a new life perhaps, it’s also popular for people to move and take up residence in an ADU home, Casita or Ohana so they can be closer to their families, others are moving for the betterment of their children’s education. But on the other side of the coin, there are also some people who will move because their new homes are already built and fully functional. If you’re planning to do the same in the future, you should be financially prepared for residential construction costs. Having a budget is essential for you to avoid having too many debts when you’re building your home from scratch.
Regardless of the size of the house plan and it’s location you will need to save a large amount of money for the construction of your home. If you’re ambitious on the amenities and space you want your new home to have, you might need to spend more. To give you a better idea of the residential costs in different coasts, take note of the following:
1. Custom homes: $100,000 to $1.5 million +
If your budget allows it, of course, you’d want your family to live in the best house with the best amenities. You want them to be comfortable whenever they’re at home – after all, you’re willing to work for long hours just to provide for them, right? If you want to move into a house which has the complete balance of aesthetics and functionality, build a custom house. Because this kind of house will require a lot of help from the professionals, expect that you will need to spend at least $350,000 to make your dream house a reality. Modern Eco-Friendly green homes cost more to build but can save you money and while helping the environment at the same time. Of course these costs can increase up into the millions if you’re planning to invest in the most innovative home designs features, a pool, a 3 or 4 car garage house plan, luxurious furniture and modern appliances.
2. Modular and prefabricated homes: $50,000 to $500,000
People have a lot of responsibilities on their plate. More often than not, adults are also employees and parents to their own families. This is one of the reasons why more and more people want to build their homes as fast as possible. If you share the same sentiment, consider investing in modular and prefabricated homes. These kinds of homes are fabricated and assembled immediately on a specific location.
Although modular and prefabricated homes have limited design options, these types of homes are cheaper than custom-built homes. If the functionality of the home and the urgency of living in it is more important to you, a modular and prefabricated home is an excellent option for you.
3. Material and machine costs: $70 to $80 per hour
The construction of your home will never be complete without any materials and machines. You need to use the best materials for your home to ensure its quality and the safety of the entire household. The quality of the materials can also make or break the longevity of your home. Additionally, you need to use different kinds of machines to construct different parts of your home.
Since materials and machines are essential for your upcoming residential construction, make sure that you prepare an appropriate budget for these. While you’re at it, don’t forget to allot money for emergencies, as well. You can never know what will happen during your residential construction, so it pays to be prepared.
4. Labor costs
As mentioned, you will work with different professionals to make your dream house a reality. Aside from the materials and machines, you also have to pay for the following people:
● Architects – at least $60 per hour
● Engineers – at least $100 per hour
● Land surveyors – at least $300 per hour
The mentioned costs are just an estimate of how much are you going to spend. The more complicated your home design is, the more money you’ll have to pay to them. The same is especially true if you’re planning to build a large and spacious house.
5. Additional factors that affect costs of moving from Coast to Coast
You’ll have to pay a lot of things before you can enjoy your new home. Aside from covering the basics, you also have to budget in order to pay for the following:
● Purchasing a house plan
● Hiring a moving company
● Hiring a home builder
● Number of stories
● Home design features
● Type of roof
● Land an excavation
As one way of being financially prepared for your upcoming residential construction, determine what kind of home you really want to have. Once you have this figured out, it’ll be easier for you to determine your budget while making allowances for emergencies during the project.
You’ll Reap What You Sow
Building your home can require a lot of things from you. Aside from having the money for the construction, you should also have the patience and perseverance to continue with your efforts. You also have to be open-minded to welcome suggestions from other people and use these as your areas for improvements. Accomplishing all of these tasks at once might be time-consuming and stressful, but once you’re able to see and enjoy your newly-built modern home, you’ll know that all of your efforts will be worth it!