Construction time for a custom home is typically 4 to
5 months depending on the complexity of the home and
With a complete set of plans and detailing the home
as agreed and complete specifications detailing what
is included in the home and what is not. The construction
of the home is inspected by the town building department.
They are trained in the field and look at a lot more
than most homeowners will ever want to know about the
construction of a home.
These inspections are done at the following times:
Final certificate of occupancy (C of O)
There are several factors to consider when trying to
calculate the cost of a home. There are a limited number
of suppliers and labor providers for custom homes. We
have one of the oldest track records in Penfield as
well as an excellent credit rating. I would love to
tell you that our purchasing power allows us to purchase
products and labor at a lower rate than anybody else.
However in reality, it is a very competitive industry
and most credit worthy builders pay about the same price
for the goods and services they purchase. Therefore
it is hard to understand how one builder can offer a
special cost advantage over another builder. If there
is a cost advantage it is typically because one builder
is purchasing and providing a lower quality service
or product than another.
If three different builders were to prepare a bid on
the same house with the exact same finishes and level
of quality I would be shocked if there is more than
a 1% variance in the price between the three. The problem
is that this never happens. Each builder will include
different items in the home and their trades will have
different quality levels than other builders. This will
make a completely different home with a completely different
price. This is what makes it so difficult to compare
The important point is to find a builder that you trust.
Everybody should agree on exactly what will be included
in the home as well as the quality level that is expected.
The end cost will be a function of the home and quality
level you desire.
Cost per square foot is a commonly asked question of
a builder. It is impossible to give an accurate answer
to this question until the plan is chosen, finishes
are agreed to, and the home site has been evaluated.
Each home is quite different and the material included
or not included will make a major difference in the
cost per square foot. There are probably 10,000 variables
that can impact square footage costs due to home design,
specifications, site conditions and more.
Typically as the square footage rises, the cost per
foot will go down. This is because the same home, regardless
if it is 2,500 feet or 3,500 feet or whatever size,
built on the same lot with the same quality will have
the same amount spent on landscaping, utility impact
and map fees, driveway, appliances, garage, and many
more major items. As the square footage increases those
common costs are spread over more square footage which
reduces the actual cost per square foot.
There are many areas in a home where footage can be
added relatively inexpensively. This will work in your
favor since the cost of the footage will be less than
the value of the footage. Your builder should be willing
to discuss this with you and make some suggestions.
Our preferred method of operation is to assume that
all of our customers are looking for and expecting an
executive style home with executive finishes included
as standard. When you consider the cost per square foot
it is advantageous to build that style of home. Many
builders offer a low price per square foot with minimal
specification for the home assuming the buyer will upgrade
to the expected quality. Personally I do not want to
be on either end of a surprise like this, and I doubt
you would, too. By using an extensive standards list
it is easy for a buyer to remove certain items that
do not fit his or her needs. It is easy to imagine something
not being there. If you have to upgrade to a certain
item try to see what the style of workmanship is in
the installation of the product.
We allow you to get your financing from wherever you
feel comfortable. We do things a little different than
some other builders.
Upon a signed contract and before we start the house
I ask for a 5% deposit. With the balance at closing.
Be wary of a builder that requires draws at certain
stages. This is a sign that your builder may be in
his head financially. If this is true you should be
careful to be sure no mechanics liens are on the home
at time of transfer. This may also makes a difference
in the quality of labor available to that builder.
few trade workers are happy about working for a builder
that cannot afford to pay his bills.