What are the hard costs of a custom home budget anyway? While the soft costs of a budget include any costs that are generated during pre and post-construction, the hard costs consist of any tangible assets that your custom home builder needs for the construction process. This includes any item that is necessary at the construction site of your new custom home (such as plumbing, electrical, or HVAC systems). Below we talk a little more about the hard costs of your custom home budget, and what you should expect when determining this budget with your Victoria BC custom home builder.
Don’t forget that the hard cost category does not just include structure and interior building costs, but also the costs for exterior landscaping. Within your custom home plan there may be items such as grass, trees, flowerbeds, or fertilizer that should be included in the hard costs. Another often forgotten element are expenses related to site and interior cleaning, along with any equipment that may be needed for this. Even though this may seem to be a post-construction phase, it is included in the hard costs.
As for pre-construction, all site preparation costs such as excavation and earthwork are also considered to be hard costs. Many custom home builders also include the interior and exterior concrete and finishes within hard cost calculations.
The hard costs for a custom home build are much easier to estimate due to their tangible nature, but that doesn’t mean they aren’t subject to change. Although your builder can do their best to estimate, there are sometimes unknown surprise costs that pop up along the way. The best way to avoid this is to go with a trusted and experienced custom home builder who may be able to spot potential problems before they become costly.
Lastly, keep in mind that your hard costs with vary depending on market rates, your custom home design, and your selections. Work with your custom home builder to make choices that work for your lifestyle and your wallet.
That’s it, you’re all set to understand the major aspects of your custom home hard budget! Contact us today to get started on your dream home!