PRICING INFORMATION

Pricing Information

It’s a challenge to explain the costs of custom home construction, and we want to gently communicate to potential homeowners that construction costs on a truly custom home are higher than other types of projects.  We cannot compete with builders who build a large number of homes using similar plans and materials purchased in bulk.  A truly custom home is a one-of-a-kind expression of your personality and your requirements and the process just costs more!  Our cost per square foot varies greatly from plan to plan.

• We do component-based pricing. We count everything – shelves, cabinets, doors, windows, gutters etc.

• We have 137 different counts that we take off from all plans to determine pricing.

• Some significant cost drivers:

  • Size: the most obvious of course. Don’t forget to review the sizes of garages, porches, decks, bonus rooms, and large “open below” (2-story rooms) areas - these are often overlooked when thinking about size, yet these parts of your plan have significant costs associated with them.

  • Shape: a square 2-story house is the lowest cost structure (and the most boring). Typically the more “corners” on a plan the higher the cost/SF - but the better “street appeal” it will have.

  • Roof pitch and complexity: Higher pitched roofs affect framing budgets, siding budgets, and roof budgets. Exterior corners and nooks will add roof complexity and cost - but they typically produce much better street appeal.

  • Siding Style: We have access to all types of siding products. Some siding styles are 4-5 times the cost of standard lap siding. Many customers control costs by using higher-cost siding treatments as accents.

  • Windows: windows affect engineering, framing, siding, drywall, and trim. A high number of windows decreases the strength of the exterior wall assemblies against earthquakes so we have to take additional seismic bracing measures in order to maintain structural integrity.

  • Kitchen size and features: a kitchen is probably the most expensive room (per square foot) in a home. Items like specialty cabinets, specialty appliances, and specialty fixtures can add up fast.

EquityQuest Homes has 3 pricing models based on type of financing:

Bank-financed Projects: these are projects with a standard construction loan and where the lender requires a General Contractor be hired for the entirety of the project. More detail on this type can be found here.

Private/Owner Financed Projects: these are projects where lender does not require a General Contractor be hired for the entirety of the project. More detail on this type can be found here.

Investors: please contact EquityQuest for our multi-structure investor pricing.