Calculating Cost To Build Your Crested Butte Home

There are many people that have decided that building their Crested Butte home is the right option for them! What does this entail for you and your family? There should be a lot of research done on what type of home you are building, the location of the home, and local architects and construction companies to build your dream home. Are you wondering about how much this is going to cost you and how to figure these costs out? For a better idea of calculating the cost to build your Crested Butte home take a read!

What Goes Into Building A Luxury Home In Crested Butte?

There are a lot of things to consider when you think about building your dream home! Cost of land, architect fees, permitting fees, materials, labor, change orders, furniture, furnishings, window coverings, landscaping, retaining walls, driveway… In the big city, you may be able to build a super high-end home for $200 per square foot. Building in Crested Butte is probably double or more because labor is more expensive, you are building a custom home, and you will be using more materials to account for snow loads and different materials than your metro suburban home.

But let’s say you have found your home lot or homesite and now you are getting ready to plan your dream home.

Working with a local architect to help you design your home is key. Make sure to talk about the pricing of the layout and furnishing so you don’t go over the budget. These can be such exciting times! You get to pick out the exact layout, color schemes, lighting, and flooring for your home. Deciding the final layout of your home can take time and lots of changes could be made! Take your time and don’t get frustrated with this process. Once this is completed the actual building of your home will begin. This altogether could take about 16 to 24 months. It’s important to keep in mind you can have missed deadlines, or materials being on backorder. These could make your move-in date pushed back further.

Calculating Cost To Build Your Crested Butte Home

Now let’s talk about estimating the cost of everything that you know what you need to make your dream home come to life. Cost of land, architect fees, permitting fees, materials, labor, change orders, furniture, furnishings, window coverings, landscaping, retaining walls, driveway. These are just some of the things you will need to think about when it comes to building your dream home. Building material that you will be using to build your home can add to the cost as well. Are you going to use real hardwood flooring? This is just one example of a material that quickly adds up the price of your materials.

Calculations When Building Your Crested Butte Home

Here is just one example of how the cost would add up when it comes to building your Crested Butte home. There also could be other added expenses thrown in if you’re building your home on a slope. That is an added price for foundation work that will need to be completed. Also, any problems you run into when it comes to building, or just any updates or add ons you make to the house plans.

Land Lot Price = $150,000
House construction at $300 per square foot x 3,500 square feet = $1,050,000
Large 2 car Garage at $250 per square foot x 750 square feet (25 x 30) = $187,500

Subtotal for lot plus construction cost $1,387,500

Architect fees = $50,000
3 municipal sales tax on materials (@ 60% of house construction cost) = $21,600
Water tap fee, or approximate cost to drill well = $20,000
Septic tap fee, or approximate cost to install septic system = $15,000
Permitting and any impact, linkage, or affordable housing type fees = $25,000
Driveway – excavation, ditch & drainage, roadbed, asphalt or concrete = $25,000
Landscaping – trees, shrubs, wildflowers, flower beds, irrigation = $25,000
Hardscaping – retaining walls, rock walls, stone walkways, patios = $25,000
Full house audio / video equipment and installation = $25,000
Furniture and furnishings = $100,000

Cost Of Furnishing Your Home & Calculating Cost To Build Your Crested Butte Home

When it comes to building your dream home in Crested Butte it’s not just about the actual house. You also need to furnish and finish it! Will you be using an interior designer? It can be very helpful to have someone guide you, but let’s assume you are gifted and go it alone. Going to your local furnishing store and seeing what it will cost to put framed artwork on the walls, install window treatments, add cute decorations throughout, a full turnkey kitchen package (small appliances, wine glasses, silverware, pots, and pans…). To furnish a 3,500 square foot house with pillows, linens, duvet covers, rugs, etc. $100,0000 is probably a conservative number.

How Can I Help?

Stay safe out there. If you have any further questions about calculating the cost to build your Crested Butte home please feel free to reach out! Contact me to help you if you have any questions.

If you want to chat about the real estate market here in Crested Butte – give me a call… (970) 209-5405

I have been in your shoes – as both a Second Home Buyer and Seller here in Crested Butte.

The Crested Butte area offers a wide variety of properties including ski-in/ski-out single-family homes, ski-in/ski-out condominiums, lake and river frontage properties, golf course property, quality homes in Downtown Crested Butte, and true fine mountain homes on acreage.

To see Crested Butte Homes For Sale or search the MLS – visit ChrisKopf.com.

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I have consistently been a Top Real Estate Agent in Crested Butte, and I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.