Cost of Building Your Dream Home in Crested Butte
There are many people who choose to build their dream mountain home in Crested Butte, and you may be one of them! But you may be wondering exactly what the cost of building your dream home in Crested Butte is. Unless you have a very large sum of money and money is no object, the first thing you might want to do is talk with some local architects to get an understanding from their perspective what the overall costs will be to design, build and furnish your dream home. But before you do that here are some ballpark figures and calculations so you can get an idea of what the cost of building your dream home in Crested Butte might be.
What goes into building a luxury home in Crested Butte?
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.
Some material differences may include: log or timber trusses, reclaimed wood, ironwork on railings, accents and fixtures, hardwood/slate/stone floors instead of carpet, in-floor heat vs. forced air, larger open rooms, mud room, a second living area for kids, vaulted ceilings, stone fireplace, large view windows… Let’s say you have a number from a builder of $300 per square foot for a luxury home in Crested Butte. Conventional wisdom says to add 20 percent, since there are always overages and change-orders and add-ons. But let’s say you don’t believe me and are demanding a firm price, so let’s use $300 per square foot (and in our current market this is low).
- Cost of lot (land) = $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
Grand Total $1,719,100
Check to verify your assumption here as the house plus attached garage are the two largest numbers. Also determine what is included and excluded, and are items like high-end kitchen appliances, washers and dryer(s), a lite-touch lighting system, light fixtures, outdoor hot tub, decks, drawer pulls…etc. all in the builder’s number?
Of course, this is a “back of the napkin analysis”, and many things may be different with your home, so “mileage will vary,” but the majority of items and ballpark budget items for consideration are represented here.
Cost of Furniture and Furnishings
When it comes to building your dream home in Crested Butte it’s not just about the outside of the house. You also need to furnish and finish it! Will you be using an interior designer? You should, but let’s assume you are gifted and go it alone. Go to the mountain furniture store in Crested Butte or Gunnison or in your big city and get a quote for mid-range new furniture and furnishings, and see 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…), and to furnish a 3,500 square foot house with mountain furniture, pillows, linens, duvet covers, rugs, etc. $100,0000 is probably a conservative number.
Final Thoughts on Cost of Building Your Dream Home in Crested Butte
If you have questions about the what your Crested Butte dream home might cost or need suggestions on local architects, builders, or contractors – contact me directly to discuss.
I hope you see the level of detail and time and effort I put into this candid article Cost of Building Your Dream Home in Crested Butte. I have become a Top Real Estate Agent in Crested Butte by helping my clients to make informed decisions. This is representative of what you can expect from me as your agent.
If you would like to know my recommended local Architects and Contractors – Call me to discuss your specific home.
How can I help you?
I have over 30 years of sales and marketing experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.
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Global Luxury Property Specialist
Coldwell Banker Mountain Properties