How Much Does It Cost to Build a Custom Home in GTA?

Building your custom homes gives you luxury of incorporating the options and feature that you want to be part of the home that you are going to live in for several years (if not for decades). New custom homes are built with improved insulation techniques and tight construction, which retains heat and cool air. With constantly evolving construction techniques, newly built homes offer the latest and greatest heating and cooling systems, so you won’t need to worry about running your air conditioning for hours to stay cool. Newly constructed homes also come with eco-friendly appliances and water-conserving plumbing fixtures, which will reduce monthly utility bills.

Being custom home owner offer you almost everything in the home building process – from the foundation to the flooring to the doorknobs. Custom home builders are flexible in mixing styles and plans to construct a home that is molded to your needs and lifestyle. Some argue that this custom attention leads to higher quality.

Average prices for a custom home in GTA

Custom home cost falls under two categories of hard and soft costs :

  • Hard Costs – These are fixed costs like trade cost and material costs. These costs don’t change unless something is added to it. For instance, a framer charges $10,000 for the job. This is a hard cost
  • Soft Costs – Cost that not directly related to construction but need to be considered such as financing, municipal fees , job-site setup, etc.

Builder should provide list of hard cost and soft costs as part of bid and contract agreements.

Generally speaking, a new custom home in GTA cost between $200 to $300 per sq. ft. A high end custom home with extravagant features could easily reach $400 per square feet. Homes which contain environmentally friendly technologies tend to be more expensive upfront, but the long-term cost savings can end up making this trade-off worthwhile. Other factors that you should consider in the overall cost are complexity of design, Quality of finishes and Municipal Charges and Services.

How long does it take to build a custom home ?

Project duration depends on many factors, including the size of the home, home features and how well planned is the construction project. The most important part of building a new home is planning stage. If you have covered all your selection prior to the onset of the construction, this will speed up the construction project. On contrary constantly waiting for information prior to proceeding to the next stage is counterproductive and costly.

Once the plan has been finalized, a prepared home builder will finish a home with modest size and feature within six months, larger home with more complex features takes as much as a year to complete

Efficient construction management

Once construction has started, it's all comes down to site management with tight balance speed vs quality. An experienced site manager will keep the plan on track without compromising quality. In any situation quality take president over speed. Remember no one remember a house that ran over schedule by a few days if the quality is top notch

Below is list of items for cost estimate for 3000 square foot home in GTA

Line Item Price Percentage of overall cost
Demolition and Excavation $20,000 2.3%
Footing and Foundations $30,000 3.5%
Framing Labour and Material $145,000 17.0%
Windows $28,000 3.3%
Basement Concrete Slab $15,000 1.8%
Steel Beam and Angles $5,000 0.6%
Brick and Stone plus Labour $80,000 9.4%
HVAC $40,000 4.7%
Electrical $46,000 2.3%
Pluming $20,000 2.3%
Inside Stairs $20,000 2.3%
Drywall 42000 4.9%
Paint $35,000 4.1%
Tile and Stone plus Labour $20,000 2.3%
Crown Molding $12,000 1.4%
Hardwood $30,000 3.5%
Finish Carpentry and Material $50,000 5.9%
Cabinet $65,000 7.6%
Railing $15,000 1.8%
Roof $12,000 1.4%
Counter Tops $9,000 1.1%
Appliances $30,000 3.5%
Lights and Chandeliers $10,000 1.2%
Land escaping $25,000 1.8%
Fence and Deck $15,000 1.8%
Railing $15,000 1.8%
Clean up during Construction $6,000 0.7%
Garage Door $2,500 0.3%
Main Door $5,500 0.6%
Sprinkle System $2,000 0.2%
Faucets $18,000 2.1%

Consult experts upfront

If you are planning to hire an builder for you major renovation, getting him/her on board early on may help to save money on your project by mapping out more of a clear plan to avoid changes mid-stream. In general, hiring licensed professional will prevent insurance headache later on With home renovation Get in touch with GTA Contractors so you can get tailored estimates for your project from our experts!

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