Looking Beyond the Price per Square Foot
For years, price per square foot was the golden standard for comparing homes in the same market. However, price per square foot doesn’t tell the whole story. Read on to see why the best method for comparison of new construction homes isn’t price per square foot.
Price Per Square Foot
The formula to calculate price per square foot is sale price divided by square feet. For example, if the sale price is $325,000 on a 1,600 square foot home, $203 is the price per square foot. What price per square foot doesn’t equate is one-story vs two story, number of rooms, finishes, location, school district, nearby recreational amenities, and quality craftsmanship.
Beyond the Price Per Square Foot
While price per square foot can tell part of the story, looking beyond this can give you a more accurate representation of what the real price is to construct your home. One item beyond the price of a new construction home that holds value is the builder’s expertise. A builder that has been building homes for longer has seen and overcome most building challenges. At Tailored by Woodhill Homes, our company has been building community homes for over 20 years and has the knowledge to implement a seamless build experience on your lot. Another way a builder provides value is by the home plans they offer as well as if they offer customization. Don’t sacrifice the layout and functionality of your home because a cheaper alternative is available, but doesn’t fit your needs. Contentment with your home far outweighs the price.
A huge difference in on your land homes are the standard features that are offered by different home builders. Compare standard features side-by-side to see if you are getting the same offerings from all builders. Take into consideration you may have to pay additional fees to get the features you really desire in your new home.
Consider the quality of materials the home builder is utilizing in their homes. If your builder isn’t using quality materials, then you risk paying high-priced repairs further down the line. If the home you purchase doesn’t provide you longevity, then the price per square foot becomes much higher after repairs are considered into the equation.
Tailored by Woodhill Homes is a high-quality, value-priced on your land home builder in Central Oregon. Click here to learn more about our standard features, quality construction and innovation in our homes.