The total cost of the design process will vary based on the unique characteristics of your project and often fall in the range of about 5%-8% of the total construction costs.
A home with a projected $750,000 construction budget may cost approximately $45,000 to design (6%); a home with a $2,000,000 construction budget may cost $80,000 to design (4%); a home with a $550,000 construction budget may cost $30,000 to design (5%).
Remember that design costs are not included in typical square foot construction costs, so when considering the rough square foot pricing in the next section, the design work is always additional to those typical costs.
Construction Cost of a Home
Based on our experience building high quality, high performance custom homes in Northern New Mexico we have developed a very good understanding of what typical construction costs are in this region.
Although each project is unique with varying site considerations, and finishes representing the unique taste and aesthetics of each owner, the typical construction costs below are adequate for preliminary budget planning, and thus for planning the size of home to design.
In each case, a specialized and itemized construction budget will be developed that represents the exact costs of your project, and will vary somewhat from the typical costs shown here. This method of budget projection is very important to begin the design process with realistic expectations.
Enclosed Heated Area (measured from the exterior of the walls): $265-$365 per square foot.
Areas Enclosed but not Heated (garages, storage rooms, attics, etc.): $115-$140 per square foot.
Covered outdoor spaces (varies widely based on finishes & fixtures.): $65-$140 per square foot.
Decks and Patios Uncovered:$65-$115 per square foot.
A simple rule of thumb for an economically minded project is to take the total gross roofed area (all square footage under roof including garages, storage, portals, patios, main house, guest house, studio, etc.) and multiply that area by $215-$250 per square foot.
|Basic Calculation||Total Area Under Roof||X||Typical Cost Range||=||Construction Budget Range|
|Example||4000 sf||X||$235-$300||=||$940,000 – $1,200,00|
|Reverse||Construction Budget Goal||÷||Top of typical Cost Range||=||Total Area Under Roof to Design For|
|Economical Example||$950,000||÷||$235-$300||=||3166sf – 4042sf|
|More Detailed Approach||Areas||X||Typical Cost Range||=||Construction Budget Goal|
|Heated||2800sf||X||$275-$365||=||$770,000 – $1,022,000|
|Enclosed Unheated||600 sf||X||$125-$150||=||$75,000 – $90,000|
|Outdoor Covered||600 sf||X||$75-$150||=||$45,000 – $90,000|
|Outdoor Uncovered||500sf||X||$75-$100||=||$37,500 – $50,000|
|Projected Construction Budget||=||$927,500 – $1,252,000|
|Your Project||Areas||X||Typical Cost Range||=||Construction Budget Goal|
|Projected Construction Budget||=|
|Add Design Costs to Projected Construction Budget||6%-10% =|
|Total Project Budget Goal =|
Again, we are incredibly experienced in each of these areas and can assist in expediting the process in many ways. We have designers, architects and engineers all ready to assist you with your design and build.
Start your process by simply calling us and getting the conversation started: 505-988-7230