There are many factors that can impact the cost of building a custom home or buying an existing one. If you missed the first part of this post, you can check it here. 

Size

The square footage of a house has an impact on its price. Homes of greater square footage are more expensive than homes of smaller sizes.

Number of bedrooms

Design and size also have an impact on the cost of a new home. The cost of a home with more bedrooms is generally higher.

Levels

Any additional levels added to a home will result in a higher overall cost. Labor and materials typically cost $13 per square feet to frame a one-story home, and $22 for a two story custom home in Myrtle Beach.

Prospective buyers face a major decision when they take their first steps towards homeownership: Buy an existing house or build a new custom home? It often depends on the buyer’s financial situation, budget, and what they want.

The median sale price of single-family homes in the United States in December 2021 was $358,000, an increase of 15.8 per cent from the previous year, according to the National Association of Realtors. The median sale price for single-family homes during the same time was $377,700 according to the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

The cost difference may initially seem like a major dealbreaker for some buyers. Others may find it worth the cost to build a new home according to their own specifications.

Let’s make it easier for you to decide if you want to build something new.

Cost per Square Foot for a Single-Family New Home

The average cost of building a new house is $284,158. The cost of a new home can vary depending on the location, type of home, size, and desired features or luxuries. While new construction is typically priced between $100-200 per square foot (but customizations can quickly increase the cost to $500 per square foot), it’s not uncommon for costs to go up to $200 or $300 per square foot.

To stay cool in the summer, you will need certain features in your custom home. You want your home to be as comfortable and cool as possible. Here are some must-have features to ensure that your home stays cool in the summer for many years.

A metal roof can improve your HVAC performance

If you are looking to cool down your home, metal is the best roof material. It’s very energy efficient. Metal roofs are also beautiful and can be an excellent addition to any home.

Building a custom home is not exclusive to wealthy buyers who are looking to have an expansive house. As a matter of fact, today’s trends show that buyers these days mostly want a smaller home footprint. Especially retirees who are downsizing.

According to a National Association of Home Builders survey, about 42% of buyers will sacrifice square footage to have a home that’s affordable. Last year, the size of an average new home for a single family is below 2,500 square feet, which continues a five year trend where homes are becoming smaller. Unlike others who think bigger is better, a lot of today’s home buyers prefer a home that’s affordable, comfortable, and energy efficient.

Are you considering a small custom home? Here are a few things you need to consider.

How much can you afford?

Get in touch with lenders to get an idea of just how much mortgage you are going to qualify for before you begin anything else. Know how much a banker will most likely loan you, and how much your monthly payments will be. This will help you keep you within your budget once the design process starts.

The kitchen layout for your custom home can make or break your space. It is the most important design decision that you make.

How do you choose the right layout for your custom home in Myrtle Beach? It can be difficult to choose the right layout for your space, given the many options available and the fact that it is a very important aspect of the room. We have made it easier by gathering the majority of the top kitchen layouts. No matter the size or style of your kitchen, we have you covered.

Kitchen Layout Ideas For Your Custom Home

1. Consider How Your Space Will Be Used

Before you start looking at the various kitchen layout options, it is a good idea to think about how you will use your space.

• Who will use your space?
• Do you enjoy cooking?
• Do you need the space to be creative?
• Do you host guests and want a space that is comfortable for them?
• Is your kitchen a workspace in the morning or a homework area at night?