Cost to build a custom home (5,000 sf, 5-bed, 6-baths)
This article is part of a series of posts on real project costs. New Avenue is a national design/build company. Designers and contractors enter bids in our system and send and receive payments for completed work. Any changes are submitted by the contractor and approved by the owner before the budget changes. This keeps your project budget transparent, fair, and under control. It’s like PayPal for remodeling and building. We have the unique ability to collect the complete project costs. We share these costs to help inform owners, designers, and contractors. If an owner does not have a team in place, we have a network of proven designers and contractors who are committed to creating homes that make owners healthier, wealthier, and happier.
A custom home is typically a once-in-a-lifetime project where you work with a designer to craft a design that responds to your unique lifestyle and needs. It provides you and your family a space that is calming, comfortable, inspiring, beautiful, functional and integrates into your property and the surrounding context. It is a project type we are passionate about and our designers love working with clients to come up with creative designs that our builders than turn into reality.
This following budget is for a 5,000-square-foot home that was designed and custom built. The construction costs include every detail needed for the contractor to complete the home. Your project will certainly be different. However, costs for a home of this quality are comparable across most major metro areas.
This is a list of the almost 100 line items used to track the progress and pay for work as it is completed.
General Conditions Allowance | $42,800
Mobilization $1,500.00
Sanitary Facilities $1,500.00
Dumpsters $6,500.00
Progress Cleaning $1,000.00
Final Cleaning $1,500.00
Project Supervison $25,000.00
Shop Drawings & Samples & Mock-Ups $4,000.00
Silt Fencing & Erosion Control $1,800.00
Site Work | $117,200.00
Demolition $19,500.00
Excavation $18,000.00
Backfill & Drainage $17,000.00
Rough Grading $14,000.00
Rain Gardens $9,500.00
Utility Trenching $12,000.00 *
Road Cleaning $2,500.00
Driveway $18,700.00
Tree Clearing $1,000.00
Excavate for Retaining Walls and Propane Tank $5,000.00
Concrete and Masonry | $126,400.00
Concrete Foundation and Slab $55,200.00
Foundation Waterproofing $2,100.00
Boulder Wall and Trench Drain $25,000.00
Stone Veneer on Foundation $30,800.00
Chimney Veneer $5,500.00
Front Entry Step $2,800.00
Polished Concrete Floor $5,000.00
Metals | $4,500
Structural Steel $2,500.00
Gutters $2,000.00
Wood and Plastics | $351,500.00
Framing Materials $55,000.00
Exterior Materials $30,000.00
Interior Materials $16,500.00
Framing Labor $80,000.00
Exterior Labor $45,000.00
Interior Labor $82,000.00
General Labor $8,000.00
Porch/Deck/Railings (allowance) $31,500.00
Outdoor Shower $3,500.00
Windows and Doors | $58,500.00
Anderson Windows and Exterior Doors $43,000.00
Garage Door (allowance) $7,000.00
Interior Doors $8,500.00
Thermal and Moisture | $54,100.00
Insulation $28,000.00
Roof $23,600.00
Roof top Snow Melt $2,500.00
Finishes | $137,600.00
Drywall $21,200.00
Exterior Painting $20,500.00
Interior Painting $28,000.00
Kitchen Counter (allowance) $8,500.00
Flooring- Wood $29,900.00 A $6.50 per sf for material
Tile Material (allowance) $11,000.00
Tile – Install, Waterproof, Setting (allowance) $18,500.00
Millwork | $93,500.00
Kitchen Cabinet (allowance) $35,000.00
Bath Cabinets and Counters (allowance) $15,000.00
Master Walk-in Closet (allowance) $3,000.00
Closets and Shelving (allowance) $5,000.00
Bunk Beds and other Cabinets (allowance) $7,500.00
Fireplace Surrounds and Related (allowance) $3,500.00
Medicine Cabinets (allowance) $1,200.00
Stairs $19,500.00
Workbench $1,500.00
Balcony Rail $2,300.00
Specialties | $41,750.00
Door, Bath and Cabinet Hardware (allowance) $16,750.00
Plumbing Fixtures, Shower Glass and Mirrors (allowance) $25,000.00
Equipment | $57,000.00
Appliances (allowance) $35,000.00
Generator – 22kw $8,500.00
Zero Clearance Fireplace Unit (allowance) $8,000.00
Appliance Install $5,500.00
Mechanical | $93,500.00
HVAC $55,000.00
Plumbing $29,000.00
Propane Tank $4,300.00
Gas Piping $1,200.00
HRV/ERV $4,000.00
Electrical | $105,700.00
Electrical Service $5,900.00
Electrical Rough in $52,800.00
Electrical Fixtures (allowance) $20,000.00
Alarm Install (allowance) $2,000.00
TV, Data (allowance) $25,000.00
Landscaping | $86,000.00
Stone Paths $3,000.00
Soil/Seed (allowance) $12,000.00
Irrigation (allowance) $5,000.00
Stone Dock (allowance) $15,000.00
Shore Protection (allowance) $35,000.00
Stone Patio $6,000.00
Landscape Misc. (allowance) $10,000.00
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Construction Subtotal = $ 1,370,050.00
15% for Contractor Overhead and Profit = $ 205,500.00
10% for Design Fees = $137,000
Permit fees = $65,000
Total Project Cost = $ 1,777,550.00
This is a general overview of what it costs to get a high-end custom home designed and built. Of course these costs can vary greatly depending on the size, complexity of design, materials selected, property conditions, structural requirements, and many other decisions made along the way. Our design-build teams work closely with all of our clients to make the best decisions and recommendation based on your lifestyle, aesthetic values, project budget, and the unique features of your property. The goal with custom home design is to make something that aligns with how you live and is a reflection of your values. We love learning from our clients, listening to their goals and ideas, and collaborating to make them a reality.
