You have dreamt. You have imagined. You have saved and planned. You have scoured Pinterest boards, flipped through BHG magazine, and binge-watched every home show your streaming service has to offer. And now it’s time to start taking the next steps towards bringing your vision of the perfect home to life. If you’re at this stage, there is one big question weighing on your mind: how much does it cost to build a custom home in Port St. Lucie? Well, as one of the leading home builders in Port St. Lucie, we want to share.
Let’s find your answer… and get you one step closer to home.
The Cost to Build a Custom Home In Port St. Lucie
We’re going to give it to you straight without any further ado: the average cost to build a home in the Sunshine State is between $240,000 – $350,000.
And yes, this is a big range. Where on the spectrum you will fall depends on a variety of factors, such as the location of your home, the size and layout, material upgrades, and specialty products. It also may encompass fluctuations in the market and supply chain.
If you’ve watched or read the news – or even glanced at the headlines! – you know that this has been a tumultuous year when it comes to these latter two factors: the market and supply chains. There are virtually always circumstances occurring that raise or lower average prices. For example:
- Labor Shortages. It can be difficult to source contractors, electricians, plumbers, and other skilled and semi-skilled folks available for projects. This can impact price, but it can also play a role in your project timeline.
- Material Costs. In the days of the pandemic, we saw prices for essentials like lumber increase significantly. While we are past the peak, this can still represent a cost increase when it comes to building a home.
- Increased Demand. During quarantine days, there was a stop put on construction. This has eased, and pent-up demand may make it more difficult to find custom home builders in Port St. Lucie who can take on your project.
Is It Cheaper to Buy or Build?
At this point, you are probably asking yourself, “Is it just less expensive to buy an existing house than to build a home?” Well… Not really. The housing market, particularly in Florida, is hot. There is fierce competition in locales like Port St. Lucie. The reality is that homes just don’t stay on the market long, and they often go well above the asking price. It may actually be less expensive to build.
There are a few ways you can “cost engineer” your project to get the results you want – and of which you dream – and stay on budget.
Opt for a Model Home
When it comes to a full custom build… The sky’s the limit when it comes to price. You could spend millions adding every high-end upgrade on the market! But there is an alternative (a very attractive one at that!). Model homes.
Think of them as semi-custom. Top model home builders in Port St. Lucie have a library of blueprints in which they specialize. These are expertly designed, expertly built homes that offer the ultimate in comfort, convenience, energy efficiency, and style. Because the builders have experience in creating these homes, they are able to achieve exceptional efficiencies. In other words, they know what they’re doing! They have honed in on a process that works, increasing speed and cutting costs – but never corners.
You select one of the plans for their repertoire. From there, you can customize certain aspects so your home really reflects your needs, personality, and style. This allows you to stay within your budget while building the home of your dreams.
Consider Initial vs. Ongoing Costs
When asking yourself about the costs of buying versus building, it is essential that you consider ongoing expenses. Initially, it may (or may not be, depending on the factors we have discussed) be a bit more costly to build a home over buying an existing house. But think long-term.
When you build new, you are moving into a home that has new… Well, everything. The roof, the foundation, the insulation, the windows and doors, the HVAC system, the appliances, the flooring. Everything. You won’t need to engage in any major maintenance or repair projects right away. When you buy, on the other hand, you are also buying into the home’s existing issues. Whether it is a shingle roof that is in the last years of its life or windows that need to be upgraded for storm preparedness, you could be looking at thousands (or more) in additional costs.
Add in the issue of energy efficiency. An existing home is simply not as efficient as a new home, especially one that is constructed with a tight thermal envelope. Synergy Homes’ models are up to 75% more efficient than existing homes – and up to 50% more efficient compared to average new construction. You literally save money every month.
Contact Synergy Homes
As top home builders in Port St. Lucie, our team has extensive experience in designing and constructing high-performance homes of which you can be proud. Layouts that fit your lifestyle, models that suit your budget, and ongoing efficiency that saves you green are all part of the package. The cost to build a home in Port St. Lucie varies from builder to builder… So choose a partner that has your best interests in mind. Ready to get started? Contact Synergy Homes today.