Budget Management
There are many factors influencing the cost of building a new house, the most important ones being the size and the materials. We always work with our clients to come up with a plan and make sure to stay within their budget. When thinking about your priorities and your budget for a new home, it helps to have a rough idea of the cost breakdown for a new construction. The table below is a breakdown example for a 3500-5000 sq ft. detached house in the Toronto area with two furnaces. The exterior is assumed to be a combination of brick, stone, precast, and stucco.
| Title | Details | |
|---|---|---|
| Design, Permit, Insurance | 6.5% | |
| Excavation and Concrete | Demolition, Excavation, Footing, Foundation wall, Weeping tile, Damp proofing, Backfill | 6.5% |
| Framing and Roofing | Lumber, Roof truss, Shingle roofing, Windows and steel doors, Drain, Basement slabs, Porch and walk out, Electrical, Pluming, HVAC duct and furnace | 24% |
| Bricklaying and Exterior veneers | Stone, Brick, Precast, Stucco, Exterior door and garage door, Soffit, Eavestrough | 10% |
| Drywall | Drywall, Taping, Moulding, Tiling and Caulking | 11% |
| Finish Carpentry | Hardwood flooring, Interior doors, MDF and walnuts, Installation and panelling | 9% |
| Finishing (1) | Painting, Cabinets, Countertops, Showers, Railing, Fireplace, Landscaping, Vacuum, Sound system, Security | 22% |
| Finishing (2) | A/C, Appliances, Lighting, Bathroom vanities, Faucets, Cleaning and contingency | 11% |
| Total | 100% |