By Mariano and Co Custom Home Building

Did you know Arizona was one of the regions ranked in the top ten for housing construction?

While many cities and states struggled to keep up with population demands, Phoenix and surrounding areas increased by almost ten percent.

Custom home building in Mesa, AZ, is a great opportunity for you and your family to get the most out of the housing market this year.

First, you need a construction company that can offer you the right pricing, a reasonable turn around time in the current market, and reliability.

Your new custom home can last you for decades to come, so are you ready to get started?

We have put together a complete guide on custom home building in Mesa , and the Phoenix metro area, so keep reading for more information!

Cost of Building a Home

A custom home builder can help you feel like you are a part of the process of designing a unique home that fits you and your family’s needs.

Two primary factors go into a custom luxury home in Mesa, Arizona: construction and property costs.

Construction costs average $235 to $335 per square foot, depending on the level of finishes.

The cost to build a custom home, not the land, on the low end is $300,000, but you should budget for higher material costs, labor, and property costs.

Typically, the construction only includes building the structure, adding plumbing, and electrical work.

Interior design aspects such as flooring, furniture, and appliances can quickly raise the final price.

Recently, home prices in the Mesa, AZ, region have averaged above $400,000.

Property costs ultimately fluctuate depending on the market, so you should roughly aim for this number when building a custom home.

When you find the best cost to build a custom home, the contractors you pick make the most difference.

You need a company with custom home project expertise, high levels of experience, and excellent customer reviews.

Building vs Renovating

One of the most debated questions for homeowners is building or renovating.

Ultimately, this decision comes down to what you want and your current situation. If you don’t have a home and are looking at fixing up an older home, you may run into high costs with electrical, plumbing, structural concerns, and more.

If you own a house and want one area upgraded, a renovation project could save you time and money while boosting curb appeal.

Modern bathroom remodeling and kitchen renovations are among the most sought-after home projects since they can make a huge difference in your home’s aesthetics and market price.

High-end kitchen renovations can cost upwards of $200,000, with the average coming in at $65,000.

The cost of remodeling your kitchen can include:

Cabinets
Appliances
Flooring
Counters
Backsplash
Lighting
Plumbing

Labor and the cost of removing appliances and materials should also be factored in. Some of these costs are unavoidable whether you renovate or build a custom home, such as appliances, cabinets, and flooring.

Yet, extensive home remodeling projects may not seem worth it if you live in an older home and need multiple renovations.

Home renovations don’t give you as much flexibility for customization, expansion, and updated technology.

Custom Home Building in Mesa AZ

Here are some tips to look for in a construction company with expertise in custom home building in Mesa, AZ:

Initial consultation
Excellent planning and design details
Showroom and design features
Pre-construction meeting
Frequent communication (e.g., phone calls, text messages, emails)

Technology and communication are essential when it comes to your new home. At Mariano & Co., we utilize cloud-based project managers such as BuilderTrend. This technology keeps you updated with project timelines, contractors working, and daily construction progress.

We also use technology to help with the design process and show you exactly what the plan is and how it will look.

You can go into this project with the ultimate peace of mind to achieve the house of your dreams.

Recent Costs of Building a Custom Home

You’ve already read a bit about what goes into the costs of a custom home. Building a home from scratch will undoubtedly cost more than typical renovations, and adding high-end features can raise the price. Recently, supply shortages have made homes even more expensive.

Lumber prices are nearly three times higher than pre-pandemic levels and can increase home prices by almost $20,000.

Labor shortages have also contributed to the recent spike in prices, and you should expect inflated costs across the board with supply chain and labor problems.

Should You Wait To Build a Home?

With high housing costs and labor shortages, some may wonder if they should hold off on building a custom home.

Experts predict that 2022 will continue experiencing increases in housing prices but not as drastically as last year.

However, mortgage rates are starting to increase to above 3.5 percent. Now is an excellent time to start building a custom home while prices have started leveling out and interest rates are still low.

Waiting another year could result in higher interest rates.

Right now, there are too few homes on the market for homeowners, which has increased prices. Building a custom home bypasses the housing shortage crisis.

Keep in mind these shortages could extend your custom home building timeline, making a local and reputable company even more critical during the construction process.

Building New Memories and Homes

Have you thought about custom home building in Mesa, AZ?

Home prices aren’t expected to drop any time soon, and while mortgage rates are still low, now is the time to start your new home building process.

At Mariano & Co., we have highly skilled contractors and workers who have experience with custom home building in Mesa, AZ, and can give you the home of your dreams. What are you waiting for?

Are you looking for a custom home builder in Mesa AZ that will handle your project with care and integrity? The team of professionals at Mariano & Co. is committed to providing each client with a 5-Star experience. Call (480) 287-4096 or request an estimate online today!

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