There are many factors to consider when budgeting for a new custom built home, including:
Buying your own lot: Many estimates do not include the cost of the land you’re building on. The National Association of Home Builders reports an average of $85,139 for the land. This includes the costs associated with financing it. This cost will be higher if you choose land that needs to be leveled.
Building materials: This includes foundation, framing, exterior and interior finishes, roof, and any other customizations you plan to add to your home.
Labor costs: Hiring architects, engineers and surveyors
Machine costs: This will be based on what equipment your hired professional has to rent. The size and location of your custom home will affect the cost of machinery as well. For example, if you are building in rocky or unleveled environments, special machinery may be required.