We are committed to working with you to create a fabulous Normerica Timber Frame home design and to assist you in developing a realistic and transparent Estimated Construction Cost Budget, which meets your family’s aesthetic and financial needs.
For examples of different building designs and their costs, see the samples further down on this page.
There are many decisions you will make while designing your timber frame home. It’s important to understand how these choices will impact your Estimated Construction Cost.
For more information on cost per square foot, see further below ‘The real deal about cost per square foot’.
To get a better understanding of how your design decisions affect the cost of a timber frame home, download the Residential Construction Guide for Timber Frame Homes now.
Some of these include:
Learn more about these options in our Timber Frame Homes Construction Guide, available for download.
The Gross Floor Area (GFA) of a home includes: a full height basement + first, second and third floors of the building + any covered porches; but does not include the auxiliary structure areas of garage and decks.
The cost per square foot of the building is calculated by taking the Estimated Construction Cost of the entire building, which must include the cost of all auxiliary structures such as garages and decks and is divided by the Gross Floor Area (GFA).
Estimated Construction Cost of the entire building / GFA = Cost Per Square Foot
The more costs you have associated with auxiliary structures and design choices, the more cost per square foot your home will be.
So, design the building of your dreams, have fun. For most people, designing and building your own home is a once in a lifetime experience. Use cost per square foot as an initial reference point only. Then focus your time on developing a workable Construction Cost Budget which meets your family’s design, aesthetic and financial needs. You don’t pay in cost per square foot… you pay in real money!
1.) Land, Interest carry and Legal costs
2.) Site Servicing & other Soft costs – Includes but not limited to surveys, permits, insurance, consulting fees, development fees, connection fees, utilities (i.e. hydro, gas, telecom), sanitary & water systems, site clearing, driveway, landscaping, demolition, blasting, furniture, appliances & special decorating costs
3.) Estimated Construction Costs – Includes all the costs from the foundation to the roof, as well as all the costs to finish the inside of your home… ready to move in.
THESE 3 ELEMENTS = TOTAL PROJECT COST
We promise to provide you with a unique custom timber frame home that’s designed to be constructed with a high level of timeline and budget predictability. It’s our goal to not only work with you to create a stunning timber frame home that’s perfect for you and your family, but also to ensure that the entire process from design through construction is as simple as possible for you.
Understanding that there are many factors that will affect the cost of building a custom home, we know that having a realistic budget in mind is crucial when planning to build your dream home.
To give you an idea of real construction costs, below you can have a look at the actual costs of four projects, along with a breakdown of some of the key cost-affecting choices that these Normerica homeowners made when designing their custom timber frame homes