The city of Colorado Springs is situated at 6,035 ft elevation is a city of Colorado. This is at the Rocky mountain’s eastern foot. At the Pikes Peak glacier-carved, this city lies.
Colorado Springs is known for the mountain views, the garden of the Gods Park, Cave of the Winds mountain park, the Broadmoor seven falls, and red-sandstone formation.
The cost of living in this city is a little higher, but you can cut the cost of utilities and food. As compared to the Mile High cities, the 31.1% lower is the housing cost of Colorado Springs.
This city has beautiful weather, a healthy economy, and majestic mountains, and this is one of the most breathtaking US cities.
In Colorado Springs, you can set your mind to spend around $150,500 to $450,500 to build a custom house. The average cost to build a house in 2.5 to 5 acres area you can expect to spend approximately $225,500 to $350,450 on average.
Depending upon the local labor cost, material cost, and land cost, the cost of building a house may vary from area to area. In Colorado Springs, $155 to $255 per square foot will cost to build a 2000 square foot house.
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Influencing factors Costs to build a house In Colorado Springs
Materials, labor, style, size, finishing are the most influencing factors to construct a house. The more money you are ready to spend, the larger the house. Complexity and design will play an important role in building a house.
You have to keep in mind some other things: engineer fees, permit fees, architectural fees, installation of utilities, driveway installation, septic, well, and labor cost. Sometimes landscaping is also necessary, but not in all cases.
Landscaping Costs to build a house In Colorado Springs
In Colorado Springs, home builders don’t include the cost of landscaping in the total budget of construction all the time. Therefore, this cot may or may not be included. If you want to add landscaping costs to your expenses, you can discuss it with your builder at the beginning.
Lot or land Costs In Colorado Springs
When you are mentally ready to build your own house, choosing the land location in your budget is the most difficult thing. If you are unhappy with the design of the house, you can add something or renovate it, but in the case of the lot, you can’t help it. So choose wisely and do some research before.
Depending on the unique features, location, and size of the lot, the cost will vary. Most of the lots are owned by developers and home builders in Colorado Springs in the larger community. Therefore, 1acre to 5acre is the average lot you can find to build your custom home.
Fencing cost In Colorado Springs
Fencing is an optional process. It will vary depending upon the amount and quality of the material used. In Colorado Springs, As per the estimation of Home Guide, $12 to $27 per linear foot is the average cost for wood fencing. $14 to $30 per linear foot can be the cost for vinyl fencing.
Site preparation Cost In Colorado Springs
Sewer, removing the trees on your land, removing the electric lines extended to the land, site work if needed, and installing the septic system are the processes that come under the site preparation, which should be done before the construction starts.
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Extra expenses to build a house In Colorado Springs
If your land has beautiful views, you want to add a patio, deck, or porch for your enjoyment. This will increase the total budget.
If you’re going to add a studio, barn, or other things to your house, you should calculate these expenses into your budget at the beginning. If you want to add an extra room, you must pay approximately $49,000 to $68,500.
For building a garage, sunroom, kitchen, extra bedroom, or main bedroom, the cost per square foot will be around $110 to $350.
Finishing Costs to build a house In Colorado Springs
Another major cost influencing factor in building a house is the level of finish. Your desired quality of paint, type of floor, exterior, interior design are some budget influencing factors you should consider.
Architect cost In Colorado Springs
When you decide to make a custom home, you should know that design of the house is one of the most important processes. Therefore, hiring a good and experienced architect is most important.
Depending on the fame and work experience, the fee structure of the architect will vary. However, they can charge more than a million dollars.
On average, the local architects of Colorado Springs charge approximately 9.08% of the total construction cost. They will charge you $4 to $11 per square foot or $98.05 to $119 per hour.
Permit fees To build a house In Colorado Springsprings
Here are some estimated permit fees for Colorado –
- Wood siding – $116
- Asphalt shingle roofing – $137
- Stucco – $135
- Gas log installation – $42
- Replacement of water heater – $40
- Installation of water softener – $31
Is it a good choice to build a house or buy an existing house in Colorado?
You can’t estimate the building cost of a new house easily because there are so many cost influencing factors that can affect the final price. It takes time, but you can save time by buying an existing one, and you can buy that as it is.
But you should know that, by building your own house, you can customize it according to your choice, which is a great advantage. You can choose from bricks to every material, interior/exterior design, and location.
Conclusion
You can consider Colorado Springs a dream place to build your own home. For those people, who want to enjoy the mesmerizing nature views, live close to it, and want to avoid the city’s hassles, building a house in Colorado Springs is the best decision ever.
You should meet some experienced real estate professionals and contractors who can ensure your decision to build a house in the location you choose. Unfortunately, there are so many changes happening in the real estate market in Colorado after the pandemic. Still, the city recovered faster, and we can see a growth in their construction industry.
