/Sheffield_Logo_Horizontal_Reversed.png){kind=logo}
The secret is out: Colorado is a magical place to live! With a booming real estate market comes a high demand for custom luxury homes, and as the Mile-High City grows, more people are buying and building in Denver. If you're considering building a custom luxury home in a community, you need to know what to expect. In this guide, we'll explore what you can expect regarding expenses, from lot prices to construction and community fees, while highlighting the benefits of choosing a lot in one of these burgeoning communities.
The Cost to Build a Luxury Home in Denver
Everyone wants to know what's on the price tag, and for good reason. Building a new construction home is a significant investment, especially when discussing custom luxury design. The cost varies greatly depending on your choice of lot, design, materials, and builder. Typically, the cost of building a custom luxury home in Colorado starts at $1.3 million and goes upwards, depending on the size of the home, design, and finishes. However, the price of your lot also needs to be added to this overall price. At Sheffield Homes, we offer various packages and customization options, helping you balance your budget with your dream home’s design.
Factors Impacting Cost
What factors impact the cost of building a luxury custom home in Denver? We've listed the main drivers below. Each project is different and will have variables attached to it. Here are a few constants you can expect:
1. Lot Prices in Denver
2. Cost per Square Foot to Build a House in Denver
3. The design and finishes
The size, design, and finishes in a custom home are the main drivers of the price. When you build a custom home, you choose the features and finishes that matter to you. Your home is an investment in your lifestyle, and your money works for you.
How to Choose the Right Luxury Custom Home Builder in Denver
Selecting the right Denver custom home builder requires careful consideration and a touch of gut instinct. Look for top luxury home builders with a strong portfolio of custom homes and working knowledge of Denver residential building codes.
Community Experience
If possible, interview multiple builders, check references, and visit some of their completed projects. A reputable builder delivers a home that exceeds your expectations and leaves you happy with the entire process. At Sheffield Homes, our custom home services are client-focused. We listen, take notes, and build your home based on your preferences.
Custom Luxury Homes in Denver FAQS
We're often asked a series of questions about building custom luxury homes on lots, such as:
1. How Do the Costs of Building a Custom Home in a Denver Community Compare to Building on a Private Lot?
Building within a community or on a private lot is one of the most significant decisions you’ll make. Both options have their advantages, but when it comes to cost, building in a community often proves more cost-efficient.
Custom homes in Denver built on private lots can quickly escalate in price due to additional expenses such as land preparation, utility hookups, and the need for more extensive infrastructure work. In contrast, many of these costs are already factored into the lot price or covered by the developer when building in a community.
2. What Are the Benefits of Building Within a Community When It Comes to Cost Efficiency?
Denver's new home communities have shared amenities and cohesive neighborhood planning that typically attract buyers, making homes in these areas more desirable and easier to sell in the future.
Additionally, the infrastructure in a custom home community is designed to support luxury living. The homeowners' association (HOA) maintains roads, utilities, and communal spaces, reducing the burden on individual homeowners.
3. What Community Fees or Regulations Could Impact the Total Cost of Building a Custom Home in Denver?
While building in a custom home community offers many benefits, it is important to understand the potential costs associated with community fees and regulations. New home construction in Denver within these communities often involves HOA fees, ranging from a few hundred to several thousand dollars annually, depending on the amenities and services provided.
These fees cover the maintenance of communal areas, security, and other shared resources but add to the overall cost of living in these communities. Additionally, communities may have specific building guidelines or restrictions that could impact your design choices or require additional fees.
Come Home to a Custom Home
Colorado offers a one-of-a-kind lifestyle that blends outdoor recreation, a thriving modern metropolitan area, and unparalleled natural beauty. This state has something for everyone, from Coors Field to the snowy slopes in Winter Park.
Imagine sipping coffee on a deck overlooking the Rockies at sunrise or entertaining guests in a home designed for indoor-outdoor living. With 300+ days of sunshine, your life in a new luxury home can include expansive windows, sunlit patios, and beautifully landscaped yards to take full advantage of the best of Colorado year-round.
Reach Out
Contact us today if you're ready to begin your luxury custom home journey.
