Cost to Build a Custom Luxury Home on Your Lot in Denver

What is the Average Cost Per Square Foot to Build a Custom Home on Your Own Lot in Denver? 

The average cost per square foot of building a house in Denver is based on materials, labor costs, and each home's location. This price can increase substantially depending on the level of customization, the quality of materials, and the complexity of the design. As you move into luxury custom homes, the cost per square foot starts at $600 or more, particularly if you want to incorporate high-end finishes, unique architectural details, or state-of-the-art systems. The benefit of building a custom home is that you choose what goes into it, and your choices influence the overall cost per square foot.

Factors Impacting the Cost of Building a House in Colorado 

We've identified four factors that impact the overall cost of building a house in Colorado on your own lot. You might be surprised by one or two of them. Every home-building journey is different, and the various factors will impact each budget differently. Our services give you a glimpse into the possibilities.

1. Site Preparation

You might think all your land costs are covered if you already own land. However, site work is still a line item that needs to be factored in. Depending on your property, site preparation costs can range in the tens of thousands.

Site preparation involves clearing the land, grading it, and ensuring it is suitable for construction. Working with an experienced Denver custom home builder like Sheffield Homes ensures that potential site challenges are identified early in the process, helping you avoid surprises and manage the cost of building a house.

2. Design

The absolute beauty of building a custom home is designing one individualized to your needs, preferences, and lifestyle. However, as with any area, Denver-area homes face particular considerations. The nuances matter—from the windows' locations to the driveway's orientation. These details, alongside your home's layout and intricate features, can affect the overall cost of building a house in Colorado.

In high-end newly built communities in Winter Park, an open floor plan with vaulted ceilings and expansive windows might cost more to design and build than a traditional layout with standard ceiling heights. 

3. Materials

The type and quality of materials you choose will significantly impact the cost of building a house in Denver. High-end materials such as custom cabinetry, stone countertops, hardwood floors, and energy-efficient windows naturally cost more than standard options. If you’re considering building in a high-end new-build community in Winter Park or Denver, these premium materials will also align with the area's overall luxury standard.

4. Market Conditions

The cost of materials can vary depending on market conditions during construction. For instance, if certain materials are scarce or supply chain issues arise, the cost of building a new house may exceed expectations.

Unexpected Costs of Building on Your Lot

While building a custom home on your lot in the Denver area is an exciting prospect, keep a dose of reality in your pocket, as unexpected costs can inevitably arise during the construction process. We've compiled a list of a few of the most common examples but always speak to your builder about your project-specific concerns and any issues that may arise.

1. Changes and Upgrades

Perhaps you saw the perfect countertop with a detail you loved, or maybe you completely changed your design concept altogether. As construction progresses, you may change or upgrade your original plan. While these adjustments can enhance your home, they will likely increase its overall cost. As an experienced Colorado custom home builder dedicated to concise project timelines, we design your home around your unique needs and preferences and like to establish those early on.

2. Delays

Colorado's exciting high-elevation weather changes, unforeseen labor shortages, or supply chain disruptions can cause delays in the construction timeline, leading to increased or additional costs for labor and materials. While we plan for timelines that allow for these surprises, sometimes delays outside our control happen.

3. Landscaping

The Colorado sky frames the houses we build, but landscaping gives your home that finished look you love. Unfortunately, many homeowners focus on construction costs alone and forget to budget for landscaping. Depending on your lot's size and the scope of your landscaping plan, this can be a significant expense. Fortunately, our Colorado climate offers diverse forms of landscaping that can be scaled to your budget.

Investing in the Costs of Building a Home in Colorado

Colorado's access to nature, relaxed atmosphere, and near-countless days of sunshine attract people from all parts of the country. Your costs to build a home in Colorado are an investment in a lifestyle that can't be matched—not to mention the priceless, unparalleled views of nature. From high-end communities to homes built on the ideal plot of land, dreams come true here. You're not just building a home; you're building a lifestyle. 

Your Denver Custom Home Builder

As a Denver custom home builder who has watched the landscape (proverbial and literal) change, we know how vital beauty, attention to detail, and the highest caliber of client service are to you. Not all custom home builders in Denver are built the same. Our custom home services give you countless options to design your dream home while working within your budget. Whether you want to buy and develop right in Denver or need a high-end custom home builder in Winter Park, we design and construct an ideal home for you.

Building Your Luxury New Home

Owning land in this beautiful, growing state can make you feel like the sky is the limit when building a custom home. However, an experienced custom home builder will walk you through the various factors and costs involved in building a home on your own lot. At Sheffield Homes, we work with you to keep you apprised of the different costs and factors involved. By understanding these factors and working with a reputable Denver custom home builder, you can create a home that fits your budget and fulfills your vision of living in a region that gives you access to both the mountains and city life. 

Reach Out

Contact us today to see what we can build for you. Your dream home awaits!