How Much Does It Cost to Build a Boutique Farmhouse or Family Resort?

Building your dream boutique farmhouse or family resort involves several cost considerations. Here’s a guide to help you estimate your expenses accurately.

7/10/20241 min read

Understanding the Costs

Building your dream boutique farmhouse or family resort involves several cost considerations. Here’s a guide to help you estimate your expenses accurately:

Step 1: Use a Cost-to-Build Calculator

Start with a simple cost-to-build calculator to get a rough estimate. These calculators typically consider location and square footage, giving you a preliminary idea of the potential costs.

Step 2: Research Local Construction Data

Analyze recent sales data of new constructions in your area. Look at properties built in the past 1-3 years, and compare their square footage, final sales price, and raw land price. This will help you determine the average cost per square foot in your region.

Step 3: Obtain Bids from General Contractors

Once you have a rough estimate, contact multiple general contractors for detailed bids. This will give you a more accurate picture of your building costs. Ensure you get multiple quotes to compare and choose the best option.

Final Steps: Secure Financing

After determining the feasibility and estimated costs, explore financing options to fund your build. Consult with financial advisors and lenders to find the best financing solution for your project.