We dive into the realities of construction costs and why Google's estimates rarely match what you'll actually pay for building or remodeling projects.• Builder-grade new construction currently starts around $180-185 per square foot, with custom builds at $200+ per square foot• Labor shortages in the trades have dramatically increased costs for plumbers, electricians, and HVAC work• Material selections can quickly blow budgets when homeowners choose premium finishes without understanding cost implications• For new homes, buying existing properties offers the most space for your money, while custom building is most expensive but provides exactly what you want• Remodels fall in the middle cost-wise but require a 15-20% contingency fund for unexpected issues behind walls• Barn dominiums can offer some savings on shell construction but aren't necessarily the budget solution many think• Financing for barn dominiums has improved but appraisal challenges remain due to limited comparable sales• Budget transparency is crucial—account for "soft costs" like permits, design fees, and site necessities• Setting and communicating a firm budget ceiling helps maintain good relationships with your design and construction teamGet pre-approved and establish a realistic budget before starting your construction project.

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