Understanding the Cost of Building a New Home

At Elliott Homes, we understand that building a new home is not only a major financial investment—but also an exciting journey toward your dream home. As a trusted home builder in the Sacramento, Phoenix and Yuma areas, we strive to make the home building process as smooth and transparent as possible. With a century of experience, we believe in empowering our homeowners with the knowledge they need to make informed decisions throughout the process. In this blog, we’ll guide you through the various costs involved in building a new home, ensuring that you feel confident and well-prepared every step of the way.

Land and location costs

The first major factor to consider when building a new home is the cost of land. The price of the lot can vary significantly based on the location, size and desirability of the area. For instance, land in a thriving urban community in Sacramento or Phoenix will typically cost more than a plot in a suburban or rural setting. Additionally, certain areas might have higher development fees, which can impact the total cost of the project. At Elliott Homes, we offer a range of communities in some of the most desirable locations throughout Sacramento, Phoenix and Yuma—ensuring that you can find a lot that suits both your budget and lifestyle.

Construction costs and materials

The construction phase of building your new home is often the largest cost component—including everything from labor and materials to architectural plans and permitting fees. The cost of materials can fluctuate based on market conditions, which is something to keep in mind when estimating your total expenses. The type of home you choose to build—whether it’s a single-story, two-story or a more custom design—will also affect construction costs.

At Elliott Homes, we work closely with trusted suppliers to ensure that you receive high-quality construction at competitive prices. We also take care of the permitting process, so you don’t have to navigate the complex regulatory landscape on your own. Our team is dedicated to delivering homes built with precision and care, monitoring the completion of each step to ensure your home is crafted to the highest standards.

Customization and upgrades

One of the greatest benefits of building a new home is the ability to customize it to fit your personal style and needs. At Elliott Homes, we offer a variety of floor plans and design options to give you flexibility in how you envision your space. Whether you’re looking for upgraded countertops, custom cabinetry or advanced features, these choices can influence the final cost of your home.

We believe that your home should reflect your vision and lifestyle, and we are here to guide you through the personalization process. Our team will work with you to determine which upgrades are essential for your needs and which options align best with your budget.

Financing and closing costs

In addition to the physical costs of construction, you’ll also need to consider the financial side of the process. Securing a mortgage, interest rates and closing costs are key factors in determining the total expense of building your home. It’s important to work with a lender who understands new construction financing and can guide you through the loan process. Closing costs can include fees such as title insurance, appraisal costs and taxes—so it’s essential to factor these into your budget.

At Elliott Homes, we have established relationships with reputable lenders who specialize in new home financing. Our team can help you navigate the financing process, ensuring you understand all associated costs and feel comfortable with your financial plan.

The Elliott Homes commitment

Building a new home is an investment in your future, and we want that investment to be as rewarding and stress-free as possible. At Elliott Homes, we are committed to making the home-building process transparent, efficient, and enjoyable. Our experienced team is here to guide you from the initial selection through the final walkthrough of your new home, ensuring that every detail is handled with care and expertise.

Whether you’re building in Sacramento, Phoenix or Yuma, our goal is to deliver a home that meets your needs and exceeds your expectations. We believe in clear communication and are always available to answer your questions or provide insight into any part of the process.

Start your journey with a trusted builder today

Understanding the cost of building a new home can feel overwhelming, but with the right guidance, it becomes an exciting opportunity to bring your vision to life. At Elliott Homes, we’re here to support you every step of the way, offering our expertise and commitment to quality. Whether you’re exploring land options, selecting materials or finalizing your financing, we’ll ensure that your new home journey is as smooth and informed as possible. Let us help you build the home you’ve always dreamed of in one of our beautiful new home communities in Sacramento, Phoenix or Yuma—give us a call at (866) 984-1300 or fill out our online form today.