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 team

Get pre-approved and establish a realistic budget before starting your construction project.