How to Budget For Your New Timber Frame Home

One of the first things people think about before building a new timber frame home is “how much can I afford?” Many things affect the budget including site work, the design of your new home, the wood species you choose for the timber frame, choice of windows, and what materials you choose to finish your house.

There are a few big budget items that people do not typically think about when planning for their new timber frame home. One of the biggest factors people do not think about is their site. It can be very costly to prepare the site for your new home, however, it all depends on the complexity of the site. Does your property have a lot of boulders and trees to be removed? Or is your site already cleared?

The design of your new home can also impact your budget. The more complex the timber frame structure is, the more expensive it will be. For example, a Hammer Beam Truss timber frame system frame is more expensive principal purlin frame.

Also the more windows, gables, dormers and corners in your new homes design will have an impact on the overall cost. For example, a colonial style home with no dormers will cost less than a custom two story home with multiple dormers and extensions. Another thing to consider when budgeting for your new home is deciding on whether or not you want a finished basement. Using the finished basement as living space can lower your cost per square foot.

A typical timber frame package includes the exterior shell of the home (timber frame, Structural Insulated Panels, windows, doors, siding, roofing, and trim), and is only one part of the house, the exterior shell. The following are some other factors you will have to consider:

• What kind of heating system do I want?

• What kind of siding will we have?

• Will there be a fireplace?

• What kind of flooring will be used and where?

• What type of kitchen cabinets and appliances do I want?

• Am I going to build a garage right away?

How do you go about establishing costs that fit into your budget? First, interview local custom builders. Begin by consulting acquaintances who have built custom homes or check with your local chapter of the National Home Builders Association. Your builder will help you establish costs for all areas of the house.

Next, prioritize the rooms according to your main focus. For instance, most timber frame homes highlight the Great Room. And, if you’re an aspiring Chef or plan to do a lot of entertaining, the kitchen will also be a big focus. Look at those areas first and choose a timber frame system that enhances those areas but stays within your allowance for those rooms. Next work with your builder to establish a budget to work within. Then you can determine how the rest of the house can be finished to stay within your budget.

If your budget is tight, consider a hybrid system, combining timber framing with conventional stick frame construction for other areas of the house. Your builder can also recommend appliances, flooring, and finish materials to help you stay within budget.