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Cost to Build a Home in Summit County

When evaluating the cost to build a home, there are a lot more things to take into account than just the size of the home.

The Land

Vacant land is the first cost to buildI’ll start with the cost of land. You can expect to pay anywhere from $100,000-$1,500,000 for a lot to build on in Summit County. Most lots in the county are in the half acre to 1 acre size range. You can find larger lots but will pay a premium for them. In the higher price range you can also be paying for convenience, whether it’s ski in/ski out or within walking distance to other amenities like shops and restaurants. In 2013 the average sales price for a piece of land in Summit County was $324,000. In the first nine months of 2018 that average has risen to $404,531. It’s worth mentioning to buyers that lots that are really steep or in or near wetlands may need special attention. Even if the lot price is low, the location and potential excavation, water, sewer or well and septic installation costs may run the price up. A reasonably priced lot may wind up costing a lot more to develop.

Home Design

Once you have a lot picked out you can start with the design of your new home. This will include architectural and design cost that can range in the ballpark of $10,000 – $45,000 depending on the home. A Structural Engineer could add another $2000 – $10,000. You’ll have building permits to pay for, either through the county or town depending on the location of your lot. If you buy a lot with city water and sewer you can expect to pay a tap fee of $5000 – $15,000 or more for each. If your lot needs to be on well and septic starting costs can be in the $10,000 – $20,000 range for each but can easily go up from there depending on your lot.

Construction

Construction is another cost to buildWhen you get to the actual construction current costs are in the $300 square foot range for an average size home with more basic finishes. The cost can certainly go up depending on the size and high end features you would like to add to the home.

Time

You must also consider the time involved. Excavating can only happen when the ground is not frozen. Depending on your location and extent of the project, permits can take weeks to get. Contractors can have projects lined up well in advance. A good, local, general contractor can handle all of this for you. Just be aware that it may take longer than you are anticipating to complete your brand new Summit County home.

This is meant to give you a basic idea of the cost to build a new home in Summit County. If you are interested in building, it’s a good idea to have an actual lot or location in mind. We can then put you in contact with some local builders. They can discuss the type of home you’d like to build as well as provide you more detailed information about the current cost to build a home in Summit County.

This post was updated on January 3, 2020.

Posted in: New Construction Tagged: Building, cost, Land

Comments

  1. Cody Gale says

    April 17, 2020 at 5:16 pm

    Thank you for the useful info! Very helpful.

    Reply

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

Jason used amazing strategy for pricing, selling and acquisition of our next property. In this market this strategy is critical for success – especially with the buying process. Summit County real estate is a challenging market. We have bought and sold two properties and just bought our third. Jason and Meredith have been there for Continue Reading

Ben from Centennial February 2, 2022

You were very knowledgeable and supportive during this transaction. I was most impressed with your calmness and smart decision making during a chaotic process. Thank you again for your calmness during all of this.

Barbara from Centennial January 24, 2022

home in Breckenridge

We were very impressed with your professional skills, timely communication, and excellent listening skills. We felt you cared about us and our success.

Frederick from Colorado January 24, 2022

Living room in Dillon condo

(I was most impressed that they) Kept us informed through it all and helped navigate the things that needed to get down in a timely fashion. Also really appreciated help getting people to do some of the things done around the house.

Kate from Ft Collins November 4, 2021

House in Hamilton Creek

You guys did an exceptional job for us and went the “second mile” in many ways. We were most impressed with Pro-active and involved interaction with us and everyone in the process. Your team was exceptional. Recommended many things for us to do, and then helped us do them. Followed up,, checked in, and helped Continue Reading

Warren & Sue from TX August 12, 2021

Treehouse condo

Over the years we have bought and sold over 30 pieces of property and this was one of the most efficient and painless processes. Service and attention was A-perfect!

Jack from FL August 9, 2021

Gateway condo in Keystone

I very much enjoyed working with both Meredith and Jason, they really focused on our needs and questions. Their knowledge of the Summit County Area was worth its weight in Gold. Thank you guys!

Glen from GA July 27, 2021

sale of house

We were most impressed with your good judgement and advice on everything. Thank you for navigating us through the sale of our house.

David & Cecile from Boulder July 14, 2021

Copper Mountain Ski Resort

Great service- more forward leaning than previous realtors Most impressed with follow up, knowledge of local market, going the extra mile on document review and getting HOA questions answered. Good advice on price point, patience, and negotiations. Understandably you aren’t always available to look at properties, but in the crazy COIVD market there was one Continue Reading

Holly from Colorado Springs June 14, 2021

Most impressed with the dedication to getting the best deal for us! Exceptional service, skilled negotiators, truly worthy! I wouldn’t consider hiring anyone else. Thank you Meredith and Jason.

Lloyd from Salida June 4, 2021

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Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com

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