There's no question that a custom luxury home costs more to build than an average home. The real question is by how much, and the answer depends on several factors: location, the cost of the lot itself, architectural style, the size of the home, and the finishes you choose throughout.
Today, a custom home built by Loudermilk Homes typically ranges from $3 million to $14 million or more, averaging around $5 million. In the Atlanta market, that generally works out to $450 to $800 per square foot. In Cashiers and Highlands, where materials and labor carry a premium, that range runs higher, typically $700 to $1,000 per square foot.
The final cost of your home depends on your specific plans and the features you choose. Here are six factors that most affect the price of a custom luxury home.
1. Location
Land cost varies widely depending on where you build. A premium intown lot in a desirable neighborhood can run $500,000 to $1 million or more on its own. If you need help finding the right lot, our sister company, The Loudermilk Group by Roane, can help you find a location near the schools, shopping, and dining that matter most to your family.
2. Size and Structure
Building with high-quality materials and skilled craftsmanship is what creates lasting value in a custom home. The overall size, style, and level of detail all affect cost, and choices like a finished basement or bonus rooms over the garage add both cost and long-term value.
3. Design and Planning
Architectural and design services are a meaningful part of a custom home's total cost. As both architect and builder, we're able to move faster through changes and revisions than a typical outside architectural firm, since the same team handles both design and construction.
4. Finishes
High-end finishes, top-of-the-line appliances, quality flooring, custom cabinetry and millwork, and premium countertop materials like marble, are what make a luxury home feel distinctly yours. We'll work with you to choose selections that reflect your style while staying within your budget.
5. Exterior
Your home's exterior materials carry their own cost profile. A sleek, modern facade with glass and metal accents is priced differently than a traditional brick or stone exterior, and we'll help you weigh those options against your overall vision and budget.
6. Fees and Permits
A strong builder handles the less visible parts of a project too: permitting, architectural committee and HOA approvals, site preparation, tree removal, and the fees that come with each. Experience here can save real time and prevent costly surprises.
Build With Loudermilk Homes
At Loudermilk Homes, we understand your home is your sanctuary, and we work to create a space that reflects your family and the way you live. Whether you're planning a sprawling estate or something more intimate, we'll help you build a home that fits.
When you work with us, you're not just working with a team of builders, you're working with a family. We bring the same care and attention to every project that we'd want for our own homes.
Ready to get started? Contact us today, or explore our architectural styles for inspiration.
