Our family has been building homes in the Rochester area for more than 50 years. In fact, we’ve built more than 3,000 homes in that time. Each home and build is as unique as our clients, but there is one question potential homeowners have asked us every single time: “How much is this going to cost?”
Although price is certainly a key factor when you’re buying a new home, you’ll also need to consider your lifestyle, family size, and hobbies when making your decision. That's the whole point of building a new home. You get to ensure it's hand-selected to work for you
With that said, we’re actually kind of glad when someone asks us that question up front because anyone who jumps into the home-building process without considering the cost is probably headed for trouble. Talking about the cost of building a home is a reasonable and responsible thing to do—and we’re happy to do it.
Many folks begin their journey to their new home by deciding between buying an existing one and building a new home. There are several angles from which to make this decision, but the primary focus of this blog is cost, so we'll focus our discussion here. Realtor.com reports a median sold home price of $169,900 in the Rochester area. Since that figure is just an average, your house may cost more or less. The price you’ll pay for an existing home in Rochester varies depending on several factors, including:
When prospective homeowners ask about the cost of building a new home, many of them do so in terms of the cost per square foot. The national average for building a home (aside from the lot itself) is between $285,956 and $460,414 but this varies from your personal customizations. Our pricing at Gerber runs approximately from $200 per square foot. In association with site development, this is extra and can range from $25,000-$60,000 if you're building on raw land.
Why is there such a range? While several factors can enter into a home’s cost, for the most part, the difference in cost comes down to two main factors: The complexity of the home’s design and what materials will be used.
Need a construction loan? Learn more about your financing options for a new home in the Finger Lakes here.
Construction material prices play a huge part in your overall cost. The price of construction materials is expected to rise at a slower, steadier pace than during the spikes we saw in the COVID era, but costs for construction materials are not expected to all. If you're waiting for a lower price on your materials, you may be waiting indefinitely.
There is one other area that can cause homebuilding prices to vary: Customer-requested changes. It’s not wrong to request changes after you've made your selections, and it doesn’t have to be overly expensive. But making a lot of changes—particularly after construction has started—can drive the cost of your home up. Here’s a helpful article about how to control cost creep when building your home.
Here are some of Gerber's fan-favorite floor plans. We'll show you around each one so that you can start to narrow down the elements you're after and learn how to evaluate the salient details in a proposed floor plan.
If you’re looking for a home to accommodate your growing family, The Buchanan is an excellent choice. Pricing for the 2,583 square foot home begins in the mid $300s (plus fees for the lot and site work) and includes four bedrooms and 2.5 baths. The first floor features a large foyer, a spacious kitchen that opens to the great room and dining area, and a separate study. A generously sized master bedroom suite includes a huge master closet, luxurious bathroom, and comfortable sitting area.
Have you ever toured a new home and noticed that the primary bedroom suite ate up nearly all the space on the second floor? That’s certainly not the case with The Buchanan. Secondary bedrooms are 12’ by 12’ or larger and provide plenty of room for your kids or guests to spread out.
Are you planning on living in your new construction during your golden years? We offer a variety of single-floor homes that make it easy to remain in your home even if you face mobility challenges as you get older. The 1640-square-foot Boise is priced from the high-$200s (plus lot and site fees) and offers a large open kitchen and dining room, impressive great room with a fireplace and tray ceiling, two-car garage, first-floor laundry room, master bedroom suite with twin sinks in the bathroom, two additional bedrooms, and a second bathroom.
If you’re looking for the perfect home for entertaining, The Springwater just might be your first choice. Starting from the high $300s (plus lot and site work fees), the home’s public spaces are large enough to hold a crowd. At more than 13’ x 15’ feet, the kitchen offers plenty of room for multiple cooks and is open to the great room (18’4” x 16’) and the family dining area (13’4” x 14’4”). When you choose the finished basement upgrade, you’ll have plenty of room for a home theater, game room, or bar. The four-bedroom, 3.5-bath home also features a large, comfortable primary suite, first-floor study, and two-car garage.
When you're ready to start the conversation that ends in your dream home, we'd love to talk to you. Gerber's ready to put our decades of experience and impeccable skills to work for you. Let's create your dream home in Rochester, NY together!