Custom Home Building in Miami

Building a Custom Home in Miami: From Experts in Construction, Design and Finance!

In this podcast we delve into the world of Custom Home Building in Miami. I sit down with Luciana Fragali owner of Design Solutions, a luxury interior design and architectural firm, and Dany Sebaaly owner of Builcore Construction an experienced and luxury general constructor. As a team, we’ve collaborated on numerous successful projects, and now, in this video and blog, we’re here to address the common questions you often ask about custom homes, sharing our expertise and insights. If you are looking to build a custom home as an end user or as an investor, hopefully, this article served as a good intro. Please do not forget to read my conclusions at the end of this article.

We address:

• The Costs of Building a Custom Home
• Timing to build a custom luxury home in Miami
• The Process and Timeliness
• Three Main Recommendations
• Conclusions and Advantages of working with us

What Does Custom Home Building Cost in Miami?

Building a brand new home in Miami, especially at the caliber of DS-Miami and Builcore, comes with a starting point of $650 per square foot. Please note, that this is based on the gross square footage, not just the air-conditioned space. This comprehensive rate encompasses everything, from tiles and lighting to millwork and flooring, ensuring a fully finished home. The minimum cost per square foot is $650, but it can certainly climb to $1,000 per square foot or even higher.

Custom homes demand a higher investment per square foot, but the ultimate result and value derived from these homes are unquestionably worth it, as they tend to command significantly higher selling prices. While custom homes do carry a higher per-square-foot price tag, as a realtor, I am committed to providing guidance on what makes financial sense. I can provide insight into market caps and the estimated selling price of a home with the finishes you desire. I’m transparent and won’t encourage you to overspend. As an agent, I will tell you what will be the ceiling to spend. We want you to build a home that you love and can sell with a profit once you are ready to move on.

Is this the Right Time to Build a Custom Home in Miami?

The Custom Home Building Process

How long does it take to build a custom home?

Three Final Recommendations From Each Expert

Interior Design: It’s important to manage your expectations when it comes to interior design. Many buyers come in with a lot of inspiration and Pinterest pictures, which is fantastic if you know exactly what you want. However, there’s a distinction between knowing your preferences and being willing to invest in them.  I’ll provide you with an honest estimate, and then you can decide if it aligns with your desires. Often, buyers opt for the lowest quote, only to discover that timelines and costs unexpectedly escalate.

General Contractor (GC): Selecting the right team is crucial in custom home building. Look for a team with a strong track record, and good teamwork, and check their references for punctuality and budget adherence. High-end home projects require skilled labor, which can be challenging to find in Miami. Successful teams use in-house workers instead of subcontracting. Buildcore, for instance, handles everything internally, with employees on their payroll, giving them a competitive edge.

From the Realtor’s perspective: Understanding the economic context is essential. Ensure that the location you choose can support the type of property you wish to build. In gated communities, you have more flexibility to go all out. These areas have limited supply, and therefore  the potential for property appreciation is high. Quality homes in these markets tend to break records due to the elevated standard and demand for excellence. Cutting corners is not advisable when constructing high-end custom homes; people are willing to pay for quality. Quality supply is limited, and well-done homes consistently attract potential buyers.

Start Looking for Land to Build Your Custom Home!

Advantages of working with us as a team

• You will get the best land possible, we know the values, we know where the market is heading and we go off-market to find the best deals.
• We know the city rules in different parts of town when it comes to building a home and can advise you on that.
• You will not be forced into overspending on a custom home that is not in line with predicted sales prices in the area
• We work as a tide-knit family so the team gets together early in the process
• We will provide you with clear timelines and transparent, accurate budgets. No surprises along the way.
• We know the pitfalls and risks in the process and know how to avoid or manage them
• Builcore has expedition managers who are familiar with working the city’s bureaucracy and know how to get your permits in the fastest possible way
• We have our own team of designers and builders, and everyone takes responsibility for his/her job.

Main Takeaways of this Article / Summary

• Use a professional to buy land that fits your lifestyle and that can give you insights into property values in the area.
• Land is extremely scarce these days so look for a realtor that offers an off-market portfolio or is willing to scout off-market opportunities.
• Bring in a professional before you close on a property. You really want to know the costs and timelines of renovating a home before you sign the papers.
• Introduce all three parties (Design, GC, and Architect) at the start of the process to avoid delays and additional costs.
• Choose the parties with the best track record that are willing and capable of seamlessly working together.

Schedule a Meeting with David and Partners about Custom Home Building in Miami

Please contact us about building a brand new home inMiami. We can have a zoom meeting with all parties involved and walk you through the process.