Before building any home, especially a home that is not considered conventionally built, you should do your research. There are so many variables and so many options. Not only will you need to determine the style and size, but the cost. These factors all work together.
It’s easy to be caught up in the “cost per square foot” game. You figure, “okay, I can spend $600,000, so I can have a 3000 square foot home at $200 per square foot”. Not always. You can have a larger home if it is simple in style and if you keep your finishes within the “medium quality” range. You can spend the same amount to build a very small home with lots of corners, a complex roof, and high end finishes. Whether you opt for a rambling ranch single story home or a story and a half on a finished basement will make a huge difference in the cost to build.
The cost should be carefully calculated based on your needs and your budget. I was recently at a seminar and the speaker mentioned the “What do you want to spend? What could you spend if you pulled out all of the stops? and finally the “What are you willing to spend?” equations. The reality is we will always want to spend less, be able to spend more, but are willing to spend an amount somewhere in the middle.
There will be trade-offs. You will have to compromise. Size, unless you want a McMansion on a Cottage in the Woods budget, will probably be the least important factor. That 300 or 400 square feet won’t break the bank. The style (lots of corners and cornices, lots of dormers and gingerbread) will be a far greater determining factor.
Be realistic. There are things you can economize on and places you shouldn’t even consider cutting your budget. You can have great floors without busting the bank, but your windows should be the best you can afford.
Don’t believe that if you cut out a few hundred square feet you are going to save a bundle. That kitchen you want will cost the same in a 2500 square foot home and in a 3000 square foot home. You will still have “x” number of bathrooms.
All in all, budgeting for a timber frame is just like budgeting for any other home. You either feel that spending a little more to have a home that will stand the test of time, that will wow everyone who walks in the door, that will save thousands in energy costs is well worth the extra money spent, or you don’t.
Keep thinking about “willing to spend”…not “want to spend”.