What Goes Into the Cost of a Luxury Home?

How much do luxury homes in cost in Edmonton?

There are many benefits of building your own custom home. You get complete control over functionality, aesthetics, features, and more.

Another added benefit of building your own custom home is that you don’t have to worry about any initial maintenance. Everything in the house is brand new. Maintenance for wear and tear can cost thousands of dollars – but with a brand-new home, you can rest assured that your appliances and other fixtures don’t have any wear and tear.

New custom home builds are also much more energy-efficient, saving you money on utility bills in the long run. Newer homes consume much less energy than older homes.

custom bathroom
luxury bathroom

How Much Do Luxury Homes in Edmonton, Alberta Cost?

Many things go into a new home build, including your desired features, budget, and other specifications. Here is everything you need to know.

These are just some of the costs associated with a new home build:

  • Land
  • Labor
  • Taxes
  • Design
  • Fees
  • Materials
  • Permits
  • Insurance

It’s difficult to say precisely how much it would cost to build a luxury home as many factors come into play during a home build. Here are some things to consider.


What kind of home do you want to build? Are there any added rooms or special features you want that could add to the cost of the home? Here are just some of the features to consider in a home build:

  • Design
  • Added rooms such as basement or garage
  • Added features including swimming pool
  • Plumbing fixtures
  • Windows
  • Siding
  • Flooring
  • Lights
  • Heated flooring
  • Home theatre
  • Homestyle or structure

There is no straightforward answer to how much a luxury home in Edmonton, Alberta, costs. Your custom home builder will consider all your needs and ensure the build goes as planned, and the home costs will depend on the final design requirements.

Other factors that go into a home build include:

  • Size: how big do you want your home to be? How big will your plot of land be?
  • Location: the location you decide on will have a significant effect on the cost of your home. For example, a luxury home built in the city would be more expensive than a building outside the city. 
  • Specifications: structural, finishes, and systems
  • Structural specifications: size, quality of materials, etc.
  • Systems: heating, ventilation, air conditioning, etc.
  • Finishes: flooring, doors, windows, etc.
  • Build site and inspection costs
Timber Haus is a custom house builder you can trust.

Today, more and more people are building custom homes. Creating your own home gives you complete control of the entire build, and it allows you the opportunity to engineer a home to your lifestyle.

If you are considering building a custom home, it is critical to hire a reputable custom home builder that can help you achieve your dream home.

Our award-winning Edmonton home designers team is here to help you build your dream home. We provide our clients with a trusted and reliable level of service. As a result, we can design an energy-efficient home that fits your needs and lifestyle while enhancing your overall life and well-being.

We will work with you every step of the way to build the home of your dreams.

Contact us today. We build homes we would be proud to live in ourselves. So let’s talk about your dream.

Did you enjoy this article? Here are three more just for you: