K
Kilpatrick P
SoWal Guest
There are two ways to price your new home; the“cost-plus” method or the “stipulated sum” method. What’s the difference? The “cost-plus” approach is an educated guess and does not accurately reflect the actual cost to build your home. Homeowners often prefer the “stipulated sum” method, which reflects more accurately the actual costs. You will usually be given a “stipulated sum” price for the cost of building your new home. This is a total price; no surprise, hidden costs that you won’t know about ahead of time when possible.