At Perkinson Homes, we understand that one of the biggest questions families in Richmond ask when considering a custom build is: “How much does it cost?” The truth is, there’s no single number. Costs vary based on location, materials, and design choices. But with Virginia-specific ranges in mind, here’s a realistic guide to what your money gets you when building a custom home in 2025.

Value-Focused Custom Homes ($150–$200 per sq ft)

At this level, homeowners can expect a well-built, thoughtfully designed home that’s tailored to their lifestyle, but without extravagant finishes.

• What You Get:
  
  • Solid construction with quality builder-grade materials
    
  • Functional layouts with three to four bedrooms
    
  • Standard finishes like laminate countertops, vinyl plank or carpet flooring, and stock cabinetry
    
  • Some energy-efficient upgrades, though fewer luxury features
    

These homes are ideal for families who want to personalize their space without stretching their budget too far.

Mid-Range Custom Homes ($200–$325 per sq ft)

This is the most common range for custom homes in Richmond. It strikes a balance between personalization and luxury.

• What You Get:
  
  • Larger footprints with open-concept layouts
    
  • Higher-quality finishes like hardwood floors, quartz or granite countertops, and semi-custom cabinetry
    
  • Specialty rooms such as a home office, bonus room, or screened porch
    
  • Energy-efficient windows, smart-home features, and improved insulation
    
  • Enhanced exterior details such as stone accents, upgraded siding, or outdoor living spaces
    

At this range, you can begin to see your personality reflected in every detail—your home feels distinctly yours.

Luxury Custom Homes ($325–$500+ per sq ft)

For those looking to create a one-of-a-kind living experience, luxury homes provide the highest level of design, materials, and craftsmanship.

• What You Get:
  
  • Expansive layouts with soaring ceilings and architectural detailing
    
  • Top-of-the-line finishes such as custom cabinetry, designer lighting, and imported stone
    
  • Fully customized specialty spaces—wine cellars, home theaters, spa-inspired bathrooms, or chef’s kitchens
    
  • Seamless indoor-outdoor living with covered verandas, outdoor kitchens, or pools
    
  • Advanced smart-home technology, premium HVAC systems, and high-performance building materials
    

Luxury homes aren’t just about size—they’re about elevating everyday living with spaces designed to impress and endure.

Other Costs to Keep in Mind

In addition to square-foot estimates, homeowners should budget for:

• Land acquisition: The lot itself can significantly affect your total investment.
  
• Site preparation: Grading, utility hookups, and permits vary by location.
  
• Contingencies: A 5–10% buffer helps account for unforeseen costs.\

Building Confidence with Perkinson Homes

The right budget depends on your vision, lifestyle, and priorities. At Perkinson Homes, we work closely with families in Richmond to help them understand costs up front and design a home that blends beauty, function, and long-term value. Whether you’re planning a modest family retreat or a show-stopping estate, our team is here to guide you every step of the way.

Ready to Start the Conversation?

Your dream home begins with a clear plan—and the right partner. Let’s talk about what’s possible within your budget and how we can make your vision a reality.