Project Planning Guide

Visit the other sections of the Product Planning Guide for detailed information on the process of building a timber frame and valuable tips to consider as you get going.



Cabin Creek Timber Frame HomeJust like building any custom structure, it is important to give the budget for your timber frame project some careful thought in advance. Preparing the budget will help set the parameters for your design, in addition to helping you through the financing process if you plan to borrow money.

What to Include in a Budget

Your budget should include the cost of the timber frame plus the full range of amenities needed for your completed project. Timber frame homes in our area can cost from $130 to $400 per square foot depending on the appointed options.

Elements to consider as you get started on your budget include:

  • Timber frame
  • Land
  • Well
  • Septic system
  • Grading or roadwork on the property
  • Lighting
  • Home appliances
  • Cabinetry and countertops
  • Financing

Establishing a realistic budget will make the process of acquiring financing through a bank or mortgage company much smoother. We recommend that you always talk to several lenders about the terms on construction loans to compare benefits. For example, lenders in our area often use borrower-qualification ratios to determine how much they will be willing to loan you for your project. Our local banks may qualify you on a percentage of your monthly income or a percentage of your debt load. As a result, the amount you can borrow will vary widely between lenders, and it is wise for you to do your research before committing to a lender.

Once you get started talking to a lender, you can use an online interest calculator to help you understand the cost of the project over the long haul. To use the calculator, make sure you have information from the lender available, including the interest rate quoted, the term of the loan in years, and the total amount of the loan.