Estimating the cost of building your new home is not hard to do, if you know exactly what your wanting in your new home. When I say exactly I mean everything that the builder will need to buy and install. So do you think you could think of everything? probably not, so your estimate will need to have itemized categories with subcategories and some of these categories or subcategories will need budgets assigned to them because the price could vary based on what type of material or item you choose. For example carpet or flooring would be a good budget category because there are so many types of flooring and at the time of estimating if you don’t know exactly what type of flooring you want in each room then its best to put a budget on it and try to stay within that budget when you decide.