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- A Chavez
- Jun 10, 2024
- 1 min read
About INFINITE LEADS SOURCE Luxury Home Contractor Leads
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NATIONWIDE LEADS FOR THOSE INVOLVED IN LUXURY HOME CONSTRUCTION
Buying a home is a dream for many, but building your own house is another great option if you want to put your own personalized stamp on a forever home. But how much does it cost to build a house anyway? The average cost to build a house is $313,884, but prices vary widely depending on your home's size, location, and materials you use. Nationally, the average house build range is between $137,865 and $522,905.See the price range to build a house in your area How we get this data NORMAL RANGE FOR U.S.$137,865 - $522,900 AVERAGE $313,884 LOW END $1,570 HIGH END $900,000 $313,884 AVG LOW HIGH Cost to Build a House Per Square Foot A house can cost anywhere from $100 to $500 per square foot to build, with the higher end of this range accounting for large cities like San Francisco or New York City. The size and type of house you choose will also affect what you’ll pay.
The average cost to build a house is $150 per square foot. Labor accounts for about 40% of the cost, while materials account for 60%. Remember that the prices listed here are accurate as of the publish date, but pandemic-related construction supply shortages continue to cause price fluctuations. As we'll dive into more later, the average size of a home in the U.S. is 2,200 square feet. Let's look at all standard home sizes and their related building costs. Home Size (Sq. Ft.)Average Cost Price Range1,000$150,000$100,000 – $500,0001,500$225,000$150,000 – $750,000 1,750 $262,500 $175,000 – $875,000 2,000 $300,000 $200,000 – $1,000,000 2,200 $330,000 $220,000 – $1,100,000 3,000 $450,000 $300,000 – $1,500,000 Cost to Build a House by Number of Bedrooms Square footage can be hard to envision if you're not used to measuring spaces and mapping out homes.
Here's one way to picture it: The average home in the U.S. today is 2,220 square feet and has two to three bedrooms. The amount you'll pay per square foot will also vary depending on the layout and the number of floors. It is less expensive, for example, to build up than build out since adding a second level requires fewer materials than laying more foundation-level flooring. Here are the new construction home costs based on the number of bedrooms at the average price of $150 per square foot.Bedrooms Price Range Two $90,000 – $150,000 Three $150,000 – $360,000 Four $285,000 – $420,000 Building a House Cost Factors So, where does all this money go? For example, if you break the big-picture items into major categories—material costs, labor costs, or the cost to prep the land—each line item makes a bit more sense. The price will also come down to who you decide to build your house. Taking a better look at individual costs may also help you zero in on the price ranges in your area. Cost breakdown for building a new home, with interior finishes averaging 26.4% of the cost Land Lot prices will have a significant say in your new home cost, but you can find pieces of land between $3,000 and all the way up to $150,000. Highly sought-out areas and lots without prior hookups to utilities will increase your total costs. “The location of the house makes a huge difference in the price,” says Bob Tschudi, Angi Expert Review Board member and general contractor in Raleigh, NC. “We were recently looking at small parcels for a tiny home and the same exact square footage ranged from $25,000 to $150,000. So you have to look at the overall value of the final product.”House Plans and Design Fees Once you secure the land, you can choose from either stock or custom home design plans. Pre-designed layouts come in plenty of options tailored to your needs, and they don’t require an architect to draw up your design from scratch. You can even take a stock design and make some customizations to suit your personal style and preferences. You'll pay between $500 and $5,000 for stock plans. You can also tailor your home to your exact vision by hiring a local architect, but the cost of blueprints ranges from $750 to $20,000. An architect may also charge based on the size of the project. Expect to pay between as low as 5% of the total home cost for new construction plans.Related ArticleAn architect sketching on a drafting tableShould I Hire an Architect to Draw Plans for My Project?Hiring an architect is a sound investment for remodeling a room, working on an addition, or renovating your whole housePermits and Inspection FeesConstruction building permits cost between $150 and $2,000, but this can run higher depending on your area's local laws and the size of your home. You may also need permits for garages, utility hookups, patios, or land grading. Additionally, you must hire an inspector before moving into your home, similar to when buying an existing property. Expect to pay an average of $340 for an inspection for new construction. LaborLabor will account for the remaining 40% of the cost of your project, covering everything from the architect to the plumber. Hiring a general contractor is often the first step to planning and executing your home construction, and this hire will account for between 10% and 20% of the total project cost. Alternatively, you can also choose to hire a construction manager, who will oversee the project and budget but will leave more of the decision-making to you. These professionals charge between 5% and 15% of the total cost. “Whether you choose to hire a general contractor, a construction manager, or manage the work yourself, be sure to have the proper insurance coverage,” says Tschudi. “At the minimum, make sure that the entity managing the construction has builder’s risk insurance, general liability insurance and, for every employee, workers’ compensation insurance. ”The rest of the team will fall into place with the guidance of either of the managers above. Here are some of the major players in building a house and their standard rates: Structural engineer: $100–$200 an hour Architect: As little as 5% of the project cost Drafts people: $50–$130 an hour House framer: $7–$16 per square foot
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