![]() You can count on those costs being somewhere in the neighborhood of $12,000. Finishes on the roof will tack on another $10,000. The exterior wall is an expensive line item because it covers the perimeter of your house, and that requires a lot of material-$19,000 worth, on average.Įxterior finishes also include installing any openings in your house like doorways, windows and the garage. If you add metal or steel materials, your framing expenses will bump up the cost by another $2,000. Think of it as the skin that covers the bones of your house. Once the "bones" are in place, you’ll need to pay around $3,000 for sheathing-a flat layer of boards that cover and protect the frame and trusses. If trusses-the fancy name for a series of triangular structures designed to support the roof-aren’t included in the cost to build the frame, they might add another $6,000 to the budget. Building the skeleton of a house (including the roof) takes a ton of lumber, which can drive up the cost to $41,000 or more. This is when your house will start to take shape. No, literally! The frame of your house will be one of the highest costs in your house-building budget-beaten only by the land itself and interior costs. Your house could also need retaining walls installed to keep surrounding soil from crumbling and falling onto your foundation.īrace yourself. Homes with basements typically cost more than ones without because there’s more space to cover. ![]() The government will charge you another nearly $4,000 for something called an impact fee, which pays for public services like roads, parks and water treatment in your new community.Īfter site work is completed, your builder will lay the foundation for your home, which usually includes lumber and concrete. You’ll also have to pay some pesky fees, including around $5,000 to obtain a building permit, and $4,000 for water and sewer inspections.Īnd don’t forget about Uncle Sam, because he wants his share too. An architect or draftsperson can create your building plans, which spell out all your new home’s details-from the size and layout to the electrical wiring and design.Īfter you draw up your plans, you’ll need to pay for the permits and inspections that you’re legally required to have before your builder can start the actual construction. Site work is an umbrella term that includes several elements of the home-building process, the first of which is creating your building plans. You can buy an undeveloped property for less money, but you’ll still feel a hit to your wallet when you have to install all those utilities later. Those costs add up quickly, and they can easily total six figures.Ī finished lot, as opposed to undeveloped land, includes both the land your house will sit on and all the utility systems you need-like water lines, electric lines and a sewage system. You’ll have to pay your builder several different costs for their work, such as overhead, marketing costs and profit (because they probably aren’t doing this as a favor). The first set of expenses you’ll want to think about are the more general ones related to the business side of building a home. Ultimately, your budget is what will dictate how much you spend on each of these areas (more on the budget a little later). Keep in mind that each of the following numbers are based on the average price for that step of the process, so the numbers may wind up looking a little different for you. All of the numbers come from the same 2020 NAHB data we looked at earlier, and each category includes a $1,000 buffer because let’s face it-not everything will go according to plan when you build a home, and you’ll want some extra cash on hand.įind expert agents to help you buy your home. In this section, we’ll go over the major components of building a home and take a look at how much it costs to get each job done, on average. That’s why we’ve created two handy resources: a cost of living calculator and a list of the 13 states with the lowest cost of living.Īt this point, you may be asking yourself, What exactly makes up the cost of building a home? Don’t worry, we’ve got you covered on that front too. ![]() Other costs-like groceries, transportation and health care-will also depend on which state you call home. ![]() ![]() Housing isn’t the only cost that varies from state to state. Here’s a look at the average cost to build a 2,000-square-foot home in each state: How much it costs to build a house also depends on where you build it. You don’t want to cram your family into a house that’s way too small, and you also don’t want to waste money on space you don’t need. You can see now why tiny homes are so popular! But before you jump on that bandwagon, think realistically about how much space you need. 2 Here’s how that plays out for different home sizes: The average cost to build a house by size is about $150 per square foot. ![]()
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