How much does it cost to build a house in America?
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If you are planning to build a house then this post will surely help you to make a strategy and give a good knowledge about the rates of the market that are going on.
How much does it cost to build a house in the U.S.?
In this post, we will show you some estimates by the square foot and the factors that can help you in budgeting.
The cost to build a house plan in the U.S. will have a wide range from $110,000 to $460,000. The U.S. Census Bureau puts the sales price of a new site home at an average of $543,600 at the end of 2022.
Here is a rough breakdown of the overall costs of building a home:
- Materials: 40% to 50%
- Labor: 30% to 60%
- Design and permit costs: 10%
It’s a good idea to have a 20% buffer in your budget for unexpected expenses.
Always try to keep your budget above 15% to cover unexpected costs or upgrades.
TYPE OF COST AMOUNT
Average Cost $150
Highest Cost $500
Lowest Cost $100
Breaking down the cost of building a house
Land:
The property plays an important role in the overall cost to build a house. It depends on the property whether you are buying developed or untouched land. Depending on the size and location of the land, the cost of the land varies. It can be as low as $4,000 and as high as $150,000.
Depending upon the size of the land you can expect this much cost to spend:
Size of home Expected cost
800 square foot $80,000 – $160,000
1,000 square foot $100,000 – $200,000
1,500 square foot $150,000 – $300,000
2,000 square foot $200,000 – $400,00
2,500 square foot $250,000 – $500,000
3,000 square foot $300,000 – $600,000
4,000 square foot $500,000 – $1,000,000
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