blue house icon
How to compare home builder's prices, quote to quote
Selecting the right mortgage when buying new
How to know when you're getting the quality 
and craftsmanship you deserve
How to avoid costly mistakes and headaches
Top ways to make your home more energy efficient
Tips on building or buying a healthier home
First Name:
Last Name:
Email:
(Kit emailed to you):
Your information is Safe and Secure
?>
Submissions of edits or additions are not guaranteed to be added or applied.
Close

Cost of Building a Home Per Square Foot

Image

It is only natural that people seeking to build a new home would want a ball park figure of how much it will cost. Many home builders and contractors give prospective builders a quote based on the cost of building a home per square foot. However, there are several factors, such as materials, layout, special details, and even the shape of the home, which must be filtered in to arrive at the cost of building a home per square foot.

More Factors to Consider in the Cost of Building a Home Per Square Foot

Most people understand that materials and special details would change the price, but might not realize the shape of a home can also make a difference. For instance, a two-story home would have a smaller cost per square foot than a ground level home of the same size. This is because a two-story house requires less foundation, roofing, plumbing, and electrical materials.

A square-shaped home with a standard roof is less expensive than a home with lots of angles and a different type of roof, such as taller or flatter. The cost of building a home per square foot varies with each detail the prospective home buyer wants changed or added during the planning stage. If these changes are added after the construction has begun, the cost of building a home per square foot is increased even more.

On the other hand, the cost of building a home per square foot goes down for larger homes. This is based on simple mathematics. The cost of the more expensive areas in a home, such as kitchen and bathroom, is similar no matter what the size of the home. Thus, the cost of building a home per square foot becomes less, as these costs are spread over a wider area.

Another thing to remember when building a home, the land isn’t included in the estimate. For instance if a home-builder is given a quote of one hundred and fifty thousand dollars, and the land and site preparation costs fifteen thousand dollars, the final cost will actually be one hundred and sixty-five thousand.

As a final precaution, it is a good idea to add six to ten percent to the building budget for last minute changes, increase in material costs, and other problems in general. These are things home builders and contractors have no way of foreseeing when giving the future home owner the cost of building a home per square foot.

Let’s recap…

Factors to Consider in the Cost of Building a Home Per Square Foot Overview:

1. It’s not uncommon for home builders and contractors to calculate quotes based on the cost of building a home per square foot.
2. Many factors effect the cost of building a home per square foot including materials, layout, special details, and shape of the home.
3. A simple square home with a standard roof will cost less than a home with many angles and a different type of roof.
4. The cost of building a home per square foot goes down for larger homes.
5. Land is not included when calculating the cost of building a home per square foot.
6. Always include six to ten percent to the building budget for unforeseen changes, increase in material costs, and other issues.
7. Learn more about factors to consider in the cost of building a home per square foot by downloading the free new home Steps Guide above on the right hand side and become savvy on the overall home building process.

I hope this article was helpful. Let me know if you have any questions. Good luck with building your new home.

cost of building a home per square footcost of building a home per square foot 2

 

Other Articles You May Enjoy

Copyright 2009-2016 HomeBuildingSmart.com. All rights reserved. [ Contact Us ]