Before deciding to build a home, the main question on everyone’s mind is, “How much does it cost to build a home?” It’s a question that demands an answer, because in order to make a purchasing decision, one first has to ask how much it will cost! The answer evades a straight forward general answer though, simply because there are so many factors in question.
Price per square foot could vary from $60 or $80 per square foot, on up to $250 or even $315 per square foot due to the wide variety of options. Plumbing in one 2000 square foot home for example could include only one bathroom with a standard toilet, and a tub shower combo, washing machine hookups, and a sink in the kitchen. Another 2000 square foot house could feature three or four bath rooms, with fancy Jacuzzi tubs in each one, along with separate showers. The first house might have stock cabinetry and countertops from the local home improvement store, while the other has custom cabinetry and marble countertops.
Maybe a better question than “how much does it cost to build a home?” would be “how can I get a top quality house for less?” Sometimes the structure of the house itself costs more. Sometimes saving on structure is not a bargain, for example scrimping on lumber. That’s no bargain. It’s also much cheaper to build on a slab, but this isn’t always a good idea, especially in some areas. In flood prone areas, it’s a very bad idea, and in the event something goes wrong with the plumbing it can be extremely costly and distressing to have to dig up a concrete floor to fix an underground pipe.
There are many money saving ideas that do not sacrifice quality and are worth considering. Two story homes often cost less per square foot, due to the smaller area, saving on foundation costs, and roofing costs, especially if you prefer more expensive styles of roofing. Plus since a two story house doesn’t take up as much space you have more room for a lawn. If for example you built a two story, with an additional gambrel roof attic you could effectively have a three story home, with a lot of square footage for a lot less, without sacrificing quality.
How Much Does it Cost to Build a Home Money Saving Advice
Another money saving option is to keep the shape of the house square in shape is to build it with narrower trusses. A 24 foot truss is cheaper than a 32 foot truss, and anything over 32 foot is very costly and may not be as strong as a narrower house. It costs more to build a home that is L shaped. The main reason this costs more is connecting the two parts of the roof, but also because of the additional exterior walls.
Often a good way to answer the question “How much does it cost to build a home?” could best be answered, “How much did your neighbor pay for his?” Many developments and communities have rules that dictate what size and quality homes should be, with minimum and maximum expectations for construction. If that’s the case, considering the rules for your development might give you a better ball park figure than most calculations.
1. Price per square foot is not always the best way to determine how much a home is worth.
2. The cost to build a home is effected by the quality of materials and construction.
3. Two story homes often cost less per square foot than a single story ranch style home.
4. The cost to build a home is impacted by shape. A house square in shape is cheaper than a home L shaped and other geometric shapes.
5. Often a good way to answer the question “How much does it cost to build a home?” could best be answered, “How much did your neighbor pay for his?”
6. Learn more about the cost to build a home and the overall home building process by downloading the free New Home Steps Guide above and become savvy on custom home building from start to finish.
I hope this article was useful for you. Good luck in building a new home and let me know if you have any questions.
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