Many Americans have dreams of setting down roots and constructing their dream homes. Missouri is a popular destination filled with culture, history, and scenic views.
So are you looking to build a home in Missouri? Here’s what you need to know about the costs of constructing and developing a house.
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How Expensive Is It to Build a House in Missouri?
The average cost to build a new 2,000-square-foot home in Missouri is around $227,000. The average cost per square foot is roughly $130. However, this price can be higher or lower depending on the location, project size, and other factors.
A lot of different factors play into the total cost of a home construction project besides materials and labor. You’ll need land, permits, and other odds and ends. Here’s a quick cost summary of what it takes to build a house in Missouri to give you a better idea of what you’re getting into.
|Average Land Cost||$384,514|
|2,000 Square Foot House||$227,000+|
|Average Square Foot Cost||$130+|
Cost By Size
The size of a construction project will greatly impact the total price. As you would expect, smaller homes will cost less on average and larger homes will cost more. The average home size in Missouri is around 1,650 square feet. For the chart below, we’ll be using $130 for the lowest price, $200 for the average, and $300 for higher-end projects. Here’s a rough estimate of what you might pay, depending on the size of your home.
|1,000 Square Feet||$130,000||$200,000||$300,000|
|1,200 Square Feet||$156,000||$240,00||$360,000|
|1,500 Square Feet||$195,000||$300,000||$450,000|
|1,800 Square Feet||$234,000||$360,000||$540,000|
|2,000 Square Feet||$260,000||$400,000||$600,000|
|2,500 Square Feet||$325,000||$500,000||$750,000|
|2,800 Square Feet||$364,000||$560,000||$840,000|
|3,000 Square Feet||$390,000||$600,000||$900,000|
|4,000 Square Feet||$520,000||$800,000||$1,200,000|
|5,000 Square Feet||$650,000||$1,000,000||$1,500,000|
Keep in mind that these are rough estimates based on the price per square foot listed above. Your mileage will vary depending on several factors. The average low-end cost based on the chart is $322,4000. The mid-range average is $496,000, while the average high-end price is $744,000.
Other Factors to Consider
As mentioned earlier, there are a lot of factors that play into the total cost of building a new home in Missouri. You’ll need to purchase land, prepare the land, and design the home, to name a few. Let’s take a deeper look into the different factors that affect the total cost of building a new home in the southern state of Missouri.
Land Cost in Missouri
The price of land will play a crucial element in the total expenses of a new home construction project. The average land listing price is around $384,514 in Missouri. The average price per acre in Missouri is just under $6,000. However, this number can vary on different factors and circumstances.
Preparing the Land
Land preparation is a crucial element in building a home. Before construction can begin, the land will need to be prepared for building. A plot of land might require leveling, excavation, or preparing utilities. These costs will vary depending on the size, land, and circumstances. You can expect to spend anywhere from $5,000 to $35,000, depending on the type of project.
After you purchase a plot of land, you’ll need to get the required building permits from the state or local jurisdiction to start building. You’ll need to meet specific criteria and guidelines before you can be approved. The permits for utilities, occupancy, and septic systems will be included.
You can expect to pay anywhere from $500 to $2,000, depending on the county. In some cases, you may end up paying additional fees if you’re using a plot of land that has never been developed.
Designs and Planning
Now you’ll need some designs, blueprints, or home planning services. You may want to hire an engineer or architect. However, these professionals can be pricey and charge anywhere from $100 to $250 an hour. You might expect to pay upwards of $15,000 if you opt for an architect.
Alternatively, you can utilize your builder or a draftsman to draw up some house plans. These services will be much cheaper, costing around $4,000. If you do opt for an architect, make sure they work in tandem with the builder for the best results.
Framing the House
The framing of your new house is one of the most expensive aspects to consider. Constructing the skeleton of a new home and roof uses an incredible amount of lumber and can cost around $40,000 or more.
When you include special designs, materials, and sheathing, you might need to add another $6,000 to $11,000 to the total budget.
Interior and Exterior Costs
The interior of a new home project is usually the most expensive aspect. Granite countertops, hardwood floors, new appliances, and other amenities can quickly increase the total price. You might expect to pay around $75,000 for interior finishes for a new home in Maryland.
The exterior of a home is equally important to the interior. The exterior prevents pests, harsh weather conditions, and other negative aspects from entering the inside of a home. You might expect to pay around $20,000 for the exterior walls. Once you include windows, doorways, and a garage, you can expect to add another $12,000 to $22,000 to your total budget.
Finishing Touches and Miscellaneous Expenses
The finishing touches and miscellaneous expenses are areas that are often overlooked. However, it’s important to factor these elements into your budget, so you don’t overspend.
Landscaping designs and driveways can easily add $14,000 to a project. Different add-ons like a porch, patio, deck, or pool can also add in thousands of dollars.
Not to mention, the final clean-up costs may end up around $3,000. Most home-building projects will require a minimum of $11,000 for a miscellaneous category that goes towards different odds and ends. Be sure to factor this into your total budget before you start your project.
What’s the Cost to Build a House in Missouri?
You can expect to pay around $227,000 to construct a new 2,000-square-foot home in Missouri. The average cost per square foot is roughly around $130. If you’re purchasing a new plot of land, you might expect to pay under $6,000 per acre.
Keep in mind that these are just estimates. There’s a lot more that goes into building a home than one might expect. Be sure to budget extra cash into your project for permits, land development, and other odds and ins.