Main floor living area:. Enter the square footage of the living area on the main floor. The living area does not include areas such as garages, porches or decks. Main floor ceiling height:. Enter the main floor ceiling height. This is the distance in feet from the floor to the ceiling. You will also need to run utility lines back to your property, and possibly factor in the cost of grading the land and laying a driveway. In most cases, the budget for your project will determine the type of construction to be undertaken for the new home.
In addition to traditional construction methods, others available include complete prefabricated homes, modular homes, home kits, barndominiums, container homes, pre-built tiny homes, and the newest process—3D printed home structures. Your contractor can accurately schedule out the inspections that will need to be carried out during construction. For the most peace of mind, select a contractor who has adequate insurance to cover the project through all phases of construction.
With your land purchased and prepared for construction, your construction loan approved, budget finalized, plans drawn up, your contractor selected, and your permits approved, your contractor can be scheduled to break ground and begin the prep work for the foundation as the first phase of your construction.
Once built, you or your contractor will need to schedule a final inspection to obtain a certificate of occupancy. This is the official document that verifies that all work on the home was done to code and the structure is safe for people to live in.
You can either wait until the entire home is complete before getting the landscaping done or start as soon as the foundation and framing of the house are finished. The other major factor at play regarding when this will take place is related to what you are having planted on your property in respect to trees, plants, and shrubs and what time of year they are best planted in.
Get free estimates. How much will your new house cost? Here are the average costs to build a single-family home by square footage. Additional Price Factors When looking at prices to build your own home, the average prices we have listed here are just averages, and with the range of customization possible, there is a potential for the final price for your home to differ significantly depending on where you live and the options you choose. Some of the more significant pricing implications include Land — In addition to the cost of the land, when you buy your own lot, you'll need to have the land cleared and graded for construction.
Size — More square footage equals a higher cost. Number of Stories — The cost to design, build, and develop home with two or more stories will add to your overall cost.
Adding high-end granite countertops or hardwood flooring come at an additional cost. Home Building Cost Breakdown There are so many major components or stages in residential construction that your costs will vary considerably depending on the quality of each aspect of your home build. Exterior Finishes Once the foundation has been laid, and the framing is constructed, creating the look for the exterior of the home is completed through the installation of the walls, siding, windows, doors, and the roof.
Manufactured Homes — can look like both modular or traditional site-built homes. A major difference with manufactured homes is that they are built to HUD code in a climate-controlled environment.
Modular Homes — Modular homes are built in sections which are assembled and, like manufactured homes, built constructed in climate-controlled manufacturing environments. These homes are built to state and local codes to ensure they pass inspection once in place.
Buying Land and Building a House Costs Another significant element in the cost to build a house is the price of the land, unless you already own a plot where you would like to build your home. Return to Top Building A New House Checklist Compared to buying in a subdivision that is being developed, you have a lot more control and influence on the project when building a custom home with your selected general contractor. Purchase Property You will need to find the right spot for your new home.
Choose a Construction Method In most cases, the budget for your project will determine the type of construction to be undertaken for the new home. Develop Plans or Designs Establish the number of bedrooms along with their sizes and locations. Decide on the kitchen size and location and the size of the main living area. If you are going to do most of the design work yourself, you can find a vast range of examples online that you can use to inspire and guide your design efforts.
Alternatively, you can purchase plans that fit with your overall plans regarding total size and number of bedrooms and bathrooms. If you have room in the budget, you can hire an architect to bring your vision to life in the design of your new home. From these choices, the least expensive is going with a design your contractor has already worked with or purchasing plans online for the contractor to build to. Obtain Permits and Inspections Your contractor can accurately schedule out the inspections that will need to be carried out during construction.
Purchase Construction Insurance For the most peace of mind, select a contractor who has adequate insurance to cover the project through all phases of construction. Begin Construction With your land purchased and prepared for construction, your construction loan approved, budget finalized, plans drawn up, your contractor selected, and your permits approved, your contractor can be scheduled to break ground and begin the prep work for the foundation as the first phase of your construction.
Book a Final Inspection Once built, you or your contractor will need to schedule a final inspection to obtain a certificate of occupancy. Complete Landscaping You can either wait until the entire home is complete before getting the landscaping done or start as soon as the foundation and framing of the house are finished.
You still have the cost of the kitchen and bathrooms, the expensive rooms, but you don't have as much "cheap" space, like living rooms and bedrooms. More here on cost per square foot to build. It's tempting to think that building a custom home will get you the smaller square foot price no matter the size of house you build, but the rules of economy won't be suspended for you.
Keep a realistic expectation of what you can afford. Read some articles on how to budget for your new home. Remember to deduct the cost of the land from the price of the new homes you're looking at. You can usually find out what a builder paid for a specific lot by researching the county property records. Most counties have a website you can easily search online to find the cost of the land, which you can then deduct from the price of the home.
While shopping new homes will give you a general idea of cost, keep in mind that many builders don't build outside their own communities. Some say they do, but it's really secondary to their main business.
Depending on the location of your new home, there might be an additional cost for contractors to travel outside their normal areas or to a remote location. That can add to the build cost. The cost of the land is whatever you paid for it. If you haven't bought the land yet, it's the net cost you'll pay once you've negotiated the price and closed, including whatever taxes and fees are involved in the transaction.
Buying land is a topic in itself that you can research more extensively online. In our next article, we'll address the most complicated part of this equation: the cost to prepare the land for the house. For a more in-depth look at the whole process of finding, evaluating, negotiating, and buying land where you can build your home, download our free guide, 5 Steps to Buying Land for your Forever Home.
He is the CEO of the company and partners with his dad, Ben, who has been building since