Building a house is by no means a small undertaking. It’s a major investment in the lives of most people. Some go through life without building their dream homes. This can be attributed to the high cost of building a good house. Here is what you need to know about the cost of building a house.
The Cost of Building a House per Square Footage
Most construction experts say that the cost of building a house ranges from $163,333 and $483,868.When it comes to square footage, the cost of a new construction varies between $100 and $200. Nevertheless, luxury and customized homes can cost more than this.
To get a better idea of the amount that you’re likely to spend on the construction of your dream home, request a free estimate. A professional contractor will consider the unique needs of the house that you want to build to give you a more accurate estimate.
What Goes into the Construction Costs?
When budgeting for your building project, make sure that more funding goes to construction and materials. As such, your choice of construction materials and the experts to work with will have a significant influence on the amount you will spend on the project.
Some of the major construction stages to consider when budgeting include:
- Floor structure
- Roof structure
- Heating and plumbing
- Internal carpentry
The design of your house will influence its size, the materials, and the labor required to build it. Therefore, talk with your architect about your budget. Your architect can liaise with the contractor to ensure that you end up with a house design that can be catered for by your budget. Also, look for ways to reduce the cost of building a house and implement them to get the most from your construction project. Nevertheless, don’t compromise on quality while trying to save money.