Now, I know that no two houses are the same, and costs will vary depending on the location and size of your house. But figuring out how much it would really cost me to build my own house, not just back-of-the-napkin calculations has been something I’ve always wanted to know, but it wasn’t always apparent where to find the numbers.
Cost to build my own house
The cost to build a house depends on the size and complexity of the project. You will also need to factor in the cost of land and other expenses. The average cost to build a house in 2016 was $345,000, according to the National Association of Home Builders (NAHB). This means that you will have to spend at least $350,000 if you want to build your own home.
In addition to the basic construction costs, you should also consider additional expenses such as building permits, design fees and architectural plans. For example, it takes approximately $2,000 to get an architect’s fee for designing a simple home plan with no custom features or additions. If you want more complicated designs with custom features or additions then expect to pay more than $3,500 for an architect’s fee for these services.
The price range for building permits varies from state-to-state but generally ranges from $500 to $1,500 depending on where you live and how complex your project is going to be.
How much does it cost to build my own house
The cost to build a house varies greatly depending on the size and complexity of the home.
The average cost to build a 1,800-square-foot home is $225 per square foot. The average cost for labor and materials for this size home is about $40 per square foot. This figure does not include land costs nor does it include design fees or architect fees.
For a 2,000-square-foot home, expect to pay about $270 per square foot for labor and materials. Again, this does not include land costs nor does it include design fees or architect fees.
If you want an estimate based on the specific requirements of your project, contact a builder who can prepare an estimate based on those needs. You may also want to speak with several builders before deciding which one will be best suited to meet your needs.