Building a small house is something that many people want to do these days. This is because the cost to build a small house is much less than building a regular home. Planning your dream home and acquiring land costs money, but depending on the size of your home you can save a substantial amount of money by building a small house.
Cost to build small house
The average cost to build a small house is between $40,000 and $80,000. This average cost includes everything from the structure of the home to the electrical wiring and plumbing. The cost of building a small house depends on whether you are building a custom home or using a pre-fabricated model. If you are planning to build a custom home, your costs will be higher than if you were using an existing model.
The cost to build small houses varies depending on the size and style, but it is possible to get a small house for less than $100,000.
Building a small house is a great option for those looking to downsize from their current home or those who are just starting out and want to get into the housing market.
The average cost per square foot of building a small house is $70 – $80 depending on the local market and what features you want in your home.
Average Cost to Build a Small House
The average cost to build a small house varies depending on location and whether it is new construction or remodeling an existing home. According to Remodeling Magazine, the average cost for new construction in 2016 was $250 per square foot for single-family homes with less than 1,500 square feet of living space. For example, if you want to build an 800 square foot house with two bedrooms and one bathroom:
$250 x 800 sq ft = $200,000
The average cost for remodeling an existing home was $179 per square foot in 2016. If you wanted to remodel an 800 square foot house with two bedrooms and one bathroom:
$179 x 800 sq ft = $145,600
The average cost to build a small house is $50,000. That includes the cost of materials and labor, but not land.
The average cost per square foot to build small house ranges from $45 to $65, depending on where you live.
The average cost to build a small house was about $50,000 in 2017, according to Remodeling Magazine’s Cost vs. Value Report. That’s up from about $48,000 in 2016 and $44,000 in 2015.
The average amount spent per square foot on new construction ranges from $45 to $65 depending on where you live (the national average is $58). This varies by region because of variations in wages and material costs as well as local building codes and regulations (including square footage requirements).
For example, here are some other typical costs for building a small house:
In Phoenix or Denver: about $40-$50 per square foot
In Chicago or Philadelphia: about $55-$60 per square foot