Building a house can be very expensive, costing anywhere from several thousand dollars to several million dollars depending upon the materials used and the style of the house itself. A house can take many months to construct and can even take up to two years to build completely. Furthermore, many costs are hidden from the buyer, such as permits, home insurance, inspections, financing, etc. Therefore, the actual cost to purchase a house can be much higher than the advertised price. Therefore, when you are buying a home, it is wise to make a lot of home inspection prep so that you don’t pay a surprising amount for your house.
When calculating the cost per square foot to build a house, you first need to determine what style you want your house to be. The cost per square foot usually includes the amount of labor costs like hiring a mason, electricians, etc. However, you must also consider any special materials like wood, concrete, or steel that may be required. New house construction for a 2,500 square foot house usually costs $ 201,100 to $ 311,100 on average, depending upon the size and design of the house.
To calculate the cost per square footage for a two-story home, you multiply the total floor area by the total number of rooms, then divide by the total square footage to get the labor cost per room. Likewise, to calculate the cost per square footage for a high-end custom home, multiply the total square footage by the total number of rooms, then divide again by the total number of bedrooms in the house to get the labor cost per room. Then multiply the final cost per square footage by the total square footage. This can help you keep track of your budget as well as gauge your progress.
Once you have determined your budget, you can go one step further and use this total to determine the price per square footage. For example, if you are going to construct a two-bedroom tiny house and it is going up two stories, you can determine that the labor costs will be approximately thirty-three thousand dollars for each story. Multiply this by the number of rooms to get an approximate cost for building a two-bedroom tiny house, then divide by floors to get the labor costs per room. This can help you keep track of how quickly you are progressing with your project. You may want to reassess your budget in this case.
If you would like a smaller house, you can determine the cost per square footage by determining the total number of rooms and then multiplying this by the actual square footage. This can help you keep track of your progress, especially if you are building a tiny house. It can also help you make decisions about what size container home you need to build.
On average, it takes homeowners approximately forty-five hours to build a two-bedroom, two-story home using typical materials. Using industry standard rates, this translates to approximately one hundred and eighty cents per square foot for construction costs. This number will vary depending on the materials used and the complexity of your design. However, you can easily lower your estimate by choosing simpler designs or buying materials in bulk.
One important factor to consider when constructing a house is the time needed for landscaping. Depending upon where you live, the amount of ground cover required may be greater than the construction itself. Landscaping normally requires at least two weekends of work and three to four months of preparation before it can begin. This higher cost is due to additional work for weeds, soil testing, planting flowers, edging and fencing. On average, a person will spend fifty-five to sixty hours on landscaping alone.
Building a house does not end with the actual construction process. Once the house is built, there are still numerous things to do for upkeep, renovations, interior finishes and landscaping. You can expect to spend about fifty-five to sixty hours a year on all of these tasks. If you want to lower your overall house building cost, consider doing as much of the work yourself to save time and money.