On average, it takes between $150,000 and $450,000 to build a house. However, how much does it cost to build a house depends on a variety of factors, such as; what materials you use, labor costs, and many other factors.
The first step to building your house requires buying a piece of land, you will also need to have the ground leveled and a few trees removed. An average lot is twenty-two thousand square feet, and it may cost up to $90,000.
Next, you will need to hire an architect to prepare a layout of your desired home. You will also need to get a permit before contractors and subcontractors get to work. The cost of the architect and the permit will depend on the proposed layout of your house. If the plans are simple, they may not cost much. On the other hand, if they are strenuous, the cost may be significant. On average, this may cost up to $18,000.
The excavation team will be digging the ground for the foundation for the house. However, the price for the foundation will depend on the type of foundation you choose to have. On average, this may cost up to $35,000.
Afterward, the floors and the walls will need to be framed. This will cost up to $51,000. The roofs and openings for the house will cost up to $41,000, and plumbing and electrical work will cost up to $43,000. Now you will have water and electricity in your home. All that is still left is to have the interior finishes added. This will cost up to $75,000.
It is essential to understand that how much does it cost to build a house depends entirely on how you choose to make your home. If the layout is complex or if you choose a basement for your foundation type, the cost may increase severely.
Building a house can be expensive if you are looking to get a home loan. We at Red Door Funding are here to help. Call us at (832) 539-1099 to learn more.