Home Construction When considering how much to build, you want to know the cost to build Start Here

Thinking of building a newer or larger residence? People often contemplate the question of how much to build or what is the cost to build. When considering building a home, most people would like the most affordable home. Hence the imposing questions of how much to build and how much it costs to build.

I’ve been helping people find answers to the question of how much does it cost to build and how much to build for over 30 years, so I’ll jump right into the formula that I recommend to my clients.

I have seen on average the following typical breakdown in construction cost when deciding how much to build. I call it the rule of thirds. Expect one third of your construction cost to be applied to labor costs incurred in building your project.

Then, when determining how much to build, it’s common to find that a third of your construction cost will go toward concrete work, mechanicals like plumbing, electrical, and heating/cooling equipment, as well as floor coverings.

The final third, when calculating how much to build, goes toward the products included to build the house and includes items like framing, windows, doors, siding, and roofing products. This is where your construction cost could get out of control.

So as you can see, you’ll find a place here where you could have influence in selecting how much to build, as well as the best way to control your construction cost is to be directly involved in finding the highest value products for your new home.

As a home designer, I encourage my clients to try and be aware of the average cost per square foot to build in their micro market, as the construction cost involved in my three covered sections above can have a huge impact on the cost of building. construction for the structure of equivalent size. .

As you determine how much to build, you should be able to find accurate information on this topic by checking with real estate agents in your location or consulting local building departments to compare the average sales price to the total square footage in your market. You’ll divide this amount by your average cost per square foot, and then divide your budget by this number to get your starting square footage.

Now that you’re close to determining how much to build, you’ll be able to take this video and combine this information with other details, like how many bedrooms and bathrooms you’ll need.

You now know that there are several things you can do to help control your construction cost so you can maximize how much to build when planning your new home.