Cost to build a 700 sq ft house
Are you considering building a house? Do you have that bug that just won’t go away and needs to be scratched? Before you start to drive nails and cut flooring, take a minute to read the following tips. You might find them practical, helpful and it will save you from making costly mistakes.
Cost to build a 700 sq ft house
Many house hunters grapple with whether to buy or build a home. The national average cost to build a house is about $329,000, not including land. That can range from as little as $42,000 to more than $900,000 depending on factors including house type and size, where you build, the current demand for labor and materials and how you choose to customize your home.
Let’s break down those costs and how to budget for a home build so you can decide the best route for you.
| AVERAGE COST TO BUILD A HOUSE | |
|---|---|
| Average Cost | $329,000 |
| Highest Cost | $900,000 |
| Lowest Cost | $42,000 |
New House Cost Per Square Foot
Building a new house costs an average of $150 per square foot. The price per square foot to build a house varies by ZIP code, so your location will cause that number to fluctuate. You can use an online building cost estimator to help you predict the average cost to build a house per square foot for the area you want to build in.
However, it’s worth noting that the cost per square foot only covers the house itself. There are other costs associated with house building to plan for, such as purchasing and finishing a lot.
New House Cost Per Bedroom
When determining how much it would cost to build a house, consider the number of bedrooms you want to include. Every additional room in your floor plan will add to the home’s square footage, increasing the total price. The table below breaks down the typical square footage and average building cost of homes based on the number of bedrooms they have.
| NUMBER OF BEDROOMS | TYPICAL HOME SIZE | AVERAGE COST |
|---|---|---|
| 2 | 800 – 1,500 square feet | $122,000 |
| 3 | 1,000 – 2,500 square feet | $147,000 |
| 4 | 1,900 – 2,600 square feet | $285,000 |
| 5 | 2,500 – 3,500 square feet | $375,000 |
Home Building Cost Breakdown
If you use an online cost-to-build-a-house calculator, you’ll notice that construction materials and labor combined account for about 90% of the typical budget. These broad categories can be broken down into many distinct categories to give you a better sense of where your money will go in a project. The remaining 10% covers minor cost factors like site preparation, interior and exterior finishes and optional add-ons such as a finished basement or outdoor spaces.
Below is a rough breakdown of home building costs you may encounter.
| HOME BUILDING TASK | AVERAGE COST |
|---|---|
| Plot price | $3,000 – $150,000 |
| Water and sewer inspections | $8,400 |
| House plans | $500 – $20,000 |
| Construction project management fees | $3,000 – $52,000 |
| Building permits | $1,200 – $2,000 |
| Off-site living accommodations (1 – 2 years’ rent) | $20,500 – $41,000 |
| Impact fee or local charges | $3,000 |
| Excavation | $1,400 – $5,400 |
| Foundation | $8,900 |
| Framing | $20,000 – $50,000 |
| Exterior siding | $9 per square foot |
| Roofing | $8,500 |
| Exterior windows and doors | $7,750 |
| HVAC | $5,000 – $34,000 |
| Plumbing | $1,500 – $17,500 |
| Electrical | $7,000 – $13,000 |
| Insulation | $3,000 – $10,000 |
| Drywall | $15,550 |
| Painting | $300 – $28,000 |
| Trim and interior doors | $11,000 |
| Flooring | $10,250 |
| Cabinets and countertops | $11,800 |
| Plumbing fixtures | $3,200 |
| Lighting fixtures | $3,100 |
| Appliances | $3,550 |
| Driveway | $4,400 |
| Landscaping | $8,200 |
| Cleanup | $2,600 |
| Contingencies or other | $45,000 |
Pre-Construction Costs
There are several costs to account for before construction even begins. An entire team of professionals is involved in preparing, testing and inspecting the lot and the utilities the home will need to connect to. Plans and designs need to be drawn up and permits obtained. All these costs will add up, so let’s break them down so you know what to expect.
Plot Price
To start your project, you’ll likely work with a realtor to find and purchase a lot. Costs typically range anywhere from $3,000 to $150,000, with wide variation due to size and location. The cost to build a house if you already own the land may be significantly lower.
Water, Sewage and Other Inspections
If you purchase an unfinished lot, it will need to be connected to sewers and water lines, as well as the electrical grid, cable lines and other utilities. These connections will need to be professionally inspected, which costs about $8,400.
House Plans or Architectural Fees
With a lot secured, you’ll need to buy or create plans for your house. You can hire an architect to design your home’s floor plan for roughly 10% of the total cost of your new house. This typically amounts to between $2,000 and $20,000. You can also save by working on your house plans with a draftsperson instead for an average of only $1,700.
Alternatively, you can purchase a stock blueprint online for as little as $500. While more affordable, this route comes with its own challenges. Your house may not feel unique, and customizing stock plans to suit your needs can be difficult and will increase your overall costs.
Construction Management Fees
Hiring a general contractor and construction manager to oversee your project and the various professional laborers involved will account for a combined 15% to 35% of your total project cost, typically ranging anywhere from $3,000 to $52,000.
Building Permits and Local Fees
Building a new home requires a building permit. These permits tend to cost between $1,200 and $2,000, but the actual amount varies depending on the regulations in the local area.
Off-Site Living Expenses
Building a house starts with finding and purchasing land and doesn’t conclude until the final interior touches are done. From start to finish, expect a timeline of one to two years. During this time, you’ll incur living expenses and will need to arrange for off-site accommodations once construction gets underway.
If you don’t have a place to stay during construction, you’ll need to plan costs for housing, which can add thousands to your total.
House Exterior Material Costs
Exterior costs include landscaping and land preparation, plus any materials that contribute to a property’s structure as well as its overall look and feel on the outside.
Excavation
Construction starts with clearing the land, which adds an average of $2,300 to your budget if the land hasn’t been prepped for building as it typically is in a housing development.
Foundation
Laying the foundation for a new home typically costs about $8,900. It can be as simple as a concrete slab, but if you opt to build out a basement it will come with increased costs. The cost of your new home’s foundation will vary depending on its size, as foundation costs $4 per square foot on average.
Framing
A house’s frame gives it shape to support walls, windows, doors and roofing. It is typically made of solid lumber, though homes in warmer climates often use cinder blocks. Expect to pay a house framer between $7 and $16 per square foot for an average total of $20,000 to $50,000.
Roofing
The total cost of the roof for a home depends mostly on the type of roofing material you choose. The typical roof is made of asphalt shingles and costs an average of $8,500, or $1.50 to $5.50 per square foot, including installation.
Siding
Exterior siding provides an attractive and durable way to weatherproof a home’s walls. The total cost to install siding on a newly built home ranges from about $2 to $9 per square foot. Luxury materials like stone and brick can more than triple the square foot cost, though.
Driveway
It costs about $4,400 on average to add a paved driveway connecting your new house to the road. You can save by opting for a gravel driveway instead, which averages about $1,500 for labor and materials.
Landscaping
You can hire a landscape architect for $70 to $150 per hour to transform the construction zone around your new home into an outdoor space with real curb appeal. This can include sod grass or landscaping stones, trees, gardens and other features. Most people spend around $8,200 on the cost of landscaping a totally new property or revamping an existing one.
Home Interior Material Costs
All the materials used to cover the interior of a house’s frame and furnish its rooms will add to your total project cost as well. Each of these costs will ultimately depend on the size of the home you build, your personal style and whether you opt for high-end or budget products.
HVAC
A home HVAC system costs anywhere from $5,000 to $34,000. This includes central AC, a furnace and all associated ductwork. The larger your home, the more expensive your system is likely to be.
Plumbing
The cost to install plumbing throughout the entirety of an average-sized new home ranges from $1,500 to $17,500. Costs will vary depending on the plumbing materials used, with PVC pipes costing much less than copper, for example.
Electrical
Expect to pay between $7,000 and $13,000 for the cost to hire an electrician to install wiring, outlets, switches and electrical panels throughout a newly built home.
Insulation
Insulation will help maintain your home’s indoor temperature year-round, keeping it comfortable. It will also regulate the home’s energy efficiency to save you money over time, though you’ll first have to spend $3,000 to $10,000 on the upfront cost to have insulation installed during a new build.
Drywall
It costs about $2.25 per square foot or $15,550 on average to have various types of drywall installed throughout a newly built home. The cost of drywall is calculated per square foot or per panel, so expect to pay more the larger your home.
Doors and Windows
For every window you install in your home, expect to spend as low as $150 or up to $1,500 each depending on the style and type of window you prefer to use for each space. Meanwhile, interior doors will cost $250 each while exterior doors range from $400 to $3,500 each.
Cabinets and Countertops
The cost to install cabinets in your home’s kitchen and bathrooms can range from $100 to $1,230 per linear foot and will largely depend on whether you choose a stock or custom product. The same goes for the cost of countertop installation, where the price can range anywhere from $10 to $150 per square foot depending on the type of material you choose.
Trim
Installing trim throughout a house will cost about $1,500 on average. To strike the best balance between pricing and quality of workmanship, research several local finishing carpenters to compare quotes and reviews.
Flooring
New flooring installation costs range from $1 per square foot for synthetic materials like laminate up to $10 per square foot or more for natural solid hardwood plank. You’ll likely use a mixture of different flooring materials throughout your home, such as carpeting in bedrooms and ceramic tile in kitchens and bathrooms, so your total cost will vary dramatically depending on the choices you make and the size of each area.
Paint
How much you spend on the cost of interior house painting depends not just on the size of your home, but on whether you have the patience to do it yourself. You can keep costs as low as $300 if you paint everything yourself, while professional costs can escalate to $28,000 for particularly large homes with lots of painted trim and molding.
Fixtures
This category covers both plumbing and lighting fixtures. Plumbing fixtures include all sinks, toilets, showers, tubs and their associated faucets and will likely cost you about $5,000 for everything. What counts as a lighting fixture is more self-explanatory, and what you pay will depend on the number and style of fixtures you add. In general, total lighting costs for a new home build range from $2,000 to $12,000.
Appliances
Unless you’re bringing them with you from a previous home, your new home will also need a new refrigerator, dishwasher, laundry washer and dryer and other appliances. Expect purchase and installation for these to cost $3,000 to $15,000 total depending on the features you want for each machine.
Furniture
The final step in designing your new home is furnishing each room with stylish, comfortable chairs, tables, dressers, beds, couches and more. Depending on the size of your home, you should budget $20,000 to $80,000 for all the furniture you’ll need.
If you have been thinking of building a 700 sq ft house, you need to know that this is one of the most common sizes for homes in the U.S. In fact, there are about 20 million houses in the country that are about this size!
If you want to know how much it would cost to build a 700 square foot house, here are some things to keep in mind:
Materials and labor will be the biggest costs when building a small home. You may want to consider hiring a contractor or an architect if you don’t have any experience with building projects.
You can save on costs by using recycled materials such as shipping pallets or discarded wood from local businesses or restaurants.
You can also save money by doing some of the work yourself. For example, if you’re planning on using reclaimed wood for your floors and walls, you can always cut them yourself instead of paying someone else to do it for you.
The cost to build a 700 square foot house will depend on the number of rooms, and what type of finish you choose.
A 700 square foot home includes 3 or 4 bedrooms, 2 bathrooms, a kitchen and dining area, living room, laundry room and garage. This is a very functional size for a family home.
If you are building from scratch, the cost will depend on whether or not you hire out any of the work or do-it-yourself. If you do it yourself, you must factor in time spent doing the work as well as materials.
If you hire a contractor to build your home for you, expect costs between $80-$200 per square foot depending on location and size of lot (smaller lots tend to cost more). Below are some examples:
New Home Cost in 2019: $85-$300 per square foot
The average cost to build a 700-square-foot house is $130,000. This estimate includes the labor and materials needed to build a 2-story, 2-bedroom home with a full basement.
The cost of building a 600-square-foot house depends on several factors, including the location of your property and whether you’re hiring an architect or builder.
Costs can also vary depending on whether you’re building from scratch or adding onto an existing structure. For example, if you want to add on to your existing home, it’s going to cost less than starting from scratch because you won’t need to hire new contractors, buy building materials and plan for permits. However, if you already own the land where the new building will be constructed, then it could make sense to start from scratch instead of renovating an older structure — especially if you’re planning on building something bigger than 600 square feet (e.g., a 1,200 square foot addition).
If you’re building a single-family home in the United States, the average cost to build a house is about $350 per square foot. That’s according to the National Association of Home Builders (NAHB).
A 700-square-foot house would cost around $230,000 to build. But there are many factors that will affect the final price.
The first factor is where you live. The cost of construction materials varies by state and region, so if your home is going up in one part of the country, it might cost more than another part of the country. For example, labor costs tend to be higher in states like California and New York. To offset this, contractors often charge more for their services.
Another factor that affects your final price tag is how many bedrooms and bathrooms your new home has — both important factors when it comes to resale value and quality of life for future owners. Adding an extra bedroom or two could cost as much as $20,000 or more — depending on how much work needs to be done on the walls and ceiling for additional wiring and insulation requirements.