Cost to build a house if you own the land
Building a home can be tricky; it requires the right knowledge, experience and tools. If you’re thinking of building your own home, here’s what you need to know about the cost of the project.
The cost of building a house depends on several factors like:
• Location: The location of your property will affect its price as well as its value in the future. Properties located in well-known areas with easy access to transportation tend to be more expensive than properties in less popular locations.
• Size: The size of your property also affects its price. Smaller properties are usually cheaper than larger ones because they require less material and manpower during construction.
• Design: Different designs require different materials and equipment which means that each design has its own price tag attached to it. A simple design is usually cheaper than an elaborate one but this isn’t always true since some complex designs can look impressive even if they aren’t that expensive to build.
Cost to build a house if you own the land
If you own the land and are building a house on it, you can expect to pay around $200,000 to $240,000 for a 3-bedroom home. This is assuming that all of your materials come from the local hardware store or lumber yard and don’t include any specialty items like granite countertops or custom cabinets.
The price range for a 1500 square foot house is between $112,500-$128,500 for a basic 3-bedroom home.
If you live in an area where land prices are higher, this can greatly increase the cost of building a house. For example, if you live in Los Angeles County and want to build a 3 bedroom house on an acre of land, expect to pay anywhere from $200K-$400K depending on where you build it and how much customization you want done to the home.
average cost to build a 1500 sq ft house
The average cost to build a 1500 square foot home is about $200,000, but this can vary greatly depending on where you live. A typical three bedroom, two bath house with a garage will cost between $170,000 and $275,000 in most areas of the country. The cost of land will also vary widely depending on location.
The average cost to build a 1500 square foot house can be broken down into three categories: construction costs, supplies and materials and labor costs. Construction costs include the purchase of property or land plus any permits needed to build on it (which may be required). Supplies and materials include everything from lumber to roofing materials to electrical wiring. Labor costs include labor by the general contractor and subcontractors who provide services such as plumbing and electrical work as well as any other professionals hired for the project (such as architects or designers).