From the initial building permits to breaking ground to final site cleanup, here’s how much you can expect to spend to build a house.
There are a number of benefits to building a house from the ground up rather than buying a finished home, among them complete control over the location, design and interior and exterior finishes. Before you go with building over purchasing, however, take a close look at the bottom line to ensure a new house build fits your budget.
Here we’ll outline the average national costs for each phase of a home build, according to the latest data by the National Association of Home Builders (NAHB). The real estate market is red-hot now. Increased buyer demand, coupled with the rising cost of building materials, means current numbers are significantly higher than those reported in the NAHB’s 2019 Construction Cost Survey, which was published in January 2020.
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