{"id":146284,"date":"2023-01-10T08:37:20","date_gmt":"2023-01-10T15:37:20","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=146284"},"modified":"2023-11-07T13:41:32","modified_gmt":"2023-11-07T20:41:32","slug":"how-much-does-it-cost-to-build-a-house","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/how-much-does-it-cost-to-build-a-house","title":{"rendered":"How Much Does It Cost To Build A House In 2023?"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=BIGPOC5814293871\" width=\"100%\"><\/iframe>\r\n  \n\n\n\n\n<p class=\"wp-block-paragraph\">Sometimes it\u2019s hard to find the perfect house in the perfect location at the right price, so you just have to build a house from scratch.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">But How Much Does It Cost To Build a House?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to Forbes, the <a href=\"https:\/\/www.forbes.com\/home-improvement\/contractor\/cost-to-build-a-house\/\" target=\"_blank\" rel=\"noreferrer noopener\">average cost to build a home in 2023<\/a> is around $300,000. According to the <a href=\"https:\/\/www.census.gov\/construction\/chars\/highlights.html\" target=\"_blank\" rel=\"noreferrer noopener\">U.S. Census Bureau<\/a>, the median price for a contractor-built single-family home in 2021 was $343,600.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your house\u2019s price tag will vary depending on where you live, the size of the home, the materials used, and the labor required as well as several other factors. Plus, you\u2019ll need to buy the land that the home sits on.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s break down all of the main variables you\u2019ll encounter when deciding to build a home and how much you should expect to pay.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Average cost to build a house per square foot&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It should come as no surprise that the biggest cost factor is the size of your house. More house means more materials and higher labor costs.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On average, the <a href=\"https:\/\/www.biggerpockets.com\/blog\/builders-are-getting-frustrated-and-now-theyre-doing-this\" target=\"_blank\" rel=\"noreferrer noopener\">cost of building a house<\/a> is $150 per square foot. If you assume it\u2019ll cost you $100 per square foot on the low end and $200 on the high end &#8211; or $400 per square foot in some major cities, including New York and San Francisco. Here\u2019s how much you can expect to pay based on your home\u2019s size:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Square Feet<\/strong><\/td><td><strong>Average Price Range<\/strong><\/td><\/tr><tr><td>600<\/td><td>$60,000\u2013$120,000<\/td><\/tr><tr><td>1,000<\/td><td>$100,000\u2013$200,000<\/td><\/tr><tr><td>1,200<\/td><td>$120,000\u2013$240,000<\/td><\/tr><tr><td>1,500<\/td><td>$150,000\u2013$300,000<\/td><\/tr><tr><td>2,000<\/td><td>$200,000\u2013$400,000<\/td><\/tr><tr><td>3,000<\/td><td>$300,000\u2013$600,000<\/td><\/tr><tr><td>4,000<\/td><td>$400,000\u2013$800,000<\/td><\/tr><tr><td>5,000<\/td><td>$500,000\u2013$1,000,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Another variable that\u2019ll impact your square footage is how large your house footprint is. In general, it\u2019s cheaper to build up than to build out. If you\u2019re looking to build a four-bedroom home, consider making it two or three stories to decrease your footprint.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Average costs by location<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Before we get into the<a href=\"https:\/\/www.biggerpockets.com\/blog\/how-much-does-it-cost-to-build-a-house\" target=\"_blank\" rel=\"noreferrer noopener\"> home building costs<\/a>, note that building a three-bedroom home in Seattle will cost a lot more than building the same home in the suburbs of Tulsa, Oklahoma.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cost of land itself depends greatly on where you live. In 2022, the <a href=\"https:\/\/eyeonhousing.org\/2022\/09\/lot-values-set-new-records\/\" target=\"_blank\" rel=\"noreferrer noopener\">National Association of Home Builders<\/a> revealed that the median price for a lot was $55,000. However, the median lot price in New England was around $200,000. Depending on your lot, you\u2019ll also have to budget for land preparation costs, which range from $1,300 to $5,100.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This chart details the average cost to build a 2,000-square-foot home in each state as of early 2023:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>State<\/strong><\/td><td><strong>Ave. Cost<\/strong><\/td><td><strong>State<\/strong><\/td><td><strong>Ave. Cost<\/strong><\/td><td><strong>State<\/strong><\/td><td><strong>Ave. Cost<\/strong><\/td><\/tr><tr><td>Alabama<\/td><td>$267,620<\/td><td>Louisiana<\/td><td>$269,920<\/td><td>Ohio<\/td><td>$222,480<\/td><\/tr><tr><td>Alaska<\/td><td>$421,080<\/td><td>Maine<\/td><td>$282,140<\/td><td>Oklahoma<\/td><td>$260,500<\/td><\/tr><tr><td>Arizona<\/td><td>$295,580<\/td><td>Maryland<\/td><td>$294,160<\/td><td>Oregon<\/td><td>$340,580<\/td><\/tr><tr><td>Arkansas<\/td><td>$251,800<\/td><td>Massachusetts<\/td><td>$350,820<\/td><td>Pennsylvania<\/td><td>$302,200<\/td><\/tr><tr><td>California<\/td><td>$405,440<\/td><td>Michigan<\/td><td>$216,780<\/td><td>Rhode Island<\/td><td>$338,180<\/td><\/tr><tr><td>Colorado<\/td><td>$299,300<\/td><td>Minnesota&nbsp;<\/td><td>$236,980<\/td><td>South Carolina<\/td><td>$301,840<\/td><\/tr><tr><td>Connecticut<\/td><td>$345,440<\/td><td>Mississippi<\/td><td>$255,320<\/td><td>South Dakota<\/td><td>$204,420<\/td><\/tr><tr><td>Delaware<\/td><td>$327,060<\/td><td>Missouri<\/td><td>$226,760<\/td><td>Tennessee<\/td><td>$261,940<\/td><\/tr><tr><td>Florida<\/td><td>$263,640<\/td><td>Montana<\/td><td>$298,960<\/td><td>Texas<\/td><td>$264,100<\/td><\/tr><tr><td>Georgia<\/td><td>$273,860<\/td><td>Nebraska&nbsp;<\/td><td>$210,900<\/td><td>Utah<\/td><td>$288,560<\/td><\/tr><tr><td>Hawaii<\/td><td>$412,840<\/td><td>Nevada<\/td><td>$334,140<\/td><td>Vermont<\/td><td>$307,840<\/td><\/tr><tr><td>Idaho<\/td><td>$315,520<\/td><td>New Hampshire<\/td><td>$299,900<\/td><td>Virginia<\/td><td>$310,100<\/td><\/tr><tr><td>Indiana<\/td><td>$219,300<\/td><td>New Jersey<\/td><td>$376,900<\/td><td>Washington<\/td><td>$343,100<\/td><\/tr><tr><td>Illinois<\/td><td>$265,440<\/td><td>New Mexico<\/td><td>$290,940<\/td><td>West Virginia<\/td><td>$301,120<\/td><\/tr><tr><td>Iowa<\/td><td>$214,040<\/td><td>New York<\/td><td>$360,180<\/td><td>Wisconsin<\/td><td>$239,140<\/td><\/tr><tr><td>Kansas<\/td><td>$207,120<\/td><td>North Carolina<\/td><td>$301,500<\/td><td>Wyoming<\/td><td>$290,420<\/td><\/tr><tr><td>Kentucky<\/td><td>$280,580<\/td><td>North Dakota<\/td><td>$212,500<\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Local regulations will also impact your cost estimates. Every city, county, and state has different resident construction restrictions. Read up on the <a href=\"https:\/\/www.buildingsguide.com\/blog\/resources-building-codes-state\/\" target=\"_blank\" rel=\"noreferrer noopener\">building codes<\/a> in your state and neighborhood before starting any new construction. Violations can be costly mistakes.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cost Breakdown for Building a House<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The cost of building materials has increased significantly in the last few years, so a home construction loan will cost more now than it did a few years ago. However, it can still be a more cost-effective option. Let\u2019s look at a breakdown of what goes into building a single-family home and how much you can expect to spend as you go through the steps of a home construction project:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pre-construction costs: $55,750 to $105,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Pre-construction costs are expenses that must be sorted out before you can break ground. These costs include land, land prep, utility connections, and more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Purchasing and prepping land for construction: $1,000 to $50,000+<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To build a house, you need land to place it on. An often overlooked part of the construction process is<a href=\"https:\/\/www.biggerpockets.com\/blog\/buying-land\" target=\"_blank\" rel=\"noreferrer noopener\"> acquiring the land<\/a> needed to build.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Depending on the location, these costs will vary, but note that the purchase price for land can easily exceed $50,000 for a small parcel in a populated area but be as low as a few thousand dollars in a rural area.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once you have the land, you\u2019ll need to prep it, which means tree removal, grading, and anything else that\u2019s required to get the land ready to start building a home. These expenses can amount to somewhere between $1,000 and $7,000, depending on the scale of the project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Finished or unfinished lots: $550 to $30,000+<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Finished lots include sewer, cable lines, and utilities. Land developers for most metropolitan areas will finish the lot before they list it, so it\u2019s one less thing for you to worry about.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The same cannot be said for many rural areas. If you buy unfinished land, plan to pay for some major system costs to connect to the nearby city, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sewer costs: $550\u2013$2,300.<\/li>\n\n\n\n<li>Water line costs: $1,000\u2013$5,000.<\/li>\n\n\n\n<li>Electric grid costs: $1,000\u2013$30,000.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You may also have to buy and pour concrete to connect your property to a road, which can bring a whole new set of costs. Paved driveways usually go for $4,500, while gravel ones are much cheaper.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Purchasing a floor plan: $500 to $5,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Once you know where you\u2019re building and how large you want your home to be, the next step is to pick out a floor plan. Whether you\u2019re looking to build a quaint two-bedroom cottage or a spacious beach house, there are plenty of predesigned floor plans to choose from. These designs come with abundant features homeowners want, so you can save money by selecting a stock floor plan. These plans usually cost between $500 and $5,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can also pay a premium and hire an architect to draw up a custom floor plan, but note that it costs more if you opt for using a professional.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Building permits and local fees: $1,200 to $2,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can\u2019t start the home-building process without a building permit. Building permits usually cost between $1,200 and $2,000, depending on where you\u2019re building and what permits you need.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Be sure to check with your local municipalities for any information regarding permits and construction laws, as all cities and local jurisdictions tend to have different sets of requirements and fees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Exterior material costs: $67,000 to $87,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The exterior of a new home is the next phase in the building process. Exterior materials will be those you need for the foundation, frame, and outer walls of the home.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Foundation: $8,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The foundation of a home is critical to its stability and safety. If the <a href=\"https:\/\/www.biggerpockets.com\/blog\/foundation-damage\" target=\"_blank\" rel=\"noreferrer noopener\">foundation is off<\/a>, there could be serious consequences and a hefty repair cost. The average cost to build a foundation is around $8,000, and even more if you plan to have a basement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Framing: $25,000 to $45,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The frame is your home\u2019s skeleton, and it\u2019s usually made of wood. The frame is built first, and it supports finishing features, like your roof, doors, windows, and drywall. Most framers also install the windows and doors and take care of your home\u2019s subfloor installation and sheathing.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On average, framing will cost $25,000-$45,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Roofing: $10,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The cost of a roof varies depending on the type that you opt for. On average, most will cost around $10,000 for traditional asphalt shingles, but that number can climb if you need a larger roof or want a different style.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Exterior walls: $12 per square foot<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Exterior finishes include materials or coatings used to protect and make your exterior wall surfaces aesthetically pleasing with siding, shingles, stucco, and masonry veneer. Basic siding will cost around<strong> <\/strong>$12 per square foot but can easily become more expensive with different materials.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Interior material costs: $68,000 to $255,000 (plus labor)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">When calculating how much it costs to build a house, the interior material costs could be the most expensive part. Your price will depend on factors like how much space you have to fill and&nbsp; the quality of the materials you buy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">HVAC, electrical, and plumbing: $15,000 to $75,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">HVAC, electrical, and plumbing are all very labor-intensive, and these costs are not something you should ever cut corners on. All three of these major systems are vital to your home\u2019s safety and efficiency. Prices for these range from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>HVAC: $5,000\u2013$10,000.<\/li>\n\n\n\n<li>Electricity: $3\u2013$5 per square foot.<\/li>\n\n\n\n<li>Plumbing: $2,000\u2013$15,000.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">On average, when combined, these three will cost anywhere between $15,000 and $75,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Insulation: $3,000 to $5,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Insulation helps to keep your home energy efficient and comfortable. The costs can range from $3,000\u2013$5,000 on average, but it varies depending on the type of insulation you use and the amount you need.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fixtures and finishes: $50,000 to $175,000<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Your interior finishes include all the materials used to cover the inside of your home\u2019s frame. The costs vary greatly. If you\u2019re on a tight budget, this is one of your best opportunities to save money. If you\u2019re looking for luxury, finishing your interior could become the most expensive aspect of your home build. On average, interior finishes range from $50,000 -$175,000. Some of these finishes include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Appliances: $3,000 \u2013 $24,000.<\/li>\n\n\n\n<li>Cabinets: $2,000 \u2013 $30,000.<\/li>\n\n\n\n<li>Countertops: $1,800 \u2013 $4,200.<\/li>\n\n\n\n<li>Light fixtures: $2,000 \u2013 $12,000.<\/li>\n\n\n\n<li>Doors: $360 \u2013 $1,150 per door.<\/li>\n\n\n\n<li>Windows: $150 \u2013 $200 per window.<\/li>\n\n\n\n<li>Drywall: $1.50 \u2013 $3 per square foot.<\/li>\n\n\n\n<li>Floors: $1,500 \u2013 $4,500 per 500 square feet.<\/li>\n\n\n\n<li>Shower\/bathtub: $4,000 \u2013 $6,000.<\/li>\n\n\n\n<li>Paint: $5 per square foot.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Labor: 30% to 50% of the total project cost<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The cost of labor will make up about 30%\u201350% of your total project cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Modular homes, also known as prefabricated homes, have reduced labor costs because most of the work is done off-site, then the home is shipped to your lot to be assembled. If you want a custom build, the lack of prefabrication can substantially increase labor.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not including materials, here are some labor costs to budget for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.homeadvisor.com\/cost\/additions-and-remodels\/general-contractor-rates\/\" target=\"_blank\" rel=\"noreferrer noopener\">General contractor rates<\/a>: 10%\u201320% of total project cost.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.angi.com\/articles\/construction-management-fees.htm\" target=\"_blank\" rel=\"noreferrer noopener\">Construction manager costs<\/a>: 5%\u201315% of total project cost.<\/li>\n\n\n\n<li><a href=\"https:\/\/architizer.com\/blog\/practice\/details\/young-architect-guide-double-your-hourly-rate\/#:~:text=From%20the%20great%20Architectural%20Fees,services%2C%20though%20it%20can%20vary.\" target=\"_blank\" rel=\"noreferrer noopener\">Architectural fees<\/a>: $100\u2013$250 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.forbes.com\/home-improvement\/contractor\/floor-plan-designer-cost\/#:~:text=Hourly%20Rates%20for%20Certified%20Drafters&amp;text=It%20is%20important%20to%20review,%2480%20to%20%24150%20per%20hour.\" target=\"_blank\" rel=\"noreferrer noopener\">Draftsperson designer rates<\/a>: $80\u2013$150 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.forbes.com\/home-improvement\/electrical\/cost-to-hire-electrician\/\" target=\"_blank\" rel=\"noreferrer noopener\">Electrician rates<\/a>: $50- $100 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.mysiteplan.com\/blogs\/news\/cost-to-frame-a-house#:~:text=According%20to%20HomeAdvisor%2C%20the%20average,projects%20like%20a%20garage%20addition.\" target=\"_blank\" rel=\"noreferrer noopener\">House framer rates<\/a>: $7\u2013$16 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.forbes.com\/home-improvement\/contractor\/cost-to-hire-interior-designer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interior designer rates<\/a>: $50\u2013$500 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.homeadvisor.com\/cost\/landscape\/hire-a-landscape-architect\/#:~:text=Hourly%20rates%20vary%20among%20landscape,%24150%20to%20%24225%20per%20hour.\" target=\"_blank\" rel=\"noreferrer noopener\">Landscape architect rates<\/a>: $50\u2013$80 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.mrrooter.com\/austin\/about-us\/blog\/2021\/february\/the-plumbing-repair-cost-guide-what-you-need-to-\/#:~:text=Typically%2C%20plumbers%20are%20subject%20to,to%20have%20an%20hourly%20rate.\" target=\"_blank\" rel=\"noreferrer noopener\">Plumber costs<\/a>: $45\u2013$200 per hour.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.angi.com\/articles\/how-much-does-structural-engineer-cost.htm#:~:text=Hiring%20a%20structural%20engineer%20ranges,like%20drawing%20up%20engineering%20plans.\" target=\"_blank\" rel=\"noreferrer noopener\">Structural engineer rates<\/a>: $100\u2013$200 per hour.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Building a Custom Home vs. Production Home<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A custom home is one where you get complete control over every aspect of building your dream home. You\u2019ll choose the location, floor plan, and materials to create the perfect place for you. A production home, on the other hand, is a semi-custom home that allows you to choose your floor plan from the options a builder has available on a lot within their planned community.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cost difference between building a completely custom home and selecting a production home can be significant. In fact, building a custom home can cost up to $400 or more per square foot. By choosing a production home, you can save yourself as much as 30% in some cases but at least 15% in most.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Makes a House Less Expensive To Build?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you have the skills and time to take on any of these installations, you can significantly reduce the total home-building cost. Painting alone can easily save you thousands of dollars.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, if you don\u2019t have these skills, hire a professional. It usually costs a lot more to hire someone to fix one\u2019s mistakes and reinstall something than just hiring a professional in the first place.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Long Does It Take To Build a House?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Census Bureau\u2019s <a href=\"https:\/\/www.census.gov\/construction\/nrc\/pdf\/avg_starttocomp.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Survey of Construction<\/a> shows that the average number of months it took to build a home from start to finish in 2021 was 7.6 months. Homes built for sale took 6.7 months, contractor-built homes took 12.6 months, and owner-built homes took 14.3 months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Is It Cheaper To Buy a House or Build One?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In general, <a href=\"https:\/\/www.biggerpockets.com\/blog\/2015-02-20-important-considerations-construction\" target=\"_blank\" rel=\"noreferrer noopener\">building your own home<\/a> is cheaper than buying an existing home. As mentioned earlier, the average cost to build a house is around $300,000. To compare, the national median sales price of a home is $454,900 as of Q3 2022. That\u2019s a significant difference!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mind you, these are averages based on national data. The total cost of building a home can easily fluctuate by hundreds of thousands of dollars, as do home prices, depending on the location. Speak to real estate agents or developers to learn about the fair market values of homes in your area and how much it\u2019ll cost to build a house.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Are you ready to start building your own home? BiggerPockets has a whole library of resources to help get you started. Check out our <a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noreferrer noopener\">forums<\/a> and explore our network of <a href=\"https:\/\/www.biggerpockets.com\/real-estate-companies\" target=\"_blank\" rel=\"noreferrer noopener\">real estate partners<\/a> to discover what options you have available.<\/p>\n\n\n\n    \n  <div id=\"visibility-group-block_64dd5ab97ed79\" class=\"visibility-group  hidden\">\n        \n\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-slate-900-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Analyze Deals Like a Pro<\/strong><\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color wp-block-paragraph\" style=\"font-size:16px\">Deal analysis is one of the first and most critical steps of real estate investing. Maximize your confidence in each deal with this first-ever ultimate guide to deal analysis. <em>Real Estate by the Numbers<\/em> makes real estate math easy, and makes real estate success inevitable. <\/p>\n\n\n\n<div id=button-custom-event-block_64138224164cd class='button-custom-event'>\n      <a href=\"https:\/\/store.biggerpockets.com\/products\/real-estate-by-the-numbers?utm_source=blog&#038;utm_medium=marketing_block\" x-on:click=\"window.analytics.track(&#039;Blog Block | Publishing: REBTN Book&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/how-much-does-it-cost-to-build-a-house&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\">Get Yours Now<\/a>\n  <\/div>\n\n\n\n<div id=button-custom-event-block_641381f7164cc class='button-custom-event'>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/REBN_cover_mockup_01-e1679000020543.png\" alt=\"real estate by the numbers\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n  <\/div>\n  \n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n    \n  <div id=\"visibility-group-block_64dd31c79f00f\" class=\"visibility-group  \">\n        \n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"hero-block_64dd2875dba9d\" class=\"first:mt-0 hero-block py-4    has-background has-slate-100-background-color has-text-color has-theme-slate-color\">\n    <div\n        class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 w-full \">\n            <main class=\"py-4\">\n                \n\n<h3 class=\"wp-block-heading my-0 tracking-tight font-extrabold has-theme-slate-dark-color has-text-color has-large-font-size\">Join the community<\/h3>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-theme-slate-color has-text-color wp-block-paragraph\" style=\"font-size:16px;font-style:normal;font-weight:400\">Ready to succeed in real estate investing? Create a free BiggerPockets account to learn about investment strategies; ask questions and get answers from our community of +2 million members; connect with investor-friendly agents; and so much more. <\/p>\n\n\n\n<div id=button-custom-event-block_64dd2888dba9e class='button-custom-event'>\n      <a href=\"https:\/\/www.biggerpockets.com\/signup\" x-on:click=\"window.analytics.track(&#039;Blog Block | Acquisition | Free Membership Signup&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/how-much-does-it-cost-to-build-a-house&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-blue-background-color has-text-color has-white-color\" target=\"_blank\">Sign Up<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n            <\/div>\n<\/div>\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n  <\/div>\n  <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sometimes it\u2019s hard to find the perfect house in the perfect location at the right price, so you just have to build a house from scratch.&nbsp; But How Much Does [&hellip;]<\/p>\n","protected":false},"author":613625,"featured_media":146285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5524],"tags":[],"class_list":["post-146284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-real-estate-investing-for-beginners"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/146284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/613625"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=146284"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/146284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/146285"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=146284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=146284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=146284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}