What Does it Cost to Build a House?

When you’re thinking of buying a homesite and building your own custom house on it, one of the biggest considerations on your mind is likely cost. But what does it cost to build a house, and what factors go into the total amount? This guide explains.

First things first: Your cost to build your dream home hinges on several factors, including its size, location, the builder you choose and the materials you want in the home. There are differences between custom-built homes and production builds, too (production builds are those that builders create models for, and that are typically built in neighborhoods and planned subdivisions).

But in 2021, the U.S. Census Bureau says that the average cost to build a new home is $397,800.

How Do You Get an Exact Cost?

The first thing you need to do if you want to build a custom home is to find the right real estate agent. Your agent will be able to help you find the ideal property for your needs, plus refer you to the right builders and contractors to get the job done.

Other things that will impact the cost of your home include whether you need to install a septic system or sewer hook-up, or if you need to pay for concrete to connect your house to the nearest road. And local rules may require you to pay for certain permits and other requirements, as well.

The best thing you can do is talk to a real estate agent about how much it’s likely to cost to build your dream home. Your agent can show you existing new homes, go with you to talk to a builder about your options, and help you pinpoint the cost it’ll require.

Are You Buying a Home or Land for Sale in Lake City?

If you’re moving to Lake City, we can help you find the perfect place to live. Call us at 386-243-0124 to tell us what you want from your home and we will begin searching right away.

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