Money Talk With Slater

Making Money Across the Board

How Much Money Does It Cost to Build a House (Part II)?

Once you’ve obtained some land, it’s time to start planning the house you’ve always dreamed of.

Make the Plans

Now, once you’ve discovered that great plot of land, be prepared to make plenty of decisions. In every part of the construction, you’ll make lots of choices that affect the cost to build your home. You’ll need to have a detailed, well-planned vision of the house you desire. And we don’t just mean finishes and the number of rooms. If you don’t have a budget, you’ll end up making lots of change orders.

Change orders are work items that have to be removed or added to the original set of plans. They’ll send your budget over the roof and drive your builder up the wall.

To aid you in preparing for the decisions you’ll have to make at every stage of the home-building process, this article broke down the usual costs to build a house into separate stages, starting with site work and going all the way to landscaping as well as the final sales price. 

Site Work $17,000

After you get the property, you’ll have to pay for site work like permits, inspections, and building plans to get ready for the actual construction. The steepest cost here is fees for sewer and water inspections.

Pro tip: Have your builder and architect create the plan together. Don’t allow an architect who doesn’t know anything about building win you over with nice pictures. Your builder can make sure your architect isn’t creating something that’s silly or really pricey to build.

Foundation $28,000

Foundation work is where the true fun starts. This is when you’ll break ground on your new house. Breaking ground necessitates heavy-duty machinery and skilled operators to make sure the ground is level before laying the foundation of your home. If huge rocks are hiding under your plot of land, excavation costs can go up.

 

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